Charter of the World Economic Organization

Preamble

It is in the interest of every nation to form strong, friendly economic relations with its neighbouring nations, and those beyond.  The only way to promote a strong and lasting peace in the world is to both understand other nations, and to co-operate with them towards reaching mutally agreeable solutions to problems.

While the WEO must be neutral in all political affairs, it is through a solid cultural understanding of other nations, as well as a growing economic basis for friendship that most disputes can be settled and relations can eventually become friendlier.  The purpose of WEO is to provide a forum for economic co-operation, cultural understanding, and increased interaction of a positive nature between nations.

Similarly, all members of the World Economic Organization are aware of the increasing strain on the environment caused by rapid expansion and industrialization.   Accordingly, they include as objectives of the WEO optimal use of the world's resources, sustainable development, and sound environmental practice and proteciton.

Section I

Article 1 - This organization shall be called the World Economic Organization (hereinafter referred to as "the WEO").
Article 2 - It shall be permanently headquartered in S�ffmir, S�pmi..
Article 3 - A Ministerial Conference shall be held at least once every two years with a representative of all members present for discussion and negotiation.
Article 4 - The authority of the WEO shall be invested in the Economic Council, consisting of  one representative for each Member.
Article 5 - Overall responsibility for the administration of the WEO shall be held by a Secretary General, elected by the Economic Council.
Article 6 - The Secretary General shall serve for a term of 2 years.

Section II

Article 1 - Membership in the WEO may be applied for by any nation, or recognized organization representing the trade interests of two or more nations (hereinafter referred to simply as "entities").
Article 2 - Any prospective member must be approved by majority vote of the Economic Council.
Article 3 - Members may leave the WEO of their own accord.
Article 4 - Non-member nations and entities may apply for Observer status.
Article 5 - Observer nations and entities may watch the proceedings of the WEO, and may speak if there are no objections from the members.
Article 6 - Observer nations may not vote in the Economic Council.
Article 7 - Intergovernmental agencies may apply for Observer Organization status.
Article 8 - Observer Organizations may send a representative to the Economic Council, and shall follow all rules regarding Observer membership.
Article 9 - By becoming a member, nations agree to several basic principles.
Article 10 - Members agree, in principle, that tariffs on imports should be reduced or abolished.
Article 11 - Members agree, in principle, that subsidies on products should be reduced or abolished.
Article 12 - Members agree, in principle, that intellectual property rights should be protected.
Article 13 - Members agree, in principle, that freedom of transportation should be maintained.

Section III

Article 1 - The WEO shall convene a Trade Arbitration Council (hereinafter referred to as "the TAC")..
Article 2 - This council shall be used to settle trade disputes between members.
Article 3 - The decisions of the TAC are binding, unless the member leaves the WEO.
Article 4 - Composition of the TAC shall be decided by the Secretary General, and shall include well-qualified governmental and/or non-governmental individuals.
Article 5 - All rulings shall be made by a panel of three judges, unless all parties involved agree to a panel of five officials.
Article 6 - Parties involved may nominate members of the panel, and may not contest nominations without compelling reason, or may give the Secretary General the duty of nominating the members.
Article 7 - Final selection of all panel members shall be made by the Secretary General.
Article 8 - The Arbitration panel will be finalized and accepted by those parties receiving arbitration.

Section IV

Article 1 - The WEO shall promote and facilitate a number of international agreements.
Article 2 - One such shall be the International Agreement on the Reduction of Tariffs (Annex 1A).
Article 3 - One such shall be the International Agreement on the Reduction of Subsidies (Annex 1B).
Article 4 - One such shall be the International Agreement on the Protection of Intellectual Property (Annex 1C).
Article 5 - The Economic Council may create further International Agreements.
Article 6 - These International Agreements will be open to be signed by any member.
Article 7 - Membership is not dependent on the agreement to these treaties.

Section V

Article 1 - The Economic Council shall convene an International Trade Agency (hereinafter referred to as "the ITA").
Article 2 - The purpose of the ITA shall be to collect and compile complete trade information of all members of the WEO.
Article 3 - The ITA may petition any member for information regarding their trade policies.
Article 4 - Members are required to make available trade information on request of the ITA in a timely manner.

Section VI

Article 1 - The WEO shall work in cooperation with the Scandian World Bank of Development for the purpose of facilitating economic development.

Section VII

Article 1 - The WEO shall be empowered to take Economic Actions against nations that embark on destabilizing efforts to pressure another nation.
Article 2 - Destabilizing efforts will include, but are not limited to: embargos, blockade, or predatory currency speculation.
Article 3 - No member is compelled to take part in an Economic Action.
Article 4 - All Economic Actions must be passed with 60% approval of the Economic Council.

Section VIII

Article 1 - All changes to this Charter must be passed by majority consent of the Economic Council.
Article 2 - All new International Agreements do not need majority consent.
Article 3 - No member is compelled to sign any International Agreement.

Annex 1

Annex 1A - The International Agreement on the Reduction of Tariffs
This agreement basically specifies that monetary tarrifs on the importation of goods should be gradually reduced until they reach zero, permitting totally free trade without any monetary penalty for transactions.

Annex 1B - The International Agreement on the Reduction of Subsidies
This agreement serves a similar purpose as the previous one, but rather than reducing import tariffs, seeks to reduce and eliminate subsidies on all products, thus creating a fair market for all.

Annex 1C - The International Agreement on the Protection of Intellectual Property
This agreement protects individual's creations, in the form of copyrights, extending over all members.

Annex 1D - The International Agreement on Commercial Flight
This agreement protects the freedom of commercial airspace, landing rights and international traffic routes between the members of the WEO, the purpose of which is to create an effectively common commercial airspace.

Annex 1E - The International Agreement on the Establishment of Exclusive Economic Zones
This agreement protects the oceans on Scandia.  It is in the interest of both fair trade and wildlife protection that oceans are exploited economically in a responsible way.  The oceans are therefore to be shared equally and exploited fairly by all nations in equal shares.