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Agreement between the Government of Ukraine and Government of the Republic of Estonia on trade and economic cooperation

of May 26, 1992

The government of Ukraine and the Government of the Republic of Estonia which hereinafter are referred to as further as the Contractual Parties,

according to provisions of Article 10 of the Treaty of friendship and cooperation between Ukraine and the Republic of Estonia of May 26, 1992,

being guided by the principles of equality, mutual advantage and rules of international law,

aiming at integration of economies of the countries of the Contractual Parties in the world economic relations and first of all in the European economic relations,

agreed about underwritten:

Article 1

The contractual Parties state the readiness to develop long, comprehensive and mutually advantageous trade and economic relations and cooperation, accepting for this purpose within the competence provisions which will promote realization of the above.

Article 2

The contractual Parties according to the legislations existing in the territories of their countries provide each other in mutual trade and economic cooperation the mode of the greatest assistance on the questions concerning duty, taxes and other payments, and also customs formalities (customs procedures, rates, declaration of goods).

The above-mentioned provision does not extend to benefits and privileges which the Contractual Parties provide or will provide:

in border trade with neighboring countries;

to the countries together with which the countries of the Contractual Parties participate in the regional or subregional economic organizations, custom unions, free economic zones including free trade areas which are already created or can be created in the future.

Article 3

Specific conditions of deliveries of goods and provision of services will be determined in contracts that they will be imprisoned among themselves by physical persons and legal entities of both countries according to their laws and rules and with observance of the international trade standards and practice.

Any from the Contractual Parties will not bear responsibility according to obligations of physical persons and legal entities of the country which follow from such contracts.

Article 4

Taking into account the laws and rules which are effective in each of the countries the Contractual Parties abstain from actions which can do harm to their trade and economic cooperation, in particular:

imposing directly or is collateral the prices or other unfair terms of the contract;

restriction of technical development, production, sale of goods and products;

application to trading partners of unequal conditions by equivalent deliveries;

coercion to acceptance by the partner of additional terms which in character or owing to trade practice are not connected with contract amount.

Article 5

All calculations and payments for deliveries of goods and provision of services will be performed in accordance with the terms of the payment agreement which will be signed between the relevant authorized banks of the Parties not later than one month from day of entry into force of this Agreement.

Article 6

The contractual Parties agreed that in case of implementation of the either party of national currency the procedure of payments and payments will be determined by the free supplementary agreement which is signed among themselves by authorized banks of the Parties.

Article 7

The procedure for transportation and transit of loads and passengers through the territories of the countries of the Contractual Parties will be determined by the free standing agreement between the relevant departments of the Parties.

Article 8

The contractual Parties will encourage participation of physical persons and legal entities of both countries in the international exhibitions and fairs, cooperation of Chambers of Commerce and Industry, contacts of businessmen, exchange of information.

Article 9

This Agreement does not affect the rights and obligations of the Contractual Parties which follow from Bilateral and multilateral agreements in which they take part, and also from their membership in the international economic organizations.

Article 10

In case of disputes on interpretation and application of provisions of this agreement the Contractual Parties will solve them by negotiations.

Article 11

By agreement the Contractual Parties to this Agreement changes or additions can be made.

Article 12

This Agreement becomes effective according to the legislation of each of the countries that will be confirmed by exchange of the corresponding messages. At the same time in force day of exchange of such messages will be considered as date of the introduction of the Agreement.

This Agreement is signed sine die. It can be broken off according to the written application of any of the Contractual Parties and voids in six months from the date of receipt of such statement.

After cancellation of this Agreement of its provision will be applied to all contracts under which obligations arose during action and the Agreements which are not implemented at the time of cancellation.

Performed in Tallinn on May 26, 1992 in two negotiable copies, everyone in the Ukrainian and Estonian languages, and both texts are equally authoritative.

 

For the Government of Ukraine A. Voronkov 

For the Government of the Republic of Estonia

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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