Agreement between the Government of the Russian Federation and Government of the Republic of Kazakhstan on single procedure for regulation of foreign economic activity

of January 20, 1995

The government of the Russian Federation and the Government of the Republic of Kazakhstan which are hereinafter referred to as with the Parties for the purpose of implementation of the Agreement on creation of Economic union of September 24, 1993, forming of the Common Economic Space, the controling mechanism external commercial relations, on the basis of the identical legislation and the solution of the questions providing functioning of system of regulation of foreign economic activity

aiming at creation of equal conditions of implementation of external economic

activities for business entities of both states,

setting the task formations of single customs area,

being guided by the universally recognized norms of international law,

agreed as follows:

Article 1

In case of consolidation of customs areas of the Russian Federation and the Republic of Kazakhstan the single procedure for regulation of foreign economic activity and decision making in the following areas is established:

establishment of trade regime in the relations with the third countries;

tariff regulation in the field of foreign economic activity;

non-tariff regulation in the field of foreign economic activity;

currency control and currency exchange control of the external economic transactions;

procedure for application of temporary restrictions in mutual trade and in trade with the third countries.

Article 2

1. Concerning the countries with which at the Republic of Kazakhstan the trade regime is not set or those countries where such mode differs from the trade regime provided to these countries by the Russian Federation, the Parties agreed to apply single trade regime, including privileges and preferences for developing and the least developed countries.

In trade with the countries with which the Russian Federation and the Republic of Kazakhstan have agreements on free trade regime single withdrawals from this mode concerning these countries will be established.

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