Editing International Monetary and Trade Organization (section)

== International Trade Association ==
The International Trade Association (ITA) is the oldest and largest of IMTO's organs, established in 1993 as the organization's founding chamber.  The ITA's founding purpose was to lower or eliminate tariff restrictions to free trade amongst IMTO members, but its mandate has gradually shifted over its existence.  In the mid 2000s, a voluntary Free Trade Council was founded, of which about half of ITA members have joined, in which members agree to void all tariffs amongst each other, excepting cases of national security.  Membership to the Free Trade Council is currently only possible with the approval of two thirds of Council member states.

ITA policy is set by a weighted one nation, one vote system, in which larger economies have slightly more voting power.  Currently, [[Sanctaria]], the most powerful single vote in the ITA, is weighted about three times as heavily as that of [[Salad Land]], the weakest single vote.  Disputes regarding tariff establishment or unequal enforcement in violation of ITA rules are handled by the Trade Equity Committee, comprised of 15 justices appointed by a rolling selection of member states for 5 year terms.  A 2022 amendment prompted by the withdrawals of [[Xiomera]] and [[Zargothrax]] has ensured that states lose their justice spot and voting power once they fail to pay their IMTO dues.  Additionally, the Free Trade Council maintains its own separate council, the Free Trade Governance Board, with one justice appointed per member nation, to resolve trade disputes amongst its members in violations of the regulations of the Council and award damages, if necessary.