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The contract between the Republic of Kazakhstan and the Republic of Belarus on long-term economic cooperation for 2009-2016

of June 10, 2009

The Republic of Kazakhstan and the Republic of Belarus which further are referred to as with the Parties

being guided by the Treaty of friendship and cooperation between the Republic of Kazakhstan and the Republic of Belarus of January 17, 1996, the Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Belarus on the principles of trade and economic cooperation of September 16, 1992, and also the commonly accepted regulations and the principles of international law,

understanding need of further strengthening and development equal and mutually advantageous trade and economic and relations of production,

considering that long-term and mutually beneficial economic cooperation, effective use of economic and scientific and technical capacity of the Parties serve growth in prosperity of their people,

attaching importance to dynamic development of economy and carrying out economic reforms,

agreed as follows:

Article 1

The parties enable program implementation of economic cooperation between the Republic of Kazakhstan and the Republic of Belarus for 2009 - 2016 (further - the Program) which is integral part of this Agreement.

Article 2

The parties perform economic cooperation on the basis of steady respect for the conventional principles of international law, including by the conclusion of contracts between state bodies, is direct between business entities, irrespective of patterns of ownership and organizational subordination, with observance of the national legal system of the Parties.

Responsibility for accomplishment of undertaken obligations is born by the business entities who signed agreements according to the national legal system of the Parties.

The parties shall abstain from the actions causing damage to interests of economy of other Party.

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