Saint Josephsburg Economic Pact
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Saint Josephsburg Economic Pact | |
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| Membership |
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| Leaders | |
• President of the SJEC |  Vacant |
| Establishment | |
• Foundation | 27 June 2014 |
| Part of a series on |
| Micronational economics |
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The Saint Josephsburg Economic Pact or SJEP is an economic union of micronations. 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.
On May 5th, 2015, Renasia was officially dissolved. This sent the SJEP into a state of inactivity. Due to this state of affairs, Sandus withdrew in 2016, and Leylandiistan and Gurvata was dissolved in September of 2016. Ashukovo, after going through several incarnations, fell into inactivity sometime in 2021. Austenasia remains the only member state of the SJEP at the time of writing.
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:
- Vacant (President of the SJEC)
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:
- Empire of Austenasia (Founding Member)
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.