Draft:Kiravian-Levantine Economic Compact
 | |
| Type | Trade agreement |
|---|---|
| Signed | 18 March 1994 |
| Location | Rosmore, New Ardmore |
| Effective | 1 January 1995 |
| Parties |  Levantine Union Kiravian Federacy |
| Depositary | Secretary-General of the League of Nations |
| Language | Latin |
The Kiravian-Levantine Economic Compact is a treaty governing economic relations between the Levantine Union and the Kiravian Federacy, entered into for the purpose of reducing barriers to the flow of goods, services, and investment between the two entities. The treaty establishes protocols for the periodic review and adjustment of its terms, as well as mechanisms for dispute resolution.
History
Background
Geopolitical, technological, world-economic background.
For their part, the Rénkédar administration sought greater access to foreign capital to fuel the capitalist restructuring of the mainland Kiravian economy, as well as increased access to Levantine markets for Kiravian exports (particularly agricultural products, beverages, consumer durables, and electronic components). The administration was committed to liberalisation and had the general support of a legislative majority for its economic reform agenda. However, there was growing discontent with the transition in many areas of the country, and polls indicated that a growing number of Kiravians who had welcomed the end of Kirosocialism nonetheless felt that the reöpening of the economy was occurring "too fast". Even within the administration's own camp, some concerns were voiced regarding the cultural and geopolitical implications of wide-sprectrum free trade with the Levantine Union.
Negotiation Rounds
Dolomitten Round (1989)
After the conclusion of preliminary backchannel discussions and sub-cabinet level meetings, the first formal round of negotiations was convened in the Fiannrian city of Dolomitten. The main issues on the agenda were tariffs and foreign direct investment. One topic on which there was some difficulty in coming to an agreement was Kiravian controls on foreign acquisitions as part of the then-ongoing process of privatising state-owned assets left over from the Kiravian Union.
Kérvoak Round (1991)
Topics discussed at Kérvoak were mainly related to trade in goods, such as dumping, customs valuation, and certain non-tariff barriers to trade in goods.
Ordep Round (1993-1994)
The Ordep round came to agreements in areas such as intellectual property protections and trade in services, as well as on matters related to the implementation of the agreement, such as customs administration, transparency and compliance, and dispute resolution. It also drafted language committing to further efforts to reduce trade barriers and providing for periodic post-implementation meetings to discuss amendments to the agreement.
Signature and Ratification
Amendment Rounds
| Round | Dates | Notes |
|---|---|---|
| Alexarmes Round | 2001 | |
| Deneva Round | 2010-2011 | |
| Vallonbourg Round | 2020-2025 | Interrupted by the Final War of the Deluge, resumed March 2025. |
Terms
Territorial Extent
On the Kiravian side, the FTA applies to New Ardmore and the 'Kiravian Main Customs Area', which at the time of signature comprised the themes of the Federation and South Kirav. The terms of the agreement allow the Federacy to extend it to additional territories with six months' notice and no objection from the Levantine Union. This was done with respect to Atrassica in 1998 and Eusa in 2000. There may also be LU-associated outermost regions outside the scope of the agreement that may be included by the same process.
Tariffs
Non-Tariff Barriers
Agriculture
Unresolved Issues
Kiravian administrations have long been reluctant to make concessions on product standards related to a "cultural protectionist" agenda, often involving labelling and localisation.