Agreement on creation of the Interstate financial and industrial Internavigation group

of November 25, 1998

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

proceeding from need of combination of financial and production efforts of the companies and organizations participating in implementation of the Interstate radio navigational program of the State Parties of the Commonwealth of Independent States

being guided by provisions of the Agreement on creation of Economic union of September 24, 1993, Agreements on assistance in creation and development of the production, commercial, credit and financial, insurance and mixed transnational associations of April 15, 1994, Conventions on multinational corporations of March 6, 1998,

confirming the Decision on the Interstate radio navigational program of the State Parties of the Commonwealth of Independent States of April 15, 1994,

proceeding from need of the state support of developers and producers of navigation aids, systems and the equipment, promotion of their products on the world markets and fillings of the domestic markets of the State Parties of the Commonwealth of Independent States by it,

agreed as follows:

Article 1

The parties promote creation of the Interstate financial and industrial Internavigation group (further - MFPG "Internavigation") based on specialized enterprises and the organizations of different patterns of ownership.

Main objective of creation of MFPG "Internavigation" is consolidation of financial resources, assistance to development of scientific and technical and production potentials of participants of group, to implementation of modern satellite technologies for development of navigation infrastructure of the Commonwealth of Independent States, including creation of onboard and land systems and means of the State Parties of the Commonwealth.

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