Kit Free Trade Agreement

The Kit Free Trade Agreement (KFTA) is a trade policy passed by the Kit High Council in Year 175 that affects all Kit Republic planets and moons. It was passed in response to the trade boycotts of the Steel Kit Independence Movement.

Origin
The Kit Industries and the Earth Kit economies are suffering heavily under the trade boycotts of the planet Z13O2LP, the site of the Steel Kit Independence movement. The Kit High Council held another vote concerning the independence of the Steel Kits. Shadow Kit, Tree Kit, and Hydro Kit voted in favour of Steel Kit independence, and Kit, Hanzo Kit, and Fort Kit voted against Steel Kit independence.

Because the economic problems caused by the movement continue to be an issue for the Kit Republic, Fort Kit proposed a trade deal to increase the amount of trade within the Kit Republic. Tree Kit and Hydro Kit voted against the trade deal, and the other Kit Lords voted in favour of the deal.

Policy
The KFTA creates a preferential trading system where all goods manufactured within the Kit Republic must be available for sale on all Kit Republic planets. The price for non Kit Republic manufactured goods is taxed at an extremely high tariff. Kit Industries goods are exempt from this tariff.

Goods manufactured on planet Z13O2LP are now required to be sold to all Kit Republic planets, and many Steel Kits are choosing to purchase Kit Industries technology instead of goods from companies like GuBu Tech due to high tariffs.

The KFTA is currently being challenged by the Steel Kit's Freedom Association. An appeal to repeal this trade policy has been made to the Justice Department, and Suit Kit has announced the intention to defend the Kit Republic.