Zalae Protocol on Free Trade and Commerce

The Zalae Protocol on Free Trade and Commerce is a treaty proposed during the Non-Aligned Movement for Peace and Prosperity Summit (NAM), aimed at promoting free trade and commerce among participating nations. While the treaty itself was not signed and ratified by any attending nation, its principles were adopted by many countries through individual bilateral trade deals with Caputia.

Text of the Treaty

THE ZALAE PROTOCOL ON FREE TRADE AND COMMERCE

1657 AN

Zalae, Caputia

THE UNDERSIGNED PLENIPOTENTIARIES, in the name of their respective Governments:

• WHEREAS We are committed to forge an improvement in the standard of living of people of the world, leading to higher production, higher consumption, and higher all-round international prosperity;
• WHEREAS We believe that lowering barriers to trade and commerce between our nations promote international peace and stability through economic and political cooperation;
  
  

DECLARE:

• That the High Contracting Parties accept to work together whenever possible to lower trade barriers with each other and express their determination to resist protectionist pressures of all kinds. The High Contracting Parties undertake, with immediate effect, not to take any trade measures that would undermine or adversely affect the advancement of free and open trade and commerce between themselves.
• That the High Contracting Parties confirm their resolution to strive for greater global coherence of policies in the fields of trade, money and finance, including cooperation between themselves for that purpose.

Signatories and Ratifications

There were no signatories or ratifications of the Zalae Protocol on Free Trade and Commerce during the Non-Aligned Movement for Peace and Prosperity Summit. However, the principles of the treaty were adopted by many nations through individual bilateral trade agreements with Caputia.

See also

• Non-Aligned Movement for Peace and Prosperity Summit
• Zalae Declaration of the Non-Aligned Movement
• Zalae Convention on Biological Weapons