WELCOME TO THE
COUNCIL OF VEXILLIUM
The International Trade Council of Vexillium, or the ITCV, is an international organization devoted to the promotion and the implementation of free trade all across Vexillium. The ITCV's principal purpose is the gradual elimination of trade barriers and tariffs around the globe, enabling free, unrestricted trade between nations, bringing wealth and prosperity to all.Article One: This organization shall be known as the International Trade Council of Vexillium.
Article Two: It shall be permanently headquartered in Chilangotitlan, in the TDCorp territory.
Article Three: The authority of the ITCV shall be invested in the Vexillium Trade Council, consisting of one representitive from each member nation.
Article Four: Overall responsibility for the administration of the ITCV shall be held by a Director-General, elected by the Trade Council.
Article One: Membership of the ITCV may be applied for by any nation.
Article Two: Any prospective member must be approved by a majority of the Trade Council.
Article Three: Members may leave the ITCV at any time they wish.
Article Four: Nations may also apply for observer status in the ITCV.
Article Five: Observer nations may watch the proceedings of the ITCV, and may speak if there are no objections from the members.
Article Six: Observer nations may not vote in the Trade Council.
Article Seven: By becoming a member, nations agree to several basic principles.
Article Eight: Members agree, in principle, that tariffs on imports should be reduced or abolished.
Article Nine: Members agree, in principle, that subsidies on products should be reduced or abolished.
Article Ten: Members agree, in principle, that intellectual property rights should be protected.
Article Eleven: Members agree, in principle, that freedom of transportation should be maintained.
Article One: The ITCV shall convene a Vexillium Trade Court.
Article Two: This court shall be used to settle trade-related disputes between members.
Article Three: The decisions of the Trade Court are binding, unless the member leaves the ITCV.
Article One: The ITCV shall promote and facilitate a number of international agreements.
Article Two: One such shall be the International Agreement on the Reduction of Tariffs.
Article Three: One such shall be the International Agreement on the Reduction of Subsidies.
Article Four: One such shall be the International Agreement on the Protection of Intellectual Property.
Article Five: One such shall be the International Agreement on the Freedom of Transportation.
Article Six: The Trade Council may create other international agreements.
Article Seven: These international agreements will be open to be signed by any member.
Article Eight: Membership of the ITCV shall not dependent upon agreement to these treaties.
The International Agreements
The International Agreement on the Reduction of Tariffs
This agreement basically specifies that monetary tarrifs on the importation of goods should be gradually reduced until they reach zero, permitting totally free trade without any monetary penalty for transactions.
The International Agreement on the Reduction of Subsidies
This agreement serves a similar purpose as the previous one, but rather than reducing import tariffs, seeks to reduce and eliminate subsidies on all products, thus creating a fair market for all.
The International Agreement on the Protection of Intellectual Property
This agreement protects individual's creations, in the form of copyrights, extending over all members.
International Agreement on the Freedom of Transportation
This agreement enables ships and aircraft of other members to pass through terratorial waters or airspace without restriction, provided the laws of the nation being passed through are respected during that passage.
This seal may be displayed by member nations to indicate their participation in the ITCV.
Federated Republic of Allacoa
Free and Independent Republic of Aros
Federal Republic of Brolecia
Free Commonwealth of the Greater Burovian Realm
Kingdom of Caledon
Kingdom of Christiana
Republic of Davenport
Republic of Eastern Delgamia
Sultanate of Feniz
Republic of Islandia
Federal Republic of Neoliliana and Western Gorami
Estado Unido de San Patricio
Most Serene Republic of Sana Docetan
United Territories of Fiarria and Nuarmia
Federal Republic of Whitlam
Sylvarist Republic of Begral