Contract on creation of the Common economic space between the Republic of Kazakhstan and Republic of Uzbekistan
of January 10, 1994
The Republic of Kazakhstan and the Republic of Uzbekistan, the hereinafter referred to as High contracting parties,
being guided by the Treaty of friendship, cooperation and mutual aid between the Republic of Kazakhstan and the Republic of Uzbekistan of June 24, 1992, (the Contract on eternal friendship between the Republic of Kazakhstan and the Republic of Uzbekistan is accepted on October 31, 1998)
based on centuries-old community of the people and wishing to develop and deepen comprehensive good-neighbourhood,
considering need of coordination of collateral actions for carrying out economic reforms, development of the market relations and forming of effective mutually advantageous commercial ties,
aiming to create favorable conditions for implementation of the joint Program for deepening of economic integration of the Republic of Kazakhstan and the Republic of Uzbekistan for 1994-2000,
understanding objective need of forming and development of the Common Economic Space based on free movement of goods, services, the capitals and labor power, consolidation of direct connections of business entities
recognizing important role of interstate economic cooperation in stabilization of the national economy, more effective use of the rich natural, mineral raw material resources of the republics, and also need of taking measures to realization of provisions of the Agreement on creation of Commonwealths of Independent States Economic Union,
agreed about creation of the Common economic space of the Republic of Kazakhstan and the Republic of Uzbekistan.
The common economic space of the Republic of Kazakhstan and the Republic of Uzbekistan is created for the purpose of development and implementation of the joint Program for deepening of economic integration of the Republic of Kazakhstan and the Republic of Uzbekistan for 1994-2000 and assumes free movement of goods, services, the capitals, labor power and provides the approved credit and accounting, budget, tax, price, customs and monetarist policies.
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