The agreement between the Governments of the Republic of Kazakhstan, the Kyrgyz Republic and the Republic of Uzbekistan on the principles of rapprochement of the main directions of the national legal systems regulating economic activity

of March 14, 1997

The governments of the states of participants of this agreement which further are referred to as - the Parties,

being guided by the Contract on creation of the Common economic space between the Republic of Kazakhstan, the Kyrgyz Republic and the Republic of Uzbekistan,

for the purpose of implementation of the approved legal policy in the course of economic integration, attaching importance to development of cooperation in the field of rapprochement of the economic legislation,

agreed as follows:

Article 1

The parties consider it expedient to carry out work on rapprochement of the legislation regulating economic activity in the following directions:

civil legislation;

the legislation regulating customs rules and rates;

the legislation regulating interstate movement of goods and services (including the legislation on quality and standardization of goods and services);

legislation on bank system and securities;

legislation on finance, taxes and prices;

the legislation in the field of transport and communications;

the legislation on the external economic relations, including the legislation on foreign investments and currency control;

legislation on environmental protection;

legislation on procedure for consideration of economic disputes.

The parties can according to the mutual arrangement make changes of amendment to this list.

Article 2

For the purpose of realization of provisions of Article 1 of this agreement to create the Center for exchange of legal information (further - the CENTER) under Executive Committee of Interstate Council of the Republic of Kazakhstan, Kyrgyz Republic and the Republic of Uzbekistan.

For ensuring preparation and holding meetings of the Center, the organization of work of experts, record keeping the permanent body - the Secretariat of the Center as a part of three people, on one from each state of the participant is formed.

The regulations on the Center affirm the Chairman of Executive Committee of Interstate Council of the Republic of Kazakhstan, the Kyrgyz Republic and the Republic of Uzbekistan.

Article 3

The main objectives of the Center to consider:

- implementation of information exchange of legal acts of the Parties on the questions designated in article 1 of this Agreement;

- carrying out work on comparative analysis of regulatory legal acts and development of the offers directed to elimination of the revealed distinctions;

- development and the approved concepts of creation of interstate system of information of the legal sphere;

- development and approval of the single qualifier of legal information.

Article 4

The parties in work on rapprochement of the economic legislation are effective in coordination, whenever possible combining adoption of the regulatory legal acts regulating the fields of activity stated in Article 1 of this agreement in time.

Article 5

Rapprochement of the economic legislation is performed taking into account the agreements signed by the Parties on the corresponding problems and international treaties which have priority in relation to the national legal system of the Parties.

Article 6

Financing of the expenses connected with ensuring activities of the Secretariat of the Center is performed within the approved estimate on content of Executive committee of Interstate Council of the Republic of Kazakhstan, the Kyrgyz Republic and the Republic of Uzbekistan.

Article 7

Changes and additions in the mutual written consent of the Parties can be made to this agreement.

Changes and amendments are drawn up by protocols which are integral part of this agreement.

Article 8

All matters of argument connected with interpretation or application of this agreement are permitted by consultation and negotiations of the Parties.

Article 9

Provisions of this agreement do not mention obligations assumed by the Parties according to other international treaties.

This agreement becomes effective from the moment of its signing, is effective within five years and is automatically prolonged for the next five-year periods if one of the Parties does not show willingness about exit from it.

Each Party has the right to leave this agreement, having sent the adequate written notice to depositary.

The Agreement for this Party is terminated the expiration of six months, after obtaining by depositary of the mentioned notification.

It is made 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 its verified copy.

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