The agreement on cooperation in the field of studying, investigation and use of mineral raw material resources

of March 27, 1997

The State Parties of this agreement on behalf of the governments, further - the Parties,

being guided by provisions of the Agreement on creation of Economic union of September 24, 1993 and 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,

proceeding from feasibility of development of interaction in economic and scientific and technical spheres, enhancement of the mechanism of scientific, production and commercial ties,

attaching great value to effective solution of problems of studying, investigation and rational use of mineral raw material resources, geoecology and environmental protection,

agreed as follows:

Article 1

The parties promote the solution of the following tasks:

to coordination and development of cooperation in the field of studying, investigation and use of mineral raw material resources;

to providing the national economy and market of the Parties with mineral raw materials, and also products of its conversion;

to stabilization and further development of mining and gornopererabatyvayushchy productions, ensuring rational use of mineral raw materials taking into account the developed production and technological bonds between the companies of the Parties.

Article 2

The parties according to the national legal system make efforts on use of fields of scarce and strategic types of mineral raw materials and capacities on their conversion, on increase in the export potential of mineral raw materials and products of its conversion, program implementation of reduction of import dependence, maintenance of system of mineral and raw providing economy of the Parties with scarce and strategic types of minerals, implementation of comprehensive investing programs on fundamental and applied problems.

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