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Trade Federation: Investor and External Relations - Printable Version

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Trade Federation: Investor and External Relations - Alexei B.Miller - 26.08.2019 20:25

(Trade Federation Seal)

Trade Federation Investor and External Relations

The Trade Federation announces that it is transforming into a publicly listed corporation. The company is issuing 236,735,129 outstanding shares at current market value. The Trade Federation Monarch controls 50% plus 1 share which is held by the apolitical Bureau for the Management of Sovereign Properties which manages the assets of the Imperial Estates.

Purchasing shares of the Trade Federation gives the shareholder voting power in the annual General Shareholder meeting in which the Board of Directors is elected which in turns appoints the TF Management Committee. The Viceroy of the Trade Federation also dual serves as the Neimoidian Executive and as such is not voted in by TF shareholders based on the Koto-Si Compromise.

Investors should place an order for the amount of shares they wish to purchase below and verify that share price of the shares as listed on the Neimoidian embassy trade board. We will then confirm the order and you will be instructed to transfer the appropriate amount of credits to the Trade Federations Directorate of Credit. Until the funds are received by the DoC you will not receive the voting power needed to make changes within the Trade Federation nor receive special oversight privileges as a shareholder.

Selling shares are permissible at will but can only take shape via alliance transfers. State to state transfers are permissible once every two weeks and come with a 25% penalty that is deducted from the valuation of the share sell. State to state sell off also require a minimum sell off at least 100 billion credits of shares due to the AP cost involved. The Viceroy can also delay state to state transfer of sell off pending the TF's AP reserve for security and continuity of operations purposes. Investors who receive a TF imposed delay and meet the once a month condition and the minimum share transfer criteria will be compensated an additional rolling 5% of the value of the transfer every week the transfer is delayed for the inconvenience rendered.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 27.08.2019 17:44

We have eased CAPEX spending in order to provide a higher social welfare. Due to fluctuations in exchange rates we expect the 5 year capital outlay program to continue as scheduled. The Federation has exited its structural deficit and as is expected to resume a technical surplus soon. At the conclusion of the Five Year CAPEX Plan residents will see a tax break worth 15 billion and will see new spending on defense, infrastructure, education, and healthcare worth 15 billion annually. This 30 billion credit reinvestment back into Neimoidia will support enormous short and long-term growth potential.

The Trade Federation Directorate has approved the creation of an centralized international holdings entity which will be used to better conduct contracts and agreements with large international entities. The internationalized entity will be directly overseen by the Viceroy and not subject to shareholder influence or oversight. However reports will be public on the revenues transferred from TF properties to the international holdings entity. This entity will be completed in less than a year.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 30.08.2019 15:19

Alert: Emergency Intervention Underway in Deko Neimoidia

After failed talks the Trade Federation has decided to move its forces into Deko Neimoidia. The Trade Federation colony had decided it would not allow Bancia to incorporate the region into the hierarchy of the TF, the Federation offered to wipe the regions debts over a period of time as it undertook meaningful integration attempts.

The region then failed to taxes and loans due back to Bancia and then attempted to nationalized Neimoidian assets in the region and oust authorities from Bancia. Now the armies of the Trade Federation are forced to intervene to maintain stability in the region fraught with chaos. The campaign will likely not be short lived as Bancia battles rebel forces in the thick brush but promises to replenish ranks and beef up the military presence on the continent in general.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 03.09.2019 23:00

Viceroy orders the suspension of share trades

Nute Gunrsy has ordered the Bancia Exchange to halt trades of NTF Neimoidian Trade Federation shares early Tuesday. The move comes as the Trade Federation winds down its intervention in Deko Neimoidia which has proved costly and sagging public popularity as the Neimoidian economy fails to exit recession after a year of largely ineffective stimulus measures.

Nute Gunray has not declared an emergency and remains confident the Trade Federation will survive the recent downturns due to low levels of debt healthy AP reserves. His objective is taming the public debt and deficit as the Trade Federation prepares to return a mammoth 200 billion credit loan to Japan in the next few years. Straightening out Deko Neimoidia’s large debt will also be a top priority for the Managing Committee.

