The agreement between the State committee on property of the Republic of Belarus and the State management committee state-owned property of the Azerbaijan Republic about cooperation in the field of management of state-owned property and privatization

of May 2, 2007

The state committee on property of the Republic of Belarus and the State management committee state-owned property of the Azerbaijan Republic which are hereinafter referred to as with the Parties

aiming at establishment of mutually advantageous bonds within the competence determined by the legislation of the states of the Parties

intending to promote creation of the conditions favoring to mutual participation of legal entities and physical persons of two countries in privatization of state-owned property on the basis of broad exchange of information in the field of management of state-owned property and to privatization, and also mutual enhancement of the regulatory base

agreed as follows:

Article 1

The cooperation in the field of management of state-owned property and privatization will be performed in the following directions:

exchange of information about the developed and become effective regulatory legal acts of the states of the Parties concerning accounting and management of state-owned property and privatization, and also other information;

the publication in mass media of the data which are of mutual interest concerning management of state-owned property and privatization;

other directions of cooperation which will be acknowledged the Parties reasonable.

Article 2

For the purpose of implementation of this agreement of the Party will communicate about the privatization course, conditions and terms of sale of state-owned property, including shares of joint-stock companies, will hold events for mutual attracting investors in process of privatization in the states of both Parties. Experience exchange on the organization of such actions and development of the normative legal documentation can be performed by holding of conferences, seminars, working meetings, implementation of joint projects in the field of training of specialists, adjustment of direct connections between specialists of the Parties.

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