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The memorandum of coordination of actions for mitigation of the consequences of the global financial crisis for national economies of the Republic of Kazakhstan, the Kyrgyz Republic and the Republic of Uzbekistan

of August 19, 1999

Presidents of the Republic of Kazakhstan, the Kyrgyz Republic and the Republic of Uzbekistan, having exchanged opinions on present economic and financial situation in the world markets,

being effective according to the Agreement on creation of the Common economic space,

being guided by the bilateral and multilateral agreements oriented to economic integration

in view of need of stabilization of economic situation and protection of domestic producers for the countries,

agreed to take the urgent measures directed to coordination of actions for mitigation of the consequences of crisis processes in the international goods and financial markets.

For this purpose Heads of states agreed to form joint Working group in structure:

from the Republic of Kazakhstan - the deputy prime minister Karibzhanov Zh. S.;

from the Republic of Uzbekistan - the deputy prime minister Hamidov B. S.;

from the Kyrgyz Republic - the Foreign Trade Minister and Omuraliyev E. K. industry.

Charge to joint Working group operational consideration of the offers directed on:

exception of unfair competition in foreign trade;

protection of national producers;

not causing damage of stability of the goods and financial markets;

creation of mechanisms of consultations and information exchange in case of decision making by the countries.

To working group till March 10 of the current year to submit for approval of the governments of the offer on the above-stated questions.

This Memorandum is signed in the city of Astana on February 19, 1999.


President of the Republic of Kazakhstan 

President of the Kyrgyz Republic 

President of the Republic of Uzbekistan


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