The Governing Directorate is expected to continue increasing the state budget to the highest levels ever as Neimoidia battles its first recession with furor.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 05.09.2019 18:53

Trade Federation prepares to reduce defense budget as global threat level recedes

Bancia reports that for the first time in its history its preparing historic cuts to its defense budget. The funds will be redirected from the military to servicing the company debt. Bancia has expressed tremendous gratitude for Japan in forgiving the loan to Bancia. The Trade Federation will direct these funds due to bail out Deko Neimoidian institutions.

The Federation has been rocked by economic stagnation as its South American economic partners face continued collapse. Company officials have battled the ongoing downturn with a series of largely ineffective stimulus measures and a recent ATO which threatened to end the TF's governance over the region due to the low popularity of the military operation.

An extensive and costly operation to restore confidence in the government is underway. The Trade Federation Viceroy Nute Gunray has pleaded to the citizenry and businesses alike to continue to have faith in his leadership as the economy begins to stabilize after the recent stimulus measures are winded down. The Neimoidian economy dropped below 700B credits as Phase II of the State Strategic Armaments Program was winded down. Controllers are refusing to re-include Deko Neimoidian GDP figures into the total national figure until the two economic systems are stabilized and harmonized. Viceroy Gunray stated that we wanted to keep Deko Neimoidian debts separate from Neimoidian to maintain investments into the Trade Federation.

The Trade Federation will issue 200 billion credits in debt relief to Deko Neimoidia sister company's. The tremendous debt load the company is taking on could potential stifle the 3YR Capital Outlay Program but will not effect the efforts to boost social welfare, education, and anti-corruption efforts.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 09.09.2019 22:01

Directorate of External Relations
Bancia, Neimoidia

Trade Federation representatives begin ascensions talks

The Trade Federation has started talks on ascending into a larger international political entity. After the stabilization of the political and economic system recently, Viceroy Gunray is seeking to protect long-term prosperity by attaching to a stronger and more reliable partner.

Neimoidian negotiators have hinted that they would not hand over national sovereignty and would offer diplomatic and military cooperation in exchange for meaningful economic assistance from the prospective alliance partner. The Trade Federation offers the most substantial position in South America with largest Armed Forces and the second largest economy. The Federation offers any prospective alliance partner a strategic gateway to the Americas whose unrivaled infrastructure advantages offer unparalleled access to continents economies.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 11.09.2019 03:05

(Marla Tuuk - Governor of the Credit Directorate)

"We will ensure the liquidity of Deko Neimoidian financial markets.." - Marla Tuuk

Credit Directorate proceeds with bold policy in Deko Neimoidia to tame fears of insolvency

Bancia, Neimoidia

The head of Neimoidian finance Marla Tuuk took to reporters to ensure markets that her Directorate has already formulated and begun implementing bold steps to tamper down on Deko Neimoidian liquidity fears. The move comes largely as Deko Neimoidian GDP figures showed a dramatic acceleration of growth and a meaningful slide in debt to GDP ratio.

The Deko Neimoidian government's structural deficit are completely within the Credit Directorates ability to reverse. The structural deficit being a mere 12 billion credits will be covered with a combination of large tax increases and dramatic reductions to the overblown subsidies and welfare budgets. The Credit Directorate will also begin stimulating the economy in the face of tax hikes with well placed and targeted reductions to interest rates.

"We expect the fundamentals to balance out. Yes while taxes may place higher pressure on the economy especially as subsidies are reduced we expect the largest aspect of the stimulus measures to come from the reduction of interest rates. Right now we see that the tax burden on Deko Neimoidia is still relatively low enough to sustain additional increases. Before the Credit Directorate issues a so called bail out of Deko Neimoidia we must see the regions ability to sustain its finances after a bail out be successful without intervention. However we don't even believe that Deko Neimoidia will require a full bailout just a reduction of debt load sufficient enough to create a budget surplus. This may mean the Credit Directorate may need to issue up to 300 billion credits of debt relieve to Deko Neimoidia over a period of time."

