AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF UZBEKISTAN AND GOVERNMENT OF THE REPUBLIC OF TAJIKISTAN

of March 9, 2018

About financial cooperation

(Became effective for the Republic of Uzbekistan on March 9, 2018)

The government of the Republic of Uzbekistan and the Government of the Republic of Tajikistan, hereinafter referred to as "Parties",

based on provisions of the Contract on eternal friendship between the Republic of Uzbekistan and the Republic of Tajikistan of June 15, 2000,

for the purpose of further development of trade and economic and financial cooperation between the Republic of Uzbekistan and the Republic of Tajikistan,

agreed as follows:

Article 1

This agreement is directed to coordination of efforts of the Parties on promotion of amounts of mutual trade between the Republic of Uzbekistan and the Republic of Tajikistan, joint promotion of goods and services by means of ensuring trade financing from National Bank of foreign economic activity of the Republic of Uzbekistan, Uzbek Industrial Construction Bank Joint stock bank and Joint stock bank of Usak (further - financial institutions of the Republic of Uzbekistan) for the transactions connected with financing of deliveries of goods and services from the Republic of Uzbekistan including agricultural machinery with participation of the financial credit institutions of the Republic of Tajikistan (further - financial institutions of the Republic of Tajikistan) offered by the Government of the Republic of Tajikistan in which financial institutions of the Republic of Tajikistan can act as the borrower or emitting bank of the documentary credit.

Article 2

For the purpose of implementation of this agreement financial institutions of the Republic of Uzbekistan confirm potential possibility of consideration of financing of the transactions connected with commodity export and services from the Republic of Uzbekistan including agricultural machinery with participation of financial institutions of the Republic of Tajikistan on the conditions determined by free standing agreements.

Article 3

1. The cumulative credit limit (the greatest possible limit of credit line) of transactions in which financial institutions of the Republic of Tajikistan act as the borrower or emitting bank of the bank documentary credit constitutes 100 000 000,00 (hundred million) US dollars.

2. The maximum limit of financing of each separate transaction constitutes 1 000 000,00 (one million) US dollars.

3. Conditions of trade financing, specific schemes of work of cooperation, cost and methods of financing are determined in the free standing agreements signed between financial institutions of the Parties.

4. At the same time financial institutions of the Republic of Uzbekistan reserve the right to review the greatest possible limit of financing set for financial institutions of the Republic of Tajikistan in writing having notified financial institutions of the Republic of Tajikistan on such changes within 10 working days.

5. The parties within this agreement do not bear responsibility according to obligations of financial institutions of the Parties.

Financial institutions of the Parties independently bear responsibility according to the obligations within the signed free standing agreements.

Article 4

Information obtained within this agreement has confidential character, is used only for the purpose of its realization. For other purposes information can be used only from the prior written consent of the Party which provided this information.

The party obtaining information transferred within this agreement shall provide its protection according to the legislation of the state.

Article 5

Provisions of this agreement do not affect the rights and obligations of each of the Parties following from other international treaties which participants they are.

Article 6

The matters of argument connected with interpretation and application of this agreement are permitted by consultations and negotiations between the Parties.

During such consultations and negotiations of the Party continue to fulfill the obligations according to provisions of this agreement.

Article 7

By mutual consent of the Parties changes and additions which are drawn up by the separate protocols which are becoming effective according to paragraph one of Article 8 of this agreement can be made to this agreement.

Article 8

This agreement becomes effective from the date of its signing.

This agreement is signed for five years and automatically prolonged for the subsequent five-year periods if any of the Parties not later than six months before the end of the next period does not send to other Party through diplomatic channels the written notice of the intention to stop its action.

This agreement remains in force within six months from the date of receipt of one of the Parties of the written notice through diplomatic channels of other Party of its intention to terminate this agreement.

It is made in the city of Dushanbe on March 9, 2018 in two authentic copies, everyone in the Uzbek, Tajik and Russian languages, and all texts are equally authoritative.

In case of disagreements in interpretation of provisions of this agreement the text in Russian will be used.

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