The program of economic cooperation between the Republic of Kazakhstan and the Azerbaijan Republic

of October 22, 1999

The program of economic cooperation between the Republic of Kazakhstan and the Azerbaijan Republic (further - "Program") includes complex of agreed measures on further development of bilateral cooperation.

The program is developed for the purpose of implementation of article 6 of the Agreement between the Government of the Republic of Kazakhstan and the Government of the Azerbaijan Republic about deepening of the economic cooperation signed in Baku on October 24, 1998 and is directed to expansion of integration and cooperation bonds.

I. Purposes and tasks of the program

Main objective of this Program - consecutive expansion of trade and economic relations, implementation of achievements of scientific and technical progress in the leading industries of economies, satisfaction of spiritual and cultural needs of the people of the Republic of Kazakhstan and the Azerbaijan Republic.

The program implementation is directed to the solution of the following tasks:

further development of trade and economic relations on equal and mutually advantageous conditions;

cooperation increase in the bank sphere and enhancement of the credit and financial relations;

interaction on development of the stock markets;

forming of separate interstate projects and programs, creation of joint businesses of different types and patterns of ownership, financial and industrial groups, international consortiums;

cooperation increase in the field of foreign economic activity;

implementation of joint efforts on protection of waters and preserving biological system of the Caspian Sea, improvement of ecological situation, the prevention and natural disaster response and catastrophic crashes;

interaction on use of the Europe-Caucasus-Asia Transport Corridor;

recovery of ferry crossing between ports of the cities of Aktau and Baku;

joint forming of forecast and search models of certain fields of hydrocarbonic raw material and geological business cases, and also their development and development;

joint studying of possible options of transportation of hydrocarbonic raw material;

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