The Credit Directorate is still working to clean up the balance sheets of Pure Neimoidia as the Trade Federation government recovers from the worse recession on record so far. Currently the Credit Directorate is hoping to reduce Pure Neimoidia's debt to gdp ratio to 10%-15% before issuing the multi-billion credit bailout to Deko Neimoidia. Advanced calculations will need to be made to ensure that both Neimoidian territories will be able to produce surpluses immediately after the transfer. The Credit Directorate was directed by the Governing Directorate to implement its worse case scenario plans as the Trade Federation's attempts to gain an international bailout have floundered. The Directorate of Economic Development and the Directorate of External Affairs have been working hard to secure financing, Japan has hinted it would be willing to continue its investment in the Trade Federation. The Federation is preparing a delegation to travel to the LoN to request a bailout in exchange for the Trade Federations extensive cooperation in the Darmstadt Crisis as well as the unprecedented support provided during the annexation of Panama.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 12.09.2019 18:14

Directorate of Credit
Bancia, Neimoidia

The initial results of the first wave of reforms for the Neimoidian public finance and fiscal markets have been as expected. The reforms have wiped 25 billion credits off the Deko Neimoidian budget deficit. The move did cost the economy nearly 5% of lost growth last quarter, a small price to pay for long-term fiscal health. Deko Neimoidia will continue to wind down its tremendous spending on subsidies and social welfare to reduce its massive deficit while boosting spending in other productive areas of the economy such as education, defense, and infrastructure development.

The Credit Directorate did record a spike in inflation the last quarter. However the already 'higher' interest rates did their part to arrest the true inflationary potential of the tax hike had Deko Neimoidia already maintained low interest rates. This goes to prove that the Directorates managed approach to rate reduction will be crucial during this reform process.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 12.09.2019 23:45

(Viceroy Gunray confers with Trade Monarch Rex)

Trade Federation seeks to develop relations with League of Nations

"As the world crumbles around us, we must set aside our differences to secure mutual interest" - Viceroy Gunray

Viceroy Gunray has ordered the Directorate of External Relations to extend all pleasantries when receiving future Delegations of the League of Nations. The Viceroy increasingly more open since the Darmstadt Crisis and the Liberation of Panama has requested the Burmese Ambassador representing the powerful LoN organization within the TF to talks on a TF - LoN Free Trade Agreement.

The powerful Trade Federation Viceroy also restored diplomatic recognition of the LoN to its highest levels. While the Viceroy stopped short of declaring the Federations intention to join the LoN, rather he further stressed that Japan first and foremost would remain as Neimoidia's strategic partner. Nute Gunray will motioned to the Japanese Empire to reform its alliance structure so the Trade Federation would consider joining. This would immediately bolster the commercial positions of both nations.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 16.09.2019 17:31

(Maarla Tuuk - Governor of the Credit Directorate)

Credit Directorate Governor Maarla Tuuk wins Central Banker of the Year Award

Credentia, Deko Neimoidia

The Norwich Association of Central Bankers have awarded Neimoidian Credit Directorate Governor the Central Banker of the Year Award. The outstanding prize comes as Mrs Tuuk took the sagging Neimoidian economies by the horn and turned them into cash cows and highly reformed in the case of Deko Neimoidia which has reduced its state deficit by 63% in just two years.

Mrs Tuuk whipped inflation by marginally reducing the regions already elevated interest rates. On top of maintain firm control over the rates, she hiked taxes and dramatically slashed spending on the regions bloated social welfare programs and subsidies and required the regional authorities to distribute the spending to other productive areas of the economy to even begin to qualify for a federal bailout.

Ultimately the Deko Neimoidian debt to gdp ratio continues to shrink even despite the state debt continuing in the negatives as the regions GDP continues to sharply uptick. Bancia as said it would approve a partial bailout of Deko Neimoidia in order to help the region further reduce its debts. Neimoidian annual profits are between 40 and 50 billion credits which marks a complete turn around in the regions fortunes. Even with a 300B credit bailout Bancia would continue to enjoy handsome profits and both Neimoidian regions will be better off financially.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 17.09.2019 21:31

Trade Federation to resume meaningful increases to defense budget

Neuportia, Neimoidia

Responding to comments that Neimoidia was losing its relative competitiveness against other global powers the General Staff of the Trade Defense Forces had elected to begin increasing the size of the military after a long pause. This comes as regional rival New Silesia attempts to eclipse the Trade Defense Forces as the continents largest armed forces.

There is little to worry about in regards to New Silesia, the country is incapable of surpassing the battle hardened TDF. The General Staff has recommended the Governing Directorate increasing funding to the TDF by at least 2 billion annually for additional procurement and recruitment, and by fully developing an independent nuclear production and delivery industry within Deko Neimoidia and expanding the Pure Neimoidian arsenal into a global deterrent.

