The agreement on cooperation in the field of foreign economic activity

of May 15, 1992

The governments of the State Parties of this agreement, hereinafter referred to as "Contracting parties",

proceeding from the Agreement on creation of the Commonwealth of Independent States of December 8, 1991 and the Agreement on regulation of relations of the states of the Commonwealth in the field of trade and economic cooperation in 1992 of February 14, 1992,

understanding common interests and benefits of cooperation when carrying out the external economic policy of the State Parties of the Commonwealth for the third countries and the international organizations,

wishing to avoid unfair competition among themselves in the international markets,

attaching importance to development of economic cooperation within the Commonwealth of Independent States,

agreed as follows:

Article 1

Contracting parties will aim to cooperate in implementation of the external economic policy for the third countries and the international organizations and to aim to assist each other in providing and protection of their mutual interests in foreign economic activity.

Article 2

Contracting parties will consult concerning foreign economic activity, including development of measures of state regulation and development of the regulatory base. The program of consultations will be annually developed and be accepted in agreed time frames by the authorized body created according to Article 11 of this agreement.

Article 3

Contracting parties will perform among themselves the external economic cooperation on the basis of provisions of this agreement, other agreements signed between them, including agreements on military and technical cooperation, and the national legal system.

Article 4

Contracting parties will cooperate among themselves for elimination of the incorrect competition in the markets of the third countries.

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