The memorandum between the governments of the State Parties of the Shanghai Cooperation Organization of main objectives and the directions of regional economic cooperation and start of process on creating favorable conditions in the field of trade and investments

(Almaty, on September 14, 2001)

The government of the Republic of Kazakhstan, the Government of People's Republic of China, the Government of the Kyrgyz Republic, the Government of the Russian Federation, the Government of the Republic of Tajikistan and the Government of the Republic of Uzbekistan which are hereinafter referred to as with the Parties

being guided by provisions and the principles of the Declaration on creation of the Shanghai Cooperation Organization signed by heads of states of the Parties in Shanghai on June 15, 2001

considering regulations and rules of the World Trade Organization,

considering that adjustment and development of interaction in trade and economic relations, and also creating favorable conditions for trade and investments on the principles of full equality, mutual respect and mutual advantage, nondiscrimination, phasing, openness will serve increase in level of economic development of the State Parties of the Shanghai Cooperation Organization,

being convinced that formation of the Shanghai Cooperation Organization will allow to use more fully the huge potential and ample opportunities of the State Parties in development of mutually beneficial and multi-profile cooperation, and also will promote establishment of fair and rational international economic order,

believing that start of process on creating favorable conditions in the field of trade and investments is important task on establishing regional economic cooperation within the Shanghai Cooperation Organization at present stage,

agreed as follows:

Article 1

Main objectives of development of regional economic cooperation of the State Parties of the Shanghai Cooperation Organization are:

detection of economic complementarity of the State Parties for the benefit of assistance to general development of their economy;

expansion of scales of trade and investments;

assistance to development of coproductions and trade and economic activities of business entities;

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