According to my Decree No.3, approved by 74% of the Parliament, we are now implementing a new international trade reform which includes:
+Tariffs for Import goods: Since our UK thrives through trade, we implemented these import tariffs:
- Luxury goods: 8%, 10% for bulk orders (goods quantity equal to and more than 2 tons)
- Common consumers goods (except for electronics): 6%, 8% for bulk orders
- Electronics consumers goods: 5%, 7% for bulk orders
- Raw materials: 4%, 6% for bulk orders
+Duty for Export goods: Though we are not producing much raw materials, we are a strong powerhouse of manufacturing high quality products. Therefore our export goods will be accompanied by some duties:
- Luxury goods: 5%
- Consumer goods (not including electronics): 4%
+Extended boarding period: Due to the nature of our logistical and bureaucratical system, we will extend the boarding period of each ship to 2 days and 12 hours instead of just 1 days like before. This is for more effeciency in loading and unloading cargos as well as refuelling and resupplying.
+New Trade Pact: In order to stimulate our foreign trade, we decided to roll out new trade pacts:
Free Import Pact: Every nation who signs a "Free Import Pact" (FIP) with us will be granted the right to sell their products into our nation without paying any tariff. Moreover, they shall be priviledged to enter our port with just a week notice and a reserved position for 7 days period (usually must be a month notice and just 3 days reservation). They shall be your given rights as long as you give us 3% discount for your goods and 5% discount for bulk orders.
No Duty Export Pact: Every nation who signs a "No Duty Export Pact" (NDEP) with us shall be granted the right to buy our products duty-free. The Port rights shall be as the same as the FIP.
Trade Stimulation Pact: Every nation who signs the "Trade Stimulation Pact" (TSP) with us shall be priviledged to pay only 30% of the current tariffs for the import goods and 40% of the current duty for the export goods. You shall also be allowed to give us a 2-week notice before arriving and your position shall be reserved for 5 days.
+Notice: Every nation is allowed to sign only one trade pact with us, but many trade contracts can be made.
