International Trade Zone: Difference between revisions
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The ITZ facilititates transactions between entities in goods, services, and currencies through it's centrally managed Trade Zone Financial Commission in cooperation with the Tamerlaine Central Bank. The Zone provides frameworks for negotiating deals, exchanges, [https://en.wikipedia.org/wiki/Mergers_and_acquisitions mergers], [https://en.wikipedia.org/wiki/License#Trademark_and_brand_licensing licenses], and leases, and has specialty offices to work with private individuals, corporations, and governments. The usage of the ITZ as a third party ratifier can help entities avoid excess fees usually associated with international business. The policies of the ITZ prevent discrimination or unevenly-weighted transactions but may make exceptions for issues such as sapient rights, national security, or other contentious issues.
The headquarters of the ITZ are in the city of Tamerlaine on Abrus island, and include the Trade Zone Bureau of Function Building and the International Business Park. The Oversight Comittee meets at the beginning of each [https://en.wikipedia.org/wiki/Fiscal_year financial quarter], but can be called to session by any seated member company. Day-to-day operations in the ITZ are handled by the Bureau of Function, a body staffed by specialists from each resident corporation and personnel from the Tamerid government. The budget of the ITZ is roughly $100 billion International Trade Dollars, a fiat currency used within the Zone's borders that is [https://en.wikipedia.org/wiki/Fixed_exchange_rate_system pegged] to the [[South Hills]] Standard Hawking Dollar. This budget is a combined value of the operating profits of the Oversight Committee companies and membership fees from all resident corporations. Currently, the ITZ hosts
The ITZ is commonly credited for the wealth boom in Tamerlaine over the past three decades since it evolved from the Tamerlaine Trade and Regulation Act of 1990. The Zone requires that all major companies that earn more than $100 million in net profits contribute 20% of it to taxes and to subsidize infrastructure and other resources that they make common use of. In return for these contributions, companies are allowed to set their own regulations and operate on any owned land in the Zone free from oversight. This relationship has attracted many businesses from abroad and propelled Tamerlaine to a top spot among investment and shipping destinations. Critics of the ITZ suggest that the citizens of the Tamerid islands no longer have a say in their governance and that the corporations have used the sweeping powers afforded to them in the Zone to act as the ''[https://en.wikipedia.org/wiki/De_facto de-facto]'' government of Tamerlaine. However, the ITZ Oversight Committee remains ostensibly subordinate to the Republican Forum and President of Tamerlaine and are required by national law to abide by decisions made by these officials.
== Member Corporations ==
The International Trade Zone has
The current Oversight Committee members are:
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* '''AgroTitan, Limited''' - Own and operate local agriculture and [https://en.wikipedia.org/wiki/Aquaculture aquaculture] facilities, including a large portion of the Tamerid fishing fleet. Twelfth-oldest ITZ company, currently in the process of acquiring foreign genetics firm Intorch to study genetically-modified crops. Responsible for maintaining a quality supply of foodstuffs for domestic consumption & export.
* '''Quill Defense Contractors, Incorporated''' - Own and operate the Tamerlaine Quill Annex and associated storage, manufacturing, and research facilities as well as the cargo terminal and dock, airfield, and logistics center at South Point on Khalden. Subsidiary companies Quill Tactical Systems and Quill Engineering operate various R&D and manufacturing plants on Abrus and Samar. Thirteenth-oldest ITZ company, and currently in the process of acquiring dock space and airstrips on all islands. Responsible for terrestrial and air security for the entire ITZ, as well as the nautical security of Samar and Huysan. Replaced TamerTac Security as premiere [https://en.wikipedia.org/wiki/Security_company private security] and defense company.
Other companies not a part of the Oversight Committee but working on improving their investments and operations within the ITZ ,with the objective of applying for a seat, include:
* '''Heartline''' - Subsidiary company under the [[Gusanaszna]] Export Company. Operates private for-profit hospitals and pharmacies in the ITZ in direct competition with BioSupra Pharmaceutical. While a majority of the medical research and assets are produced in Gusanazna, Heartline offers top-of-the line medical services as well as technologies and full-service hospitals.
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