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Midir [Mondari]
TNPer
The following free trade agreement will go into effect on January 15, 2019.
To encourage trade and cooperation between the Republic of Mondari and the Kingdom of Prydania
Section 1: All tariffs on goods and services exchanged between the two signatories will be eliminated upon the ratification of this agreement.
Section 2: Both signatories have the right to declare vital industries as protected industries and reserve the right to place subsidies on said industries to ensure they remain viable.
Section 3: Patent-Holders have the exclusive ownership of their intellectual property, unless said intellectual property is in the public domain, that is recognized by their nation of origin.
Section 4: A Dispute Resolution Body can be convened at the request of either signatory in order to resolve issues brought up by either signatory.
Section 5: A signatory may, with the consent of the other, append any new section to this agreement.
Section 6: In the event that either signatory violates the terms of this agreement, and the Dispute Resolution Body cannot resolve the issue(s) brought up by either signatory, the non-violating signatory can declare this agreement null and void.
Section 1: Mondic airlines have the exclusive right to operate all domestic routes within the Republic's States.
Section 2: Mondic heavy industrial companies have the exclusive right to operate within the Republic's States.
Section 3: Deposits of oil, coal, and other ores in the Republic's States are reserved to Mondic companies and cannot be accessed by Prydanian companies without the consent of the Mondic government.
Section 1: Prydanian agriculture is excluded from the elimination of tariffs and Mondic agricultural companies cannot operate within the Kingdom of Prydanian without the consent of the Prydanian government.
Article IV - Dispute Resolution Body
Section 1: Should the government of a signatory find the trade practices of the other signatory to be in violation of this agreement, they may call the Dispute Resolution Body to session.
Section 2: The Dispute Resolution Body shall be composed of four members that is split equally between the Republic of Mondari and the Kingdom of Prydania.
2a: The Dispute Resolution Body must come to a consensus before adjourning.
Section 3: The members of the Dispute Resolution Body shall be appointed by the Prydanian and Mondic governments respectively.
Section 4: The Dispute Resolution Body must hear all concerns submitted and deliver rulings that both signatories must comply with.
Section 1: The agreement can be appended if both signatories agree to the proposed terms.
Section 2: Should either signatory wish to renegotiate the terms of this agreement, the governments of both signatories can call representatives to draft a new agreement.
Preston Milton; President of the RM
Anthony Brooks; Secretary of Foreign Relations and Trade
King Tobias III; King of Prydania
Magnus Brandt; Prime Minister of the Kingdom of Prydania
Mondic-Prydanian Free Trade Agreement
Purpose of the Agreement
Purpose of the Agreement
To encourage trade and cooperation between the Republic of Mondari and the Kingdom of Prydania
Article I - Provisions
Section 1: All tariffs on goods and services exchanged between the two signatories will be eliminated upon the ratification of this agreement.
Section 2: Both signatories have the right to declare vital industries as protected industries and reserve the right to place subsidies on said industries to ensure they remain viable.
Section 3: Patent-Holders have the exclusive ownership of their intellectual property, unless said intellectual property is in the public domain, that is recognized by their nation of origin.
Section 4: A Dispute Resolution Body can be convened at the request of either signatory in order to resolve issues brought up by either signatory.
Section 5: A signatory may, with the consent of the other, append any new section to this agreement.
Section 6: In the event that either signatory violates the terms of this agreement, and the Dispute Resolution Body cannot resolve the issue(s) brought up by either signatory, the non-violating signatory can declare this agreement null and void.
Article II - Mondic Exclusions
Section 1: Mondic airlines have the exclusive right to operate all domestic routes within the Republic's States.
Section 2: Mondic heavy industrial companies have the exclusive right to operate within the Republic's States.
Section 3: Deposits of oil, coal, and other ores in the Republic's States are reserved to Mondic companies and cannot be accessed by Prydanian companies without the consent of the Mondic government.
Article III - Prydanian Exclusions
Section 1: Prydanian agriculture is excluded from the elimination of tariffs and Mondic agricultural companies cannot operate within the Kingdom of Prydanian without the consent of the Prydanian government.
Article IV - Dispute Resolution Body
Section 1: Should the government of a signatory find the trade practices of the other signatory to be in violation of this agreement, they may call the Dispute Resolution Body to session.
Section 2: The Dispute Resolution Body shall be composed of four members that is split equally between the Republic of Mondari and the Kingdom of Prydania.
2a: The Dispute Resolution Body must come to a consensus before adjourning.
Section 3: The members of the Dispute Resolution Body shall be appointed by the Prydanian and Mondic governments respectively.
Section 4: The Dispute Resolution Body must hear all concerns submitted and deliver rulings that both signatories must comply with.
Article V - Renegotiating the Agreement
Section 1: The agreement can be appended if both signatories agree to the proposed terms.
Section 2: Should either signatory wish to renegotiate the terms of this agreement, the governments of both signatories can call representatives to draft a new agreement.
Article VI - Signatories
Preston Milton; President of the RM
Anthony Brooks; Secretary of Foreign Relations and Trade
King Tobias III; King of Prydania
Magnus Brandt; Prime Minister of the Kingdom of Prydania
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