Baltian Economic Cooperation Agreement
The Baltian Economic Cooperation Agreement (BECA) is an economic union between Cheslovia, Malokaz, Ud Mahazar and Seldov-Volodovkaya which was created in mid 2008. The union forbids any member state from engaging in trade with other nations that are not part of the BECA. The BECA has had no influence over the creation and signing of the "Kaznia-Malokaz Currency Agreement" treaty of 2008 (which allowed Malokaz to use the Cheslovian Oubel), but has had a large effect on trade tariffs, currency value and company activity. Recently, trade tariffs were raised to increase the amount of profit and value of the object obtained from trade, from €k5 to €k30.