Pundits argue that the current geopolitical situation is peacefully oriented towards Neimoidia at the moment. The General Staff insist that this won't last unless Neimoidian military potential matures further. Critics further lament that the massive defense increases are what led to the near collapse of Neimoidian statehood and the nations first ever recession. They continue that the Trade Federation should remain as its name suggest a commerce oriented society, still one can argue that in order for the Federation to protect its wealth it will eventually need to heavily invest in its security against.

Viceroy Gunray has suggested we begin funding some lower cost recommended enhancements such as force strength, and some R&D ventures, as well as needed upgrades to the industrial capacity to produce the latest defense research successes at a greater scale. This would lead us to begin funding big ticket nuclear expansions once the Neimoidian economy is larger and Bancia commit to projects while also pursing other important economic goals at the same time.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 23.09.2019 15:23

(Maarla Tuuk - Governor Credit Directorate)

Pure Neimoidian debts wiped, Deko Neimoidia successfully improving financials

Credentia, Deko Neimoidia

The overall financials of the Neimoidian Trade Federation are better than they were since before the Koto-Si Compromises. The federal budget maintains a strong surplus, and the Credit Directorate is now able to place these funds into its accounts to provide ammunition against future downturns or other lofty state projects. The Governing Directorate has agreed to the latest round of stimulus suggested by Viceroy Gunray to inject fresh new spending into budget and also issuing a modest tax cut.

The Credit Directorate recommends that Pure Neimoidia not maintain larger than a 40 to 60 billion credit budget surplus. This is because while building up liquidity is important providing the conditions for maximum natural economic growth is even more important. So instead of having a surplus over 60B credits the Governing Directorate should issue a tax reduction or increase spending by the appropriate amount to maintain the maximum surplus practice. Bancia could also begin regularly transferring to Deko Neimoidia the difference of its balance sheets to help the region recover faster from its financial crisis.

Regarding Deko Neimoidia, the Credit Directorate issued another and final wave of tax increases and changes to the Deko Neimoidian budget. This risky move comes the Deko Neimoidian budget deficit bottomed out at -11B credits before slowly increasing to the current -15B credits. While this still represents historically low levels of deficit, the trend of increasing the deficit is not welcomed. As such Credentia took steps to address this as Bancia and Osaka negotiate the terms of an investment deal which will see a massive increase of Japanese investment in the Trade Federation jump many times over.

The Credit Directorate is working hard to resolve the final stages of the Deko Neimoidian financial crisis in a manner which mildly effects the stability of the state and the economic markets of the region as Deko Neimoidia is an important transit node for the continents internal trade and transcontinental movement of goods.

RE: Trade Federation: Investor and External Relations - HUNDmiau - 23.09.2019 15:42

Dear Represemtatives of the Trade Federation,

I, Prime Minister Emilio Francesco Júandez, speak here on behalf of our beloved King Ernesto I of the Socialist Kingdom of Majiandas, to bring an important message to the Trade Monarchy.

Long have our both nations prospered under mutually beneficial trade agreements and good relations between our people and our monarchies, though the role of the monarch differs widely across our both great kingdoms.

As such, to foster even greater cooperation and even better relations between our two nations, his Majesty King Ernesto I has given his complete backing to the purchase of no less than 50,000,000 shares in the Trade Federation. We believe that in order to safeguard the socialist world, we must safeguard our closest allies and protect their indepence from the forces of evil that lurk in the dark. From those who seek not to generate prosperity for all, but destruction of mind and body of this world.

We await your answer and your offer for the sale of roughly 20% of the shares and hope our good relation and trade deals will help you coming to an acceptable and reasonable price for this once in a lifetime event.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 23.09.2019 16:31


The Bureau of Investor Operations has approved the sale of 50M shares of the Trade Federation. At the current share price of 3,985 per share this totals 199,250,000,000 billion credits payable to [Deko Neimoidia] and this will be processed by the Credit Directorate Inter-bank Operations Department. As Deko Neimoidia is a wholly owned subsidiary of the Trade Federation this method of payment settlement has been approved by the Governing Directorate, however this does not guarantee access to shares of Deko Neimoidia.

