The agreement between the Government of the Russian Federation and the Government of the Republic of Belarus on the directions of trade and economic cooperation between the Russian Federation and the Republic of Belarus

of February 27, 1996

The government of the Russian Federation and the Government of the Republic of Belarus which further are referred to as with the Parties, being guided by the Treaty of friendship, neighborliness and cooperation between the Russian Federation and the Republic of Belarus of February 21, 1995, the Agreement on the Customs union between the Russian Federation and the Republic of Belarus of January 6, 1995 and the Agreement between the Government of the Russian Federation and the Government of the Republic of Belarus on free trade of November 14, 1992;

expressing determination to abstain from introduction of restrictions in mutual trade;

recognizing that the purpose of the Parties is further forming of custom union according to the Agreement on the Customs union between the Russian Federation and the Republic of Belarus of January 6, 1995 which will become important milestone of interstate economic integration;

stating the ample potential opportunities given by practical application of the Protocol on introduction of free trade regime without withdrawals and restrictions between the Russian Federation and the Republic of Belarus of January 6, 1995

agreed as follows:

Article 1

The purposes of this agreement are assistance to expansion of commercial intercourses, to harmonious development of the economic relations between the Parties and economic activity, increase in level of living and employment of the population, performance improvement of work and strengthening of financial stability, and also providing equal conditions for the competition in trade between both countries.

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