AGREEMENT

of November 24, 1998

About creating favorable conditions for occupations small business in the State Parties of the Agreement on deepening of integration in economic and humanitarian areas of March 29, 1996

The governments of the State Parties of the Agreement on deepening of integration in economic and humanitarian areas of March 29, 1996 which are hereinafter referred to as with the Parties

being guided by the Statement of heads of states "About ten simple steps towards to simple people" of April 28, 1998,

realizing role of small business in stimulation of development of the market relations, carrying out social and economic reforms, market saturation by goods and services, creations of new workplaces,

recognizing support of small business as the priority direction of economic policy of the State Parties of this agreement,

understanding the imperative need of protection of interests and providing guarantees of support and development of small business,

aiming to create necessary legal, economic and organizational conditions on the maximum assistance to small business,

agreed as follows:

Article 1

The parties will elaborate general criterions of reference of entrepreneurs to small business entities.

Article 2

The parties mutually recognize the documents certifying the status of small business entities, existing in the territories of the Parties.

Article 3

Each Party will grant the equal rights and guarantees to the small business entities registered according to the national legal system of the either party in the territory.

Article 4

The parties will prepare the program of collateral actions for support and development of small business including:

- simplification of procedure for licensing of the types of activity performed by small business entities, mutual recognition of the licenses granted by state bodies of the Parties;

- taking measures, the Parties stimulating financial credit systems in crediting of small business entities;

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