Saint Josephsburg Economic Pact
| Saint Josephsburg Economic Pact | |
| |
| Logo of the SJEP | |
| Headquarters | New Richmond, Austenasia |
| Official language | English |
| Membership | 5 member-states |
| Leadership | |
| President of the SJEC |  Kuri Kabanov
|
| Establishment | |
| Foundation | 27 June 2014 |
| Part of a series on |
| Micronational economics |
|---|
|
Branches, classifications and models
|
|
Tools
|
The Saint Josephsburg Economic Pact or SJEP is an economic union of four micronations, with provisions for more to join. It was established on 27 June 2014, with the signing of the Saint Josephsburg Economic Agreement (SJEA), in the hopes of fostering economic trade between its members. All decisions made on behalf of the SJEP are made by the Saint Josephsburg Economic Council (SJEC), which has as its members one delegate from each member state, or by the President of the SJEC who acts as an arbiter in economic disputes between member states.
The SJEP is an economic union, which is a combination of a customs union and a common market. Member states of the SJEP have a unified external economic policy, determined by the SJEC (customs union), as well as free trade and freedom of movement of goods, capital, and labour between each other (common market). The SJEP also includes some standardisation and harmonisation of product labeling and educational institutions between the member states.
History
The Saint Josephsburg Economic Pact was founded on 27 June 2014. The Ashukov Federation, the Free State of Renasia, the Empire of Austenasia, and the State of Sandus - the founding nations of the SJEP - all signed the Saint Josephsburg Economic Agreement on that day.
On 18 August 2014, the Democratic Republic of Leylandiistan was admitted as a member state of the SJEP. It was confirmed after Leylandiistan's merger with the Republic of Gurvata that the Confederation of Leylandiistan & Gurvata would continue to take part in the SJEP.
Structure
The SJEP consists of two main institutions, the Saint Josephsburg Economic Council (SJEC) and the President of the SJEC.
Saint Josephsburg Economic Council
The SJEC is the most powerful organ of the SJEP, with the power to make any decisions for the SJEP with a simple majority, provided that they do not contradict the SJEA or previously passed decisions and are within the SJEP's scope of power (economic activity and related fields). The SJEC consists of one delegate from each full member state, which all have one vote in the SJEC. The current members of the SJEC are as follows:
Sebastian Schriber
Kuri Kabanov (President of the SJEC)
Lady Admiral Brooklyn Hewitt
Will Sorgel
Fionnbarra Ó Cathail
President of the Saint Josephsburg Economic Council
The President of the SJEC is a rotating position, which passes to a new SJEC member (in the order that their nations signed) every 6 months. The President of the SJEC does not have any more power than a regular member of the SJEC, except when it comes to dispute resolution. If an economic or political dispute arises between nations, or a dispute on the interpretations of the SJEA or other SJEP laws arises, the President of the SJEC acts as the impartial arbiter and judge of the dispute, and their decision is final. If there is a conflict of interest between the President of the SJEC and the case at hand, the arbiter of the case is the SJEC member next in line to become President of the SJEC.
Member states
Full members
Founding Members joined the SJEP when it was founded, and are not legally distinguished from other full members. Other full members were admitted by the SJEC with unanimous support. Current full members are as follows:
Tsardom of Ashukovo (Founding Member)- Free State of Renasia (Founding Member)
- Empire of Austenasia (Founding Member)
State of Sandus (Founding Member)- Confederation of Leylandiistan & Gurvata
Observer states
Observer states were admitted by the SJEC with a simple majority. They can witness SJEC meetings but cannot vote or take part. Current observer states are as follows:
Relations with other micronations
As a customs union, the SJEP has a unified economic policy in relation to other states. This means that a free trade treaty with another nation will apply equally to all members of the SJEP. The SJEP currently has economic relations with the following nations:
Reylan Imperial Triumvirate (Free trade, labelling requirements, mutual recognition of currencies. Treaty signed with Renasia carried over to SJEP)
Commonwealth of Kumano (Some Kumano citizens treated as citizens of a member of the Pact for economic purposes. Socivilo state agreement with Sandus carried over to SJEP)
Commonwealth of Zealandia (Visa free travel and recognition of travel documents. Treaty signed with Sandus carried over to SJEP)
Kingdom of Überstadt (Some Überstadti citizens treated as citizens of a member of the Pact for economic purposes. Socilivo state agreement with Sandus carried over to SJEP)
