Seleyan Economic Area

The Seleyan Economic Area (SEA) is an agreement initially signed by six states in northern Seleya: Keymon, Lodamun, Likatonia, Saridan, Mordusia, and Rildanor. Established in 4509, the agreement is primarily economic. In addition to trade provisions, the agreement also addresses matters of legislation.

History
The Seleyan Economic Area was founded to gurantee economic cooperation in the Seleyan Continent. The original creator of the treaty, the Keymon Republic, stated the intent of the SEA was to “gurantee the economic stability of the continent”. However the former president of Keymon has stated the main goal of the SEA treaty was to fight against foreign powers.

Objectives
The primary aims of the Seleyan Economic Area treaty are economic. The agreement was intended to reduce barriers to trade between the nations of Seleya for their economic benefit. On top of that, there was the explicit intention of increasing the level of political and economic integration between the economies in order to promote further cooperation in future and encourage peaceful relations between the member states.

The SEA agreement was intended to encourage harmonious relations between member states in two ways: by explicitly encouraging economic ties and by recognising the sovereignty of one another.

Provisions
The Seleyan Economic Area treaty contained provisions regarding an institutional framework for the organisation. The current structure of the organisation is based on the government of the Keymon Republic, in which there is a legisly decisions taken by member states and has developed largely by convention. While there is no official administration, the de facto leadership of the Community lies with its founding state Kalistan. Furthermore, it has frequently been suggested that Kalistani governments have been the most committed to further integration within the grouping. In recent years, this has largely been perceived as a response to the predominance of the Northern Council military alliance.