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AGREEMENT

of November 24, 1998

About creating favorable conditions for occupations small business in the State Parties of the Agreement on deepening of integration in economic and humanitarian areas of March 29, 1996

The governments of the State Parties of the Agreement on deepening of integration in economic and humanitarian areas of March 29, 1996 which are hereinafter referred to as with the Parties

being guided by the Statement of heads of states "About ten simple steps towards to simple people" of April 28, 1998,

realizing role of small business in stimulation of development of the market relations, carrying out social and economic reforms, market saturation by goods and services, creations of new workplaces,

recognizing support of small business as the priority direction of economic policy of the State Parties of this agreement,

understanding the imperative need of protection of interests and providing guarantees of support and development of small business,

aiming to create necessary legal, economic and organizational conditions on the maximum assistance to small business,

agreed as follows:

Article 1

The parties will elaborate general criterions of reference of entrepreneurs to small business entities.

Article 2

The parties mutually recognize the documents certifying the status of small business entities, existing in the territories of the Parties.

Article 3

Each Party will grant the equal rights and guarantees to the small business entities registered according to the national legal system of the either party in the territory.

Article 4

The parties will prepare the program of collateral actions for support and development of small business including:

- simplification of procedure for licensing of the types of activity performed by small business entities, mutual recognition of the licenses granted by state bodies of the Parties;

- taking measures, the Parties stimulating financial credit systems in crediting of small business entities;

- adoption of single standards on goods and products, mutual recognition of quality certificates of products;

- assistance to creation of system of information, consulting and other support of small business;

- development of offers on creation of joint and complementary productions, including establishment of tax benefits of the income of small business entities;

- rendering the state support to small business entities in industries of production of goods, in the innovative sphere and conversions of agricultural products;

- expansion of participation of small business entities in implementation of state programs and orders.

Article 5

The parties enhance and harmonize the regulatory legal acts regulating activities of small business entities including concerning strengthening of protection of their rights.

Article 6

The parties will develop forms and methods of interaction of the authorized state bodies operating in the field of support of entrepreneurship.

Article 7

The parties will provide broad exchange of technical, economic, legal and other information, including by holding joint conferences, fairs and exhibitions, and also will provide to small business entities access to the corresponding information databases of the Parties.

The parties will provide each other information concerning the list of the state bodies having control functions and the right of issue of the corresponding licenses and permissions, and also procedure for issue of these documents.

Article 8

The parties will handle issues of introduction of single simplified taxation system of small business entities.

Article 9

The parties will assist joint preparation, retraining and advanced training of personnel for small business in educational institutions, research and other centers of the State Parties of this agreement.

Article 10

The matters of argument connected using or interpretation of this agreement, are permitted by consultations and negotiations of concerned parties.

Article 11

This agreement is open for accession of other states by transfer to depositary which the Integration Committee, documents on accession is.

Article 12

The parties can leave this agreement or suspend the participation in it, having sent to depositary the written notice not later than six months to exit or suspension of the participation in it.

Article 13

Changes and additions with the consent of the Parties which are drawn up by the separate protocol can be made to this agreement and are integral part of this agreement.

Article 14

This agreement becomes effective from the date of receipt by depositary of the last notification on accomplishment of interstate procedures by the Parties.

It is made in Moscow on November 24, 1998 in one authentic copy in Russian.

The integration Committee will send to each Party of this agreement its verified copy.

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