Agreement on the Customs union and Common economic space

of February 26, 1999

The State Parties of this Agreement which are hereinafter referred to as by the Parties;

Being guided by the Contract between the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation on deepening of integration in economic and humanitarian areas of March 29, 1996 which further is referred to as with the Agreement of March 29, 1996 earlier signed agreements on its realization, and also considering the decisions made by governing bodies of integration;

Implementing the agreements signed between the Parties about free trade on single procedure for regulation of foreign economic activity, about the Customs union, about ensuring mutual convertibility and stabilization of the national currency rates, about prevention of double taxation and tax avoidance on the income and the capital;

Proceeding from the developed production and scientific and technological bonds, interdependence and complementarity of economies;

Performed determination to give new impulse to development of closer integration, rapprochement of economy of the State Parties for the purpose of social progress and improvement of welfare of the people;

Recognizing that elimination of the existing barriers and restrictions requires coordinated actions, harmonious development of the market relations of the states and creation of equal conditions and opportunities to business entities;

Confirming the friendship connecting the states and the people, wishing to provide their prosperity, based on the principles of Articles of organization of the United Nations, the Charter of the Commonwealth of Independent States, the Agreement on creation of Economic union of September 24, 1993, regulations and the principles of international law;

Considering the aspiration of the Parties to become members of the World Trade Organization;

Respecting sovereignty, territorial integrity of the states and guaranteeing non-interference to internal affairs;

Expressing determination to complete the formation of the Customs union and to create the Common economic space, agreed as follows:

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