Seneca Islands: Difference between revisions

In [[2030]], a trade agreement was signed with [[Burgundie]] and approved by the [[Nysdra Sea Treaty Association]] (NSTA) relating to trade between the Senecas and [[Iles Evangeline]]. The agreement authorizes Burgundie, through Iles Evangeline, to import an unlimited number of goods into the Seneca Islands, which is normally subject to the trade restrictions established by NSTA. The agreement established the Burgoignesc North Crona Trading Company (BNCTC) as an intermediary firm based in the Seneca Islands that would handle importing of goods for further sale into the NSTA exclusion zone. The amount of goods imported in the exclusion zone through the Senecas is subject to an annual valuation cap (AVC) determined by formula under the terms of the agreement. The AVC is equal to 1/50th of the total annual value of goods imported to the Nysdra every year by [[Urcea]], further modified every year by an index number which calculates the cumulative domestic growth of manufacturing of NSTA participants. This formula is intended to allow for Burgoignesc commerce to flow into the region while ensuring domestic economic capability is not damaged by the trade. Within the Nysdra, the agreement is intended to increase consumer variety, drive down the costs of goods (to a limited degree), and to further drive the development of domestic competitors.