Notice is hereby given of the organizational meeting of the Central Atlantic Free Trade Association ("CAFTA"). The recent readjustments in national boundaries could mean that some formerly internal trade now crosses international frontiers and thus could be subject to duties, especially as new countries find that this is seemingly the easiest way to raise revenues. This is terrible policy as it encourgages smuggling, which leads to corruption and disrespect for the legal system, and worsens the welfare of both consumers (causing inflation) and producers (causing unemployment). The objective of CAFTA is to maintain duty-free and open trading relationships between all residents of the island of Eutopia, together with any other neighboring countries/islands that wish to participate. Accordingly, the minister of trade or the equivalent from each government is accorded membership. Active merchants can join the advisory board.
Loic de Fourgéres, Provisional Chairman
Loic de Fourgéres, Provisional Chairman