Agreement between the Government of the Republic of Tajikistan and Government of Turkmenistan on the basic principles and directions trade and economic and sci-tech cooperation

of October 4, 2007

The government of the Republic of Tajikistan and the Government of Turkmenistan which are hereinafter referred to as with "Parties"

considering mutual interest in further deepening, strengthening and expansion trade and economic and sci-tech cooperation,

being guided by the principles of sovereign equality, mutual advantage and other conventional principles and rules of international law, and the national legal system of the states,

agreed as follows:

Article 1

Trade and economic and the sci-tech cooperation of the Parties will be performed by interaction between subjects of foreign economic activity of both states, irrespective of their patterns of ownership and subordination, with respect for the universally recognized norms of international law and the national legal system of the Parties.

Article 2

The parties will promote development mutually advantageous trade and economic and sci-tech cooperation, including: to forming of separate projects and programs, creation of joint production structures, knowledge sharing and scientific and technical experience, to strengthening of the interbank relations, mutual participation in investment projects.

Article 3

For development of recommendations and control of the course of implementation of provisions of this agreement of the Party will create the Joint Tajik-Turkmen intergovernmental Commission on trade and economic and to sci-tech cooperation. Activities of the Commission will be regulated by separate Provision which affirms at the 1st meeting.

Article 4

The parties will assist development and expansion of mutually beneficial cooperation in different industries and spheres of economy, and also will take actions for exchange of goods, services and trade information between the states, according to the legislation.

Article 5

In the field of production cooperation of the Party will render assistance to development of optimum production and technological bonds between the companies of two countries, their rational specialization and cooperation, increase on this basis of amounts of products, to increase in its competitive capacity in the domestic and world markets.

Article 6

The parties will promote creation of joint businesses, financial and industrial groups, holding, financial and investment, commerce and industry and leasing companies, participation of the national capitals in investment, bank and commercial spheres, and also creating favorable conditions for their activities.

Article 7

The parties, considering the special importance of innovations and technical progress for development of economy and science of both countries will develop cooperation in the field of natural, exact, humanitarian, social and technical science, in every possible way to expand and stimulate cooperation in the field of applied researches and new technologies, preparation of scientific personnel, protection of industrial and intellectual property.

Article 8

The parties will aim at cooperation increase in the field of transport and communications, to providing on the basis of reciprocity of favorable conditions for transportations of passengers and loads between two countries and transit through their territories.

Transportations of passengers and loads by railway, air and road transport between both states and transit through their territories, including transactions through air ports, railway and automobile networks, and also through the lines and the high-level power networks located in the territory of the state of other Party it is performed according to the national legal system of the Parties.

Article 9

The parties for the purpose of development assistance of trade and economic relations will promote opening of the trade missions in Dushanbe and Ashgabat.

Article 10

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

In case of disputes over interpretation or application of provisions of this agreement, the Parties will resolve them by consultations and negotiations.

Article 11

By mutual consent of the Parties changes and additions which are drawn up by the separate protocols which are integral part of this agreement and becoming effective according to the procedure, provided in Article 12 of this agreement can be made to this agreement.

Article 12

This agreement is signed for a period of five years and becomes effective from the date of obtaining through diplomatic channels of the last written notice of holding the interstate procedures by the Parties necessary for its entry into force.

Action of this agreement will be prolonged automatically for the subsequent five-year periods if any of the Parties does not notify in writing other Party not later than six months before the expiration of the corresponding term on the intention to terminate this agreement.

In case of cancellation of this agreement, its provision will not void concerning programs, projects or agreements which were signed according to this agreement, or the agreements and obligations following from it and which accomplishment was not complete on the termination of its action.

It is made in the city of Dushanbe on October 4, 2007 in duplicate, everyone in the Tajik, Turkmen and Russian languages, and all texts have identical legal force.

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

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