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The memorandum between the governments of the State Parties of the Shanghai Cooperation Organization of main objectives and the directions of regional economic cooperation and start of process on creating favorable conditions in the field of trade and investments

(Almaty, on September 14, 2001)

The government of the Republic of Kazakhstan, the Government of People's Republic of China, the Government of the Kyrgyz Republic, the Government of the Russian Federation, the Government of the Republic of Tajikistan and the Government of the Republic of Uzbekistan which are hereinafter referred to as with the Parties

being guided by provisions and the principles of the Declaration on creation of the Shanghai Cooperation Organization signed by heads of states of the Parties in Shanghai on June 15, 2001

considering regulations and rules of the World Trade Organization,

considering that adjustment and development of interaction in trade and economic relations, and also creating favorable conditions for trade and investments on the principles of full equality, mutual respect and mutual advantage, nondiscrimination, phasing, openness will serve increase in level of economic development of the State Parties of the Shanghai Cooperation Organization,

being convinced that formation of the Shanghai Cooperation Organization will allow to use more fully the huge potential and ample opportunities of the State Parties in development of mutually beneficial and multi-profile cooperation, and also will promote establishment of fair and rational international economic order,

believing that start of process on creating favorable conditions in the field of trade and investments is important task on establishing regional economic cooperation within the Shanghai Cooperation Organization at present stage,

agreed as follows:

Article 1

Main objectives of development of regional economic cooperation of the State Parties of the Shanghai Cooperation Organization are:

detection of economic complementarity of the State Parties for the benefit of assistance to general development of their economy;

expansion of scales of trade and investments;

assistance to development of coproductions and trade and economic activities of business entities;

improvement of the trade and investment climate, creation of the corresponding conditions for gradual implementation of free movement of goods, capitals, services and technologies;

harmonization of the national legal systems regulating foreign economic activity;

encouragement and support of the direct connections performed in different forms between administrative-territorial formations of the State Parties of this organization according to the legislation of the state of each of the Parties;

effective use of the available infrastructure in the field of transport and communications, further development of transit potential;

development of cooperation in the field of trade in services;

ensuring rational environmental management, implementation of joint ecological programs and projects;

creation and development of mechanisms of implementation of regional economic cooperation.

Article 2

Establishment of favorable conditions for trade and investments will be performed in the way:

step-by-step elimination of barriers in trade and investing activities;

providing legal, economic, organizational and other conditions for implementation of transportations of goods and passengers, including en route;

developments of infrastructure of check points;

harmonizations of standards on goods and technologies;

expansions of exchange of information of normative and legal nature;

attraction and protection of mutual investments.

Article 3

The parties are considered necessary to concentrate efforts on such important directions of industry cooperation as power, transport, telecommunications, agricultural industry, tourism, the credit and bank sphere, water management and nature protection areas, and other directions which are of mutual interest and also to promote direct contacts between subjects of small and medium business.

Article 4

The parties will create the mechanism of meetings of ministers of the gosudarstvuchastnik of the Shanghai Cooperation Organization who are responsible for the external economic, including foreign trade activity, structure, functions and which tasks will be determined by the separate document.

Article 5

The parties will develop the long-term Program of multilateral trade and economic cooperation in which the specific directions of cooperation, priorities, spheres and objects of activities will be reflected.

For the purposes of implementation of this Memorandum of the Party will sign the relevant agreements.

Article 6

For development of the necessary documents provided by Articles 4 and 5 of this Memorandum, the Parties will create the working group of experts of representatives of the interested ministries and departments of the states of members of the Shanghai Cooperation Organization.

Article 7

The cooperation within the Shanghai Cooperation Organization does not contradict the rights and obligations of the State Parties of this organization following from other international treaties which participants they are.

Article 8

By mutual consent of the Parties changes and additions which are drawn up by the relevant protocols which are integral part of this Memorandum can be made to this Memorandum.

Disputes and disagreements on application and/or interpretation of this Memorandum are permitted by negotiations.

This Memorandum becomes effective from the date of its signing.

This Memorandum is signed on September 14, 2001 in Almaty in one copy, in the Russian and Chinese languages, and both texts are equally authoritative.

Depositary of this Memorandum is the Republic of Kazakhstan which will send to other State Parties of the Shanghai Cooperation Organization its verified copy.

 

For the government of the Republic of Kazakhstan

K. K. Tokayev

For the government of People's Republic of China

Zhu Rongji

For the government of the Kyrgyz Republic

K. S. Bakiyev

For the government of the Russian Federation

M. M. Kasyanov

For the government of the Republic of Tajikistan

A. G. Akilov

For the government of the Republic of Uzbekistan

U. T. Sultanov

 

 

 

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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