The contract between the Russian Federation and the Azerbaijan Republic on long-term economic cooperation for the period till 2010
of January 25, 2002
The Russian Federation and the Azerbaijan Republic which are hereinafter referred to as with High contracting parties
being guided by the Treaty of friendship, cooperation and mutual safety between the Russian Federation and the Azerbaijan Republic of July 3, 1997,
considering that economic integration is one of the most important elements of bilateral cooperation,
using benefits of the international labor division, specialization and cooperation of production, mutually advantageous trade to goal achievement of social and economic development of the states,
proceeding from need of further strengthening and development equal and mutually advantageous trade and economic and relations of production, giving to them of long-term and steady nature, effective use of economic capacity of two states and growth in prosperity of their people,
attaching great value to implementation of economic reforms, creation of conditions for phased transition to free movement of goods and services, the capitals and labor power,
agreed as follows:
High contracting parties realize the Program of long-term economic cooperation of the Russian Federation and the Azerbaijan Republic for the period till 2010 (further imenuyetsyaprogramma) which is integral part of this Agreement.
Economic cooperation of High contracting parties is performed by development of the mutually beneficial economic relations between business entities of both states irrespective of pattern of ownership according to the legislation of each of High contracting parties and international treaties which participants they are.
High contracting parties aim at cooperation in the main directions of social and economic development, enhancement of regulatory framework in the field of regulation of the trade and economic relations.
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The document ceased to be valid since January 1, 2011 according to paragraph one of Article 6 of this document.