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The contract between Ukraine and Georgia on economic cooperation for 1999 - 2008

of April 16, 1999

Ukraine and Georgia, further "the High Contractual Parties", being guided by the Treaty of friendship, cooperation and mutual assistance between Ukraine and Georgia of April 1Z, 1993,

proceeding from need of further consolidation and development equal and mutually advantageous trade and economic and relations of production, provision of the long-term and settled nature by it, effective use of economic and scientific and technical capacity of two states and growth in prosperity of their people,

attaching importance to harmonization of implementation of economic reforms, creation of conditions for phased transition to free movement of goods, services, the capitals and labor power,

agreed about it:

Article 1

The high Contractual Parties will perform the Interstate program of long-term economic cooperation between Ukraine and Georgia for 1999 - 2008 (further - the Program) which is component of this Agreement.

The procedure for financing of the Program is approved if necessary on each of Program actions separately.

Article 2

Economic cooperation of the High Contractual Parties is performed by interaction between the managing subjects irrespective of their patterns of ownership and subordination, with respect for the universally recognized norms of international law and the national legal system.

The high Contractual Parties will create favorable conditions for review for the main directions of social and economic transformations, structural adjustment; rapprochements of regulatory framework in the field of foreign economic activity, customs and tariff and tax policy, anti-monopoly regulation; forming of separate projects and programs, assistance to cooperation development, creation of general production structures, to mutual participation in privatization, in investment projects according to the national legal system.

Article 3

The Cabinet of Ministers of Ukraine and the Executive Authority of Georgia will coordinate accomplishment of the Program, to exercise step-by-step control of its realization and, in case of need, will introduce amendments in it.

Article 4

The course of accomplishment of the Program at least once a year is considered at meeting of the General intergovernmental Ukrainian-Georgian commission on economic cooperation.

Article 5

Disputes on interpretation and application of provisions of this agreement are subject to settlement by consultations and negotiations.

Article 6

Changes and additions which are drawn up by the intergovernmental protocols which are integral parts of this Agreement can be made to this Agreement and become effective according to Article 8 provisions.

Article 7

Accomplishment of provisions of this agreement does not affect the right and obligation which follow from other international treaties of the High Contractual Parties.

Article 8

This agreement becomes effective from the date of receipt of the last message which confirms accomplishment of the interstate procedures by the High Contractual Parties necessary for entry into force of the Agreement and is effective till December 31, 2008.

Each of the High Contractual Parties can terminate this Agreement by the notice in writing of other High Contractual Party. In this case the Agreement stops the action in 6 (six) months from the date of receipt of such message.

Cancellation of this Agreement does not affect implementation of projects which are carried out according to the Program.

It is made in Tbilisi on April 16, 1999 in duplicate, everyone in the Ukrainian, Georgian and Russian languages, at the same time all texts are authentic.

For the purpose of interpretation of provisions of this agreement the text in Russian is used.

 

For Ukraine

For Georgia

The interstate program of long-term economic cooperation between Ukraine and Georgia for 1999-2008

I. CONDITION AND PROBLEMS OF DEVELOPMENT OF THE UKRAINIAN-GEORGIAN ECONOMIC COOPERATION

Between Ukraine and Georgia more than 70 bilateral documents are concluded.

Fundamental documents in relations of two States are the Treaty of friendship, cooperation and mutual assistance, the Declaration on bases of the economic relations and on perspectives of development of cooperation and general approaches concerning questions of the international relations.

In deepening of the external economic relations such intergovernmental agreements are important:

about free trade,

about production cooperation,

about assistance and mutual protection of investments.

Development of bilateral cooperation will be promoted by signed agreements on such directions of cooperation:

customs,

payment and settlement,

transport,

to the military,

bonds,

on humanitarian issues.

Thus between Ukraine and Georgia the due bilateral contractual legal base on essentially new bases, the conventional legal mechanisms is created. It will create effective legal, economic premises for further development trade and economic and sci-tech cooperation between business entities on the principles of market economy of both countries.

At the same time, radical changes which took place in economy of Ukraine and Georgia after declaration of independence by both states formation of market mechanisms was followed by weakening of economic and cooperation bonds, considerable declining production and deeper reducing mutual goods turnover.

In the conditions of violation of the created earlier cooperation bonds, instability of national cash systems and deterioration in financial condition of the companies, imperfection of system of settlement, asymmetry of systems of oblaganiye tax the structure of goods turnover worsened.

In last years one of the important directions of development of cooperation of Ukraine and Georgia in economic sferesozdania of joint production structures which promote recovery and development of cooperation and technological bonds of the companies and industries, preserving and more effective use of the specialization of the companies created earlier in the field of mechanical engineering, chemistry, fuel and energy and military-industrial complexes, mobilization of financial and investment resources by means of creation of financial and industrial groups poorly developed. The legal basis for the organization and activities, such structures in legal acts of Ukraine and Georgia still significantly differs that is serious brake on the way of their creation.

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