Agreement between the Government of the Russian Federation and Government of the Azerbaijan Republic on production cooperation

of January 25, 2002

The government of the Russian Federation and the Government of the Azerbaijan Republic which further are referred to as with the Parties

being guided by the principles provided by the Agreement on general terms and the mechanism of support of development of production cooperation of the companies and industries of the State Parties of the Commonwealth of Independent States of December 23, 1993 and the Decision of Council of Heads of Government of the Commonwealth of Independent States of January 17, 1997 about approval of the Regulations on procedure for application of the value added tax and excises on deliveries of goods (services) in production cooperation when calculating between business entities of the State Parties of the Commonwealth of Independent States

attaching importance to further development of economic cooperation for the benefit of both states,

aiming to provide favorable conditions for development and implementation of joint interstate programs, development and enhancement of mutually advantageous production bonds on the basis of cooperation,

agreed as follows:

Article 1

The parties will promote implementation and development of production cooperation between the companies of all patterns of ownership on the basis of direct production connections and specialization of the companies.

Article 2

This agreement is applied to deliveries of separate types of goods (services) necessary for implementation of joint interstate programs, and also as agreed by the parties to deliveries of the major special components and some types of products which are not made in the consuming country, used for production of end products.

The nomenclature and amounts of the cooperated deliveries, and also the business entities performing these deliveries are determined for the corresponding year by executive bodies of the states of the Parties which powers are drawn up by the annual protocol between the Parties which is integral part of this agreement.

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