While the strong fundamentals of the Trade Federation do warrant the market rate listed above, Bancia has determined that the strong markets of your country do not warrant a discount. Your fiscal reserves of 13 trillion are sufficient to execute this transaction without assistance from the Credit Directorate of the Trade Federation.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 24.09.2019 20:57

Directorate of External Relations
Bancia, Neimoidia

The Trade Federation will be increasing its relationship with the Divine Alliance even if the proposal to purchase 50M shares in the company is altered or falls through. The Neimoidian Trade Federation seeks expansive relations with mostly non-LoN states and organizations. However the Federation does fully cooperate with LoN officials on most topical international matters.

The Trade Federation seeks to redevelop its economy based on the format of a multilateral development. Due to the lack a free trade agreement with the LoN we have decided assign preferred trade partners with all global states outside of the LoN organization. We do hope to ink a free trade agreement with the LoN at some point in time in the future.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 25.09.2019 21:16

(Neimoidian Viceroy Nute Gunray)

Trade Federation to lead non-LoN nuclear pact

"This is a preventative step meant to avoid a fatal miscalculation from any aggressor." - Gunray

Credentia, Deko Neimoidia

The Trade Federation is preparing to finalize the important details on a global nuclear weapons sharing agreement. The deal does not currently include every non-LoN state and alliance but will be offered to those states as well. The premise of the agreement is essentially collective security by means of overwhelming nuclear deterrence.

The nations and alliance within the agreement, have determined they will provide their atomic arms in response to a strategic attack against one or all nations within the pact. Naturally this agreement is not directed towards any one party or a series of entities. The agreement only provides smaller alliances, and independent states the ability to develop peacefully without having to shoulder the tremendous cost of maintaining massive armed forces when they expend the one time costs (although tremendous) of an offensive nuclear program and the offending entity can rest assured that although they may take the country in question their cities and citizens will burn in the process.

The agreement currently covers the sharing of nuclear weapons and will likely be expanded into a full collective security organization in the coming years. The Trade Federation itself has committed to completing its nuclear program and expanding its program to Deko Neimoidia once the region recovers from its financial crisis.

Bureau of Investor Operations completes negotiations with Majiandas

The BIO has completed its negotiations with the Socialist Republic of Majiandas. The exact details of the financial transactions have not been disclosed but in addition to agreeing to the share price listed, the Socialist Republic has agreed to invest tremendously in the Trade Federation. Majiandas will now be able to participate in the General Shareholders Meetings and will now be entitled to specifics of corporate states financials and other relevant investor information.

The BIO has also agreed to allow the country to appoint 3 non-voting directors to various Trade Federation boards within the Governing Directorate and 1 observer executive to the Management Committee. This will be the first foreign presence within the Trade Federation's and Neimoidia's political system. Majiandas has not indicated what sort of policies it would like the TF to begin implementing but its booming economy plus 21% stake in the TF is sure to benefit both parties.

Deko Neimoidia GDP surges to 400 billion credit mark

The Trade Federation integration of Deko Neimoidia is showing additional signs of success as the regions economy finally tops 400 billion credits the highest its ever been! As Deko Neimoidian GDP increases its debt to gdp has reached historic lows dropping 23% to 160% of GDP. The success of this work has been accredited to the Credit Directorate and the TF's regional economic planning officials in Deko Neimoidia.

Bancia no longer considers the regions economy or finances to be in crisis. The final steps to be taken will be to initiate transfers from Bancia to Credentia to begin directly paying down on the regions tremendous debt obligations. Credentia always maintains a technical budgetary surplus but is still weighted down by the interest payments on the debt. However the Credit Directorate cannot simply slash rates to solve the regions issues as the current interest rate helps to control inflation. Since ultimately the Trade Federation maintains adequate annual revenue to cover all its debts, the best solutions has always been to allow Deko Neimoidian growth to outstrip its debts while Bancia takes a proactive wait and see approach in terms of a fiscal intervention which currently seems unnecessary.

Trade Federation mulls lifting commercial transit restrictions against Bolivia

Bancia is studying the impact of lifting the commercial transit ban on Bolivian freighters through Neimoidian territory. Currently Bancia requires Bolivian overland commercial goods to stop on border and transfer goods to Trade Federation overland haulers. This move came as a security precaution against LoN actions against the TF. However years of sustained peace and sporadic cooperation no longer warrant the security threat.

