Agreement between the Government of the Russian Federation and Government of the Republic of Lithuania on trade and economic relations

of November 18, 1993

The government of the Russian Federation and the Government of the Republic of Lithuania which further are referred to as "Party"

proceeding from provisions of the Agreement on bases of the interstate relations between the Russian Soviet Federative Socialist Republic and the Republic of Lithuania of July 29, 1991, wishing to promote development and strengthening of trade and economic relations between two states on the basis of equality, mutual advantage and other principles of international law, recognizing importance of the measures directed to creation of strong basis for successful expansion of trade and economic cooperation between two states proceeding from need of creating favorable conditions for development of trade relations between business entities of both states

aiming to develop the relations in the field of trade according to the principles of the General Agreement on Tariffs and Trade (GATT), agreed as follows:

Article 1

The parties will aim at ensuring the greatest possible harmonious and all-round development of trade and economic relations between two states.

Article 2

For the purpose of providing mutually advantageous conditions for development of trade and economic relations between two states of the Party will provide each other regime of the most favored nation in that, as for:

- customs duties, taxes and fees applied concerning import and export including methods of collection of such duties, taxes and fees;

- the provisions concerning customs clearance, transit, warehousing, reloading of goods and other services of this sort;

- taxes and other internal duties of any sort levied directly or indirectly;

- payment methods and transfer of such payments;

- the rules concerning sale, purchase, transportation, distribution and use of goods in the domestic market;

- issues of import and export certificates.

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