Agreement between the Government of the Russian Federation and Government of Turkmenistan on free trade

of November 11, 1992

The government of the Russian Federation and the Government of Turkmenistan which are hereinafter referred to as - Contracting Parties,

being guided by provisions of the Treaty of friendship and cooperation between the Russian Federation and Turkmenistan of July 31, 1992,

in view of the multilateral agreement about the principles of customs policy of March 13, 1992,

aiming at development of trade and economic cooperation between the Russian Federation and Turkmenistan on the basis of equality and mutual advantage,

proceeding from the sovereign right of each state to pursue independent external economic policy and to provide accomplishment of the corresponding international obligations and realization of the proclaimed intentions,

intending to promote creation of single commodity market, services, the capitals and labor power,

wishing to promote creation of proper conditions for custom union,

agreed as follows:

Article 1

1. Contracting parties do not apply the customs duties, taxes and fees having equivalent action for import and commodity export, one of Contracting Parties coming from customs area and intended for customs area of other Contracting Party. Exceptions of this trade regime according to the approved nomenclature of goods are drawn up by the annual documents which are integral part of this agreement.

2. For the purposes of this agreement and for its action understand goods as the goods coming from the territory of Contracting Parties:

a) completely made in the territory of Contracting Parties;

b) undergone to processing in the territory of the Contracting Party with use of raw materials, materials and components origin from the third countries, and changed with respect thereto accessory on classification of the Commodity nomenclature of the foreign economic activity (Commodity Nomenclature of Foreign Economic Activity) based on the Harmonized commodity description and coding system and the Combined tariff and statistical nomenclature of the European Economic Community, proceeding from the four first signs;

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