The following occurrences happened during the year 124 BBY.
- Legislation is passed by the Galactic Senate, designating the Outer Rim Territories as a tax-free free-trade area. Furthermore, the definition of functional constituencies eligible for Senate representation is broadened to include guilds and corporations. [2]
- Jedi Master Omo Bouri successfully negotiates the Treaty of Trammis. [1]
- The Trade Federation gains a Senatorial seat, achieving "functional constituency" status. [2]