An understanding and mutual recognition of friendship, trustworthiness and respect between Nedea, Saratoga, and Moarfall.Article IShort Title1. This document may be cited as the "Echelon Accord".2. This document can be referred to as the "Principal Act".For the purposes of this legislation, 1. The Syndicated Corporations of Nedea shall be defined as Nedea. 2. The Sovereign Crown Republic of Saratoga shall be defined as Saratoga. 3. The Imperial Dominion of Moarfall shall be defined as Moarfall. 4. The Governing Bodies of the group that is Nedea, St. Saratoga, and Moarfall shall be defined as The Echelon. 5. The joint economic union of The Echelon shall be defined as The Kredit Union.Article IIDefinitionsArticle IIIProvisions1. The Echelon agree to a Non-Aggression Pact as outlined in the Aventine Proclaimation.2. The Echelon agree to a Conditionally Open Border policy which includes: A. The free passage of Echelon Nationals into or out of Country. B. The mutual recognition of state issued Visas, Identification Cards, and Passports. C. Little to no discriminatory measures against fellow Echelon nationals.3. Under the Echelon Accord we establish The Kredit Union. A. The Kredit Union is a joint, economic union between The Echelon. B. The Echelon agree to adopt and use the Kredit (Ꞣ) as their primary currency. C. Under these provisions, a Bank is established. I. This Bank shall be known as The Kredit Union. II. The ownership of the Bank shall be divided up as follows: a. Nedea shall own 25% of the Bank with 25 million shares. b. Saratoga shall own 25% of the Bank 25 million shares. c. Moarfall shall own 25% of the Bank 25 million shares. d. 20% or 20 million shares to be held in trust to be provided to future members. e. The remainder 5% shall be sold to open markets and other investors. III. The Bank's headquarters shall be located in TradeMark, Nedea. IV. Kredit Union members have certain privileges and responsibilities such as: a. Establishing Treasuries with Kredit Union offices. b. Minting Kredits at a rate agreed by The Kredit Union. c. Taking loans from the Bank at discounted interest rates. d. Rewards into national Treasuries based on the Banks Profits. e. Voting rights equal to one vote per share owned with the Echelon holding perpetual veto power. f. Attending the annual Kredit Union Economic Summit. V. From time to time, other nation-states may petition to join the Kredit Union with the following provisions required for entry and continued membership: a. Petitioning nation-states must be present in a pact of non-aggression with all Kredit Union members. b. Petitioning nation-states must adopt the following trade policies: i. Tariffs with Kredit Union members are not permitted. ii. Excessive or unnecessary searches of imports from Kredit Union members are not permitted. iii. The Kredit (Ꞣ) must be accepted as legal tender for all transactions. c. Upon the above provisions being met, the current members of the Kredit Union will hold a vote requiring a simple majority to induct petitioning nation-states. d. Upon entry into the Kredit Union newly inducted nation-states will receive the same privileges and responsibilities outlined in Article III.3.C.IV. e. Newly inducted nation-states will receive a share of the Bank to be from dilution by existing members. f. Member Status shall be formalized at the Kredit Union headquarters in TradeMark, Nedea. VI. From time to time, other nation-states may petition for Partner Status with the Kredit Union with the following provisions required for this status: a. Petitioning nation-states must maintain a stance of non-aggression with all Kredit Union members. b. Petitioning nation-states must adopt the following trade policies: i. Tariffs on imports from Kredit Union members must not exceed 5%. ii. Imports from Kredit Union members must be subject to standard customs procedures, with no excessive or discriminatory delays. iii. The Kredit (Ꞣ) must be recognized as a valid currency for international transactions with Kredit Union members. c. Upon meeting the above provisions, the Kredit Union members will hold a vote requiring a simple majority to grant Partner Status to the petitioning nation-state. d. Nation-states granted Partner Status will receive the following privileges: i. Access to Kredit Union loans at a preferential interest rate. ii. Eligibility to establish trade agreements with Kredit Union members under streamlined negotiation processes. iii. Observer status at the Kredit Union Economic Summit, with the right to propose agenda items but no voting rights. e. Partner Status does not confer ownership of shares in the Kredit Union Bank, nor does it grant the right to mint Kredits or receive profit-based rewards into national treasuries. f. Partner Status may be revoked by a simple majority vote of Kredit Union members if the partner nation-state violates the terms of this agreement or engages in actions deemed detrimental to the Kredit Union’s economic stability. g. Nation-states with Partner Status may later petition for full membership, provided they meet the requirements outlined in Article III.3.C.V. h. Partner Status agreements shall be formalized at the Kredit Union headquarters in TradeMark, Nedea. i. Partner Status is granted for a renewable term of 5 years. Article IIIProvisions1. The principal act shall come into force immediately after the signatures of therepresentative Nations are drawn upon this document.Representative of NedeaRepresentative of SaratogaRepresentative of Moarfall303 AI

Authored by Nedea

Last updated 05 Apr 2025, 22:02 -0500 . history