It has always been the tradition of the Verdenese people to protect and secure mutually beneficial exchange and trade. However, we have come to the conclusion that the resolution on "National Economic Freedoms" is insufficient for ensuring that the right of member nations to engage in mutually beneficial trade and commerce with other nations is protected or adequately defined.
In the interest of promoting international consensus with regard to the rights and responsibilities between nations of differing modes of production to conduct trade and commerce which will be mutually beneficial to each party and respectful to their differences in matters of law, the People's Republic of East Verde calls for the repeal of General Assembly Resolution #68, 'National Economic Freedoms.
Once this legislation is repealed, it is the intention of East Verde to begin drafting replacement legislation with the following goals:
- 1. To specify the right of each member nation to determine the mode of production within their sovereign territoriy.
2. To specify the rights of member nations to negotiate mutually beneficial trade
3. To prevent member nations from denying or obstructing the process of trade and commerce to other member nations without just cause
4. To carefully define the responsibilities member nations have to ensuring that commerce between nations is protected within their territory
With this in mind, we request that our fellow member nations review and offer consent, concern, and corrections regarding our proposal to repeal.
The World Assembly,
ACKNOWLEDGING the need for commerce to be both encouraged and protected by international law,
NOTING, however, that Resolution #68, “National Economic Freedoms,” defines commerce in ways which may be confusing and unclear,
DISSATISFIED that the provision that member nations compensate “individual[s], groups of individuals, or national governments for any physical property money seized by [member states]” does not specify how the compensation is to be made, nor how the value of that compensation is to be determined,
BELIEVING the provision requiring individuals (etc.) be compensated for seizure of monetary funds mandates that the value of any funds seized be immediately returned to the individual, amounting to a ban of seizing monetary assets in not so many words.
ALARMED that the Impartial Mediation Foundation established in the above resolution is vaguely empowered to “investigate, mediate, and arbitrate ANY conflicts that arise,” with no reference whatsoever to the purpose or ends of such mediation, the means by which investigations are to be conducted, the process by which arbitration is to be requested, or its jurisdiction in regards to commerce,
BAFFLED that no provision exists for the IMF rulings to be held, in any sense, binding on member nations
DISMAYED that the provision preventing the general restriction of commerce by the World Assembly prevents the use of economic embargoes and trade sanctions by the World Assembly against rogue nations should the need arise,
CONVINCED that the resolution involves the World Assembly in dictating affairs of internal economic regulation to member states to an unnecessary degree,
RESOLVED to enact further legislation that will set clear and binding standards on international trade and commerce with regard to the rights accorded to member nations,
HEREBY REPEALS General Assembly Resolution #68.
