Woolonian International Free Trade Agreement (WIFTA)
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The Woolonian International Free Trade Agreement, also known as WIFTA, is a free trade agreement that currently includes Woolonia, Belphenia, Freedemia, Maydien... allowing for free trade between the countries.
Why WIFTA was formed
WIFTA was formed in 2015 as Woolonia began to rebuild and attempt to grow economically, increasing the amount of exports to other nations and the amount of imports. After gaining close partnerships with Freedemia and more recently Belphenia and Maydien, WIFTA was formed with the intention of being open to other countries all around the world. The name Woolonian International Free Trade Agreement was chosen because all of the trading initially revolved around Woolonia and its lamb, sheep and goat based economy.