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Contract on deepening of economic integration between the Republic of Uzbekistan and Ukraine

of June 20, 1995

The Republic of Uzbekistan and Ukraine which are hereinafter referred to as "Party"

being guided by the Contract on bases of the interstate relations, friendship and cooperation between the Republic of Uzbekistan and Ukraine of August 25, 1992,

wishing to develop and deepen the comprehensive economic relations on equal basis,

based on interest in development of mutually beneficial economic cooperation and deepening of integration processes between the Republic of Uzbekistan and Ukraine,

aiming to strengthen interstate cooperation in stabilization of economy, effective use of economic capacity of both countries,

agreed as follows:

Article 1

The parties will perform coordination of actions in the course of carrying out economic reforms, to promote preserving and development of mutually advantageous commercial ties between business entities of all patterns of ownership, areas and regional formations of the Republic of Uzbekistan and Ukraine.

Article 2

The parties will promote rapprochement of price, tax and monetarist policies for the purpose of creation of conditions for phased transition to free movement of goods, services, the capitals and labor power between both states based on the market relations.

Article 3

Each of the Parties proceeds from recognition of the property rights to the property of legal entities and physical persons of other Party located in its territory.

The parties will determine the mechanism of the state recognition and guarantees of protection of the property rights to this property.

Article 4

For the purpose of creation of conditions for free movement of goods and development of mutual trade of the Party speed up the joint operation directed on:

consecutive decrease and cancellation in mutual trade of non-tariff restrictions;

harmonization and standardization of the customs legislation, mechanisms of tariff and non-tariff regulation, simplification of customs procedures;

rapprochement of rates for interstate transportation of goods and passengers.

Article 5

The parties will promote in every possible way creation of conditions for ensuring convertibility and maintenance of stability of the reciprocal exchange rate of national currencies, implementation of payments between the national and commercial banks of the Republic of Uzbekistan and Ukraine.

Article 6

The parties will accelerate the solution of questions of the organization of payments for uncommercial transactions, first of all on transfer of pensions, the alimony, the salary and other socially important payments.

Article 7

The parties will promote creation and functioning of joint businesses and organizations, financial and industrial groups, participation in investment of the objects which are of mutual interest.

Article 8

The parties will charge to the relevant ministries and departments to sign the Agreement on regular exchange of economic and statistical information.

Article 9

This Agreement becomes effective in day of the last notification on accomplishment of necessary interstate procedures by the Parties and will remain in force before the expiration of six months from date when one of the Parties directs another the written notice of intention to stop its action.

It is made in the city of Tashkent on June "20", 1995 in duplicate, everyone in the Uzbek, Ukrainian and Russian languages, and all texts are equally authoritative.

In case of disagreements in interpretation of provisions of this agreement the text in Russian is assumed as a basis.

 

For the Republic of Uzbekistan

For Ukraine

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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