Free Trade Organization (FTO)

New Lublin Treaty on establishing the Free Trade Organization of December 22, 2020

Article I.
All Signatories are obliged to convert their national currency to the single currency libero (ł) (1 libero = 100 cents)
.
Article II.
All signatories abolish the tariffs of international trade within the Free Trade Organization.

Article III.
The headquarters of the Free Trade Organization is localised in New Lublin City, the capital of the Federal Republic of Epilepsia.

Article IV.
Each signatory will hold a rotational 1-month-long presidency of the FTO in the order they joined the organization. The President of the FTO as of May 2021 is the Federal Republic of Epilepsia.

Article V.
Signatories establish the Regional Central Bank which creates the fiscal policy of the FTO and has an exclusive right to issue money.

Article VI.
The headquarters of the Regional Central Bank is localised in the capital of the Ainland.

Requirements:
• Have an Economy index # of at least 60+.
• Have an Average Income of at least 60,000.
• Have a Corruption index # under 15.
• Have an Economic Freedom index # of at least 30+.
• Declare to of change the national currency to libero (ł).
• Maintain a free-market based economy.
• Commit to democratic values.

Founding Signatories (with the power to veto): Epilepsia, Ainland, Siratraz, Kys mes shand, Srasonja

Preceding Signatories: Stop taking my names damn it, Madrinpoor, Sulasburg, Piedmont free state, Potenzia, Sjevre, Libertian Communes, Kingdom of the Indus, Sauquistan, Veneti marsei, The Antilles Commonwealth