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CONTRACT BETWEEN THE REPUBLIC OF BELARUS AND AZERBAIJAN REPUBLIC

of November 28, 2015

"About social and economic cooperation till 2025"

The Republic of Belarus and the Azerbaijan Republic which are hereinafter referred to as with the Parties, aiming at further deepening of strategic partnership, emphasizing need of increase and diversification of commercial, commercial and investment intercourses between the Republic of Belarus and the Azerbaijan Republic,

understanding need of more effective use available for the Republic of Belarus and the Azerbaijan Republic of economic, production, financial and other capabilities,

considering mutual interest in further strengthening and development equal and mutually advantageous trade and economic and relations of production, giving of long-term and steady nature to them, effective use of economic and scientific and technical capacity of two states,

agreed as follows:

Article 1

The parties realize the Program of social and economic cooperation of the Republic of Belarus and the Azerbaijan Republic till 2025 (further - the Program) which is integral part of this Agreement.

Article 2

Consideration of the questions connected with the program implementation course is performed by the Intergovernmental Belarusian-Azerbaijani commission on trade and economic cooperation.

Article 3

The parties pay special attention to enhancement of the contractual legal base of the economic relations of both states.

The parties render assistance in creation of favorable economic conditions for implementation of business and other economic activity, and also for projects implementation, being of mutual interest.

The parties render assistance in implementation of investment projects and participation in privatization according to the legislation of the states of each of the Parties.

Article 4

The parties develop bilateral commercial, commercial, investment, scientific and technical ties taking into account national priorities in the field of diversification of the economies and their transfer into new technological basis.

The parties deepen mutually beneficial cooperation in different industries of economy, first of all in industrial and fuel and energy complex, construction, agricultural industry, tourism.

The parties expand cooperation in the field of production, conversion and promotion on the markets of both countries of agricultural products, deepening of comprehensive bonds between the scientific organizations of the agrarian sector.

The parties cooperate in area of the social and economic transformations performed by their states develop production cooperation and create joint production structures.

The parties not allow implementation in the territory of economic activity which could cause damage to the sovereign rights and interests of other Party, and also agree to pursue the foreign trade and economic policy, proceeding from fundamental regulations and the principles of international law.

Article 5

The disagreements arising during implementation of this agreement are solved by negotiations and consultations between the Parties.

Article 6

Provisions of this agreement do not affect the rights and obligations of the Parties following from other international treaties which participants are the Parties.

Article 7

This Agreement becomes effective from the date of receipt through diplomatic channels of the last written notice of accomplishment of the interstate procedures by the Parties necessary for its entry into force, and is effective till December 31, 2025.

Cancellation of this Agreement does not affect implementation of projects which implementation according to the Program was begun during action of this Agreement.

It is made in the city of Minsk on November 28, 2015 in two authentic copies, everyone in the Russian and Azerbaijani languages, and all texts are equally authentic.

For the Republic of Belarus

Signature

For the Azerbaijan Republic

Signature

Appendix

to the Contract between the Republic of Belarus and the Azerbaijan Republic on social and economic cooperation till 2025

The program of social and economic cooperation of the Republic of Belarus and the Azerbaijan Republic till 2025

I. Purposes and tasks of the Program

This Program is developed by the Republic of Belarus and the Azerbaijan Republic for the purpose of implementation of package of measures for further expansion of mutually advantageous commercial and scientific and technical ties between two countries, to achievement of significant progress in production cooperation of industries of national economies and growth on this basis of mutual goods turnover.

For realization of these purposes this Program provides interaction of state bodies of the Republic of Belarus and the Azerbaijan Republic in the following main directions:

in the field of economic interaction:

development of regulatory framework in the field of regulation of foreign economic activity;

further expansion of trade and economic relations on equal and mutually advantageous conditions;

creation of incentives for increase in production, investments into its development, implementation of the latest developments of science and advanced technologies, improvement of quality and competitiveness of products;

development of production cooperation, creation of coproductions and implementation of bilateral economic projects;

creation to the business entities located in the territory of both states, conditions for fair competition;

regular holding trade and economic actions (exhibition, fairs, business forums, business meetings) for the purpose of advertizing of products of national producers and mutual promotion of goods;

implementation of cooperation in the field of use alternative and renewable energy resources;

development of the innovative cooperation directed to the accelerated diversification of economy;

cooperation in development of metallurgical complex;

development of cooperation in the field of standardization, metrology and assessment of conformity;

development of cooperation in the field of management of state-owned property and privatizations, conducting state registration of the rights to real estate and cadastral activities;

implementation of cooperation in the field of liquidation of emergency situations;

cooperation increase in the nature protection sphere, in the field of management of the woods and water resources, environmental monitoring, mitigation and adaptation to climate changes, rational environmental management;

in the field of agro-industrial complex:

adjustment of direct connections and experience exchange between the organizations of the agro-industrial sector of the Parties, including cooperation increase on production, conversion, use of new technologies of storage and mutually deliveries of agricultural products;

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