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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.


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