Agreement between the Government of the Republic of Kazakhstan, Government of the Kyrgyz Republic and Government of the Republic of Uzbekistan on deepening of integration into areas of the antimonopoly policy

of March 14, 1997

The government of the Republic of Kazakhstan, the Government of the Kyrgyz Republic and the Government of the Republic of Uzbekistan which are hereinafter referred to as the Party

being guided by intentions to jointly promote forming of common economic space and total market of goods, services, the capitals and labor power;

understanding the leading role of competition policy in implementation of the specified processes;

aiming at effective interaction on harmonization of the antimonopoly policy in the field of consumer protection;

agreed as follows:

Article 1

The parties will carry out work on harmonization of legal regulation in the field of the antimonopoly policy and consumer protection based on national legislative and regulations.

For the purpose of ensuring the harmonized system of law of the Party shall carry out further coordination of works on preparation of bills, holding preliminary consultations concerning the projects offered to introduction of one of the Parties of normative legal documents and to apply, in case of possibility of measure, providing uniform application of competition rules in the territories of the states.

For the purpose of assistance to deepening of economic integration to development of production cooperation of the Party till July 1, 1997 will take all necessary measures for harmonization of the national legal system of anti-monopoly regulation.

Till July 1, 1999 the Parties will provide approval of general terms of anti-monopoly control of creation of transnational industrial groups of participation of business entities of the State Parties.

Article 2

The parties will consider the possibility of harmonization of the legislation and regulation in the area:

- unfair competition;

- advertizing;

- demonopolizations of economy;

- natural monopolies;

- consumer protection

according to national legal acts.

Article 3

After agreement signature of the Party shall inform without delay each other on the facts of notification of transactions (the notification on transactions) with participation of business entities of other state, and also about the facts of notification of the transactions able substantially to infringe on economic interests of other states. In these cases, the Parties hold consultations and provide adoption of mutually acceptable decisions.

Article 4

The parties will take measures for creation of common information space in the field of the competition. For this purpose the Parties shall:

- represent each other drafts of the developed regulating documents, techniques and instructions;

- to regularly inform each other on the forthcoming meetings, and on decisions of Board of the relevant antimonopoly authority;

- to quarterly exchange statistical data on the antimonopoly policy;

- exchange information materials about nature of antitrust violations, about the level of prices for goods of technological appointment, food group and consumer goods, information on quality and goods origin.

Article 5

The parties will coordinate the actions for participation in adjacent areas of the integrated cooperation (pricing policy, structural policy, banking regulation, creation of single customs space).

Article 6

The parties create the approved line item on participation in the international programs and actions for the antimonopoly policy which are of mutual interest.

Article 7

For the organization of works on agreement performance of the Party form the working group of agents of the parties, the working group holds the meetings at least two times a year.

Article 8

The disagreements arising during implementation of this agreement are permitted by consultations between the Parties.

Article 9

This agreement is signed for a period of five years and will be prolonged automatically for the next five-year periods if the Parties do not make other decision.

This agreement is temporarily applied from signature date and becomes effective from the moment of receipt by depositary of the third notification on accomplishment of interstate procedures by the Parties necessary for its entry into force.

Each of the Parties has the right to stop the participation in the Agreement, having in writing notified on it depositary at least, than in six months prior to exit.

Changes and amendments to this agreement are performed on the basis of arrangements of the Parties and drawn up by Protocols which are integral part of this agreement and become effective in the same order, as this agreement.

Absolutely in the city of Bishkek on March 14, 1997 in one authentic copy in Russian.

The authentic copy is in Executive committee of Interstate Council of the Republic of Kazakhstan, the Kyrgyz Republic and the Republic of Uzbekistan which sends to each State Party its verified copy.

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