Originally signed between founding members in 1874:
Terms[]
- A multilateral customs union will be in effect between the European continental signatories of this treaty.
- There will be no tariffs on any goods or services travelling between the countries although border checks may still be conducted.
- The countries will apply a Common external tariff divided into three sections currently but subject to change:
- Favoured country (5% of value): Avalon, New England and Savannah
- Ordinary rate (15% of value): Everyone not mentioned
- Non-favoured country (35% of value):
- Non-European holdings of signatories are not subject to the customs union and may set their own tariffs on each individual signatory state.
- Tariffs still apply for trade between signatories and other signatories' non- European holdings as set by the non- European holdings.
- Countries must adhere to a rules of origin system to prove that the country of origin is within the customs union to avoid re- exportation through colonies.
- Decisions on changes to the treaty must be unanimous.
Signatures[]
- United Kingdom of Great Britain and Ireland: User:Person67
- France: SXLΔCΞ | talk to me if needed
- Iberia Steph (talk)