Agreement between the Government of the Republic of Uzbekistan and Government of Turkmenistan on the main directions of long-term trade and economic cooperation

of January 16, 1996

The government of the Republic of Uzbekistan and the Government of Turkmenistan which are referred to as further Contracting Parties

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

proceeding from the sovereign right of each state to pursue independent external economic policy,

intending to promote growth of economic capacity of the Republic of Uzbekistan and Turkmenistan on the basis of development of mutually advantageous and cooperation bonds and cooperation,

confirming the commitment to free development of mutual economic cooperation,

recognizing that free movement of goods and services requires implementation of mutually agreed measures,

confirming commitment of the Republic of Uzbekistan and Turkmenistan to the principles of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO),

agreed as follows:

Article 1

The trade and economic cooperation of Contracting Parties is based on the principles of neighborliness, equality, economic sovereignty, mutual advantage with respect for rules of international law and the national legal system.

According to provisions of this agreement Contracting Parties will take specific measures for approval of the directions of long-term trade and economic cooperation.

Article 2

Contracting parties will take all necessary measures for stabilization of trade and economic relations between them and will create favorable conditions for managing to subjects of the states of Contracting Parties, regardless of their patterns of ownership.

Each Contracting Party will abstain from the actions capable to cause damage to economy and trade of other Contracting Party.

Article 3

1. Contracting parties provide each other free trade regime.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info