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Agreement between the Government of the Republic of Kazakhstan and Government of the Republic of Latvia on trade and economic cooperation

of October 13, 1994

The government of the Republic of Kazakhstan and the Government of the Republic of Latvia, the "Contracting parties" which further are referred to as,

for the purpose of strengthening and development of trade and economic cooperation, proceeding from need of creating favorable conditions for development of the market relations in both states,

agreed as follows:

Article 1

Contracting parties will take all necessary measures for development and expansion of trade and economic relations on the principles of equality and mutual advantage according to the legislation existing in the territory of each of Contracting Parties.

Article 2

For the purpose of providing mutually advantageous conditions for development of trade relations between both states Contracting Parties will provide each other regime of the most favored nation in that, as for:

a) customs duties, taxes and fees applied concerning import and export including methods of collection of such duties, taxes and fees;

b) the provisions concerning customs clearance, transit, warehousing, overload and other services of this sort;

c) methods of implementation and payment transfer;

d) the rules concerning sale, purchase, transportation, distribution and use of goods in the domestic market.

Article 3

Provisions of Article 2 will not be applied to:

a) to benefits which each of the Parties provided or can provide to neighboring countries for simplification of border trade;

b) to the benefits following from membership of each of the Parties in the custom unions or free trade areas which are already existing or perhaps created in the future;

c) to the benefits provided to the third countries according to the General agreement on tariffs and trade (GATT) and the benefits provided to developing countries according to GATT and other international agreements.

Article 4

Contracting parties will not be:

a) directly or indirectly to assess the goods falling under action of this agreement, the internal taxes and fees exceeding the corresponding taxes and fees which assess the similar goods of internal production or goods coming from the third countries;

b) enter concerning the import or commodity export falling under action of this agreement, any special restrictions or requirements which in similar situation are not applied to the similar goods of internal production or goods coming from the third countries.

Article 5

The procedure and conditions of transit freight transportation are determined by free standing agreements.

Article 6

All calculations and payments in trade between both states will be made in freely convertible currency or national currencies according to the Agreement signed between the Central Banks using the current world prices and conditions accepted in the international trade and financial practice.

Article 7

The procedure, the nomenclature, amounts of the delivered goods and the rendered services if necessary for each next year are approved by the separate protocol.

Article 8

Contracting parties will promote development of direct connections between subjects of economic activity and institutions of both states;

Contracting parties will develop cooperation in the field of science and technology, ecology, transport, tourism and communications, in personnel training and in other spheres of common interests.

Article 9

Provisions of this agreement do not limit the right of each of Contracting Parties to undertake the measures for prohibition or restriction of export, import and transit of goods directed on:

a) protection of homeland security;

b) protection of life and human health, prevention of diseases of animals and plants;

c) protection of industrial and intellectual property;

d) protection of national art, historical and archaeological values;

e) prevention of depletion of natural resources;

e) protection of public morals;

g) protection of domestic manufacturers;

Such prohibitions and restrictions shall not represent, however, means of unjustified discrimination or the hidden restriction of trade between two countries.

Article 10

Contracting parties agreed to sign the agreement on mutual protection of investments, according to the legislation existing in the territory of each of the countries.

Article 11

Contracting parties will promote mutual submission of information on trading, business, investing, tax activity and about financial services.

Article 12

This agreement does not affect operation of other agreements signed by earlier Contracting Parties with the third countries.

Article 13

Changes or additions in writing under approval of Contracting Parties can be made to this agreement.

Article 14

Disputes on interpretation and application of this agreement are subject to permission by negotiations between Contracting Parties.

The disputes arising between subjects of economic activity in case of the conclusion and execution of agreements to deliver goods and rendering services are considered by courts according to the international practice.

Article 15

Authorized representatives of Contracting Parties will serially meet in the Republic of Kazakhstan and the Republic of Latvia for consideration of the course of accomplishment of this agreement.

Article 16

This agreement becomes effective after exchange of notes in which Contracting Parties notify each other on accomplishment of the interstate procedures necessary for its entry into force and will be effective until one of Contracting Parties in writing in 6 months does not notify other Contracting Party on the intention to stop its action.

In case of cancellation of this agreement of its provision will be applied to all contracts signed during action of this agreement before full implementation of obligations on them.

It is made in Almaty on October 13, 1994 in two authentic copies, everyone in the Kazakh, Latvian and Russian languages, at the same time all texts are equally authoritative. In case of disagreements of Contracting Parties concerning interpretation, application or accomplishment of this agreement, Contracting Parties will be guided by the text of the Agreement in Russian.

 

For the Government of the Republic of Kazakhstan

For the Government of the Republic of Latvia

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