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

of March 29, 1999

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

being guided by the principles stated in article 11 of the Agreement "About Creation of Economic Union" of the State Parties of the CIS of September 24, 1993 and 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

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 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 their specialization.

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 in joint protocols of the Parties.

Article 3

The goods (services) delivered in production cooperation, included in annual protocols to this agreement will not be assessed with the value added tax and excises.

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