History of Estonia (1920–39) prospect of Vaps movement achieving electoral victory, Konstantin Päts and Johan Laidoner conducted a military coup d’état on 12 March 1934, arresting hundreds of Vaps members. A six-month state of emergency was declared, postponing the elections and political meetings were banned. During the interwar period Estonia had pursued a policy of neutrality, but the fate of Estonia in World War II was decided by the German–Soviet Nonaggression Pact and its of August 1939. In the agreement, the two great powers agreed to divide up the countries situated between them (Poland, Lithuania, Latvia, Estonia, and Finland) with Estonia falling in the
Estonia–Finland relations visiting Estonia. The excise tax on alcohol is lower in Estonia than in Finland, thus it is common to buy large volumes of alcohol when returning from Estonia: a study in 2014 indicated that 34% of alcohol sold in Estonia is bought by Finns. Finnish and Swedish investors are the largest foreign investors in Estonia. Both Finland and Estonia are members of the European Union, Schengen agreement and the Eurozone, freeing international travel and trade between the countries. Finland is Estonia's top import partner, accounting for over 15% total import value in 2012, as well as the second-greatest market for