This Treaty, officially known as the Majatran Economic Association Agreement, or henceforth referred to as the "Agreement", is an amendment to the Establishment of the Majatran Economic Association of 4704, as formed during the Hashim Conference in Yishelem, Beiteynu, post 5381.
Signatory Nations as recognised by this Agreement, in alphabetical order and in par with the rotational mandate:
01 - Badara
02 - Barmenistan
03 - Beiteynu
04 - Cildania
05 - Cobura
06 - Deltaria
07 - Istalia
08 - Jakania
09 - Jelbe
10 - Kafuristan
11 - Kalopia
12 - Pontesi
13 - Selucia
14 - Solentia
15 - Vanuku
16 - Zardugal
Material pertaining to this Agreement:
- Founding Document,
http://classic.particracy.net/viewtreat ... atyid=4513- Conference,
viewtopic.php?f=16&t=9372Upon the ratification of this Agreement, Signatory Nations, henceforth referred to as "members" or "member states", will be bound to the following articles and provisos:
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ARTICLE 1
MEA
1.0.
The Majatran Economic Association, officially abbreviated as the MEA, is an economic pact under which members pledge to pursue prosperity and sustainability across the continent.
1.1.
Member states must be located on the continent of Majatra, willing to provide support to the association and committed to the prosperity of the region.
1.2.
No agreements can be struck with the entirety of the MEA; member states are encouraged to pursue their own agreements with other states independently.
1.3.
Member states agree to support economic partnerships, pursue joint investments, avoid imposing double taxation on common transactions and impose no tariffs in trade between them.
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ARTICLE 2
MEAF
2.0.
The Majatran Economic Association Fund, officially abbreviated as the MEAF or Fund, is a treasury of capital from member states.
2.1.
Member states must contribute a minimum of 50M LOD to the MEAF every year; any remaining capital will be appropriated back to member states every year.
2.2.
The MEAF can only be used for the development of supranational projects and not long-term maintenance.
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ARTICLE 3
MEAC
3.0.
The Majatran Economic Association Council, officially abbreviated as the MEAC or Council, is composed of 1 representative from each member state.
3.1.
The MEAC is headed by the Director-General, whom rotates between active member states every 15 years, and is responsible for managing the MEAF.
3.2.
The MEAC can veto the use of the MEAF and/or remove the Director-General, with a 2/3rds vote between active members.