However there have been specialized markets formed based on this practice. Neimoidian overland haulers now relay on this to stay afloat especially as Bolivian exports surge as its economy booms. The number of cargoes to transport to international markets is only set to increase. In order to slowly phase out this practice Bancia will implement a slow walk by first repealing the restrictions against rail freight, and then 5 years after that we will drop the restrictions against vehicular freight. Instead inbound Bolivian freighters and trains will have to pay a per mileage tax for road and rail usage and a port access fee. Bancia has not finalized the decision on if it will allow Bolivian access to the Transoceanic Highway but has stated if Sinitard allows access to the system that Bancia could block access to western bound shipments in this case to all freights or even dam the river systems in a worse case scenario.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 30.09.2019 15:00

Directorate of External Affairs
Bancia, Neimoidia

Trade Federation issues harsh rebuke of recent CPC decision

The Governing Directorate showed its displeasure of the CPC recent decision to desperately retain its imperialist ambitions in the independent continent of South America by appointed Bolivia as the alleged protecting power for the region. The power hungry World Leader said the basis of this decision was due to Bolivia’s status as the region largest economy.

However Bancia wonders how it expects Bolivia to serve as a protecting power with a military three or four times smaller than the Trade Federation, a vulnerable nuclear component that will soon be outstripped AGAIN by the TF, and an economy while impressively large is extremely vulnerable as 80% of its exports are reliant of the heavily developed commercial corridors through Neimoidian territory. While Bancia profits from this trade and flow of goods from Bolivia, we could easily replace Bolivian products on our market in the unlikely event of some trade dispute or embargo. However Bolivia would be quickly fall into poverty being landlocked without access to the world economy via Neimoidia.

Unfortunately for the LoN Sinitard has committed to an independent foreign policy and Bancia has decided to invest billions into development of trade infrastructure via the Trans Oceanic Highway and other aviation and road/rail projects. We have for the time being not included Bolivia in west bound infrastructure projects towards Sinitard. Further developing rail and road projects through Sinitard from Bolivia would violate the World Leaders environment scheme and thus Bolivia will continue to rely on the Trade Federation for its “vaunted” economic power.

Bancia’s plans to economic supersede Bolivia are gaining momentum. The Trade Federation Viceroy Nute Gunray recent surge in popularity have given him a fresh mandate to ensure the organizations economic success. A massive stimulus plan is underway meant to jolt the Neimoidian economy into double digit growth. Currently Bancia’s GDP is just half of Bolivia, planners are striving to reach parity with Bolivia within the next 3 years through a series of intensive federal investments, tax cuts, and spending hikes in the strategic sectors of the economy. The Trade Federation is also expected to lure in more foreign capital which will further drive this impressive growth initiative.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 01.10.2019 16:52

Directorate of External Affairs
Bancia, Neimoidia

Trade Federation establishes international holdings to consolidate global operations

Viceroy Gunray after receiving newly expanded executive powers ordered the creation of an international holdings organization to house the Trade Federations various political entities as well as other allied governments.

The new organization called Trade Federate (short for Trade Federation) is designed to help circumvent some illegal attempts to pressure independent states and alliances into policies which do not fit them. The Federates primary objective is to secure the economic national security interest of its members and fulfilling collective security obligations to its other treatied allies.

The Trade Federations prior international obligations extents to current and future members of the Trade Federate.

RE: Trade Federation: Investor and External Relations - Alexei B.Miller - 03.10.2019 13:46

Directorate of External Affairs
Bancia, Neimoidia

Trade Federation pauses brisk pace of economic reformation

Viceroy Gunray has ordered the pace of reforms to the Trade Federation be slowed down seeing as the numerous reforms being pushed through is triggering regulatory confusion and triggering instability in some areas of the economy not yet mature enough to handle the reforms.

Bancia has ordered special protective measures for the protection of state integrity in Deko Neimoidia and is keep an extremely close eye on Pure Neimoidia. Experts agree that Deko Neimoidia's economy was entirely too small and underdeveloped to handle the pace of reforms while Pure Neimoidia is itself barely mature enough to successfully absorb the reforms being pushed through.

The regional administration in Credentia has sufficient AP reserves to defend its position but will await a survey of the public mood in the coming months to avoid burning through valuable AP. Bancia on the other hand seems to be safe for now and will continue business as usual minus the reform train.