The agreement between the Government of the Republic of Belarus and the Government of the Republic of Latvia about economic and sci-tech cooperation

of April 21, 2004

The government of the Republic of Belarus and the Government of the Republic of Latvia (further - the Parties),

wishing to promote development economic and sci-tech cooperation between the states of the Parties in the areas which are of mutual interest on the basis of equality and mutual advantage,

recognizing importance of acceptance of long-term measures for successful development of cooperation and strengthening of ties between the states of the Parties at the different levels and, in particular, at the level of their subjects of managing,

agreed as follows:

Article 1

1. Within the corresponding national legal systems and in view of their international obligations, the Parties will perform various measures for development and strengthening economic and sci-tech cooperation in all areas which can be of to them mutual interest and benefit. Application of this agreement by the Republic of Latvia will be performed without prejudice to the obligations arising at it in connection with membership in the European Union.

2. Such cooperation will be directed, in particular, on:

strengthening and diversification of commercial ties between the Parties,

encouragement of adjustment new and expansions of the existing contacts between subjects of managing, including the small and medium companies, for the purpose of development of investing activities, creation of joint businesses and other forms of cooperation between them.

Article 2

1. The cooperation provided in Article 1 of this agreement shall extend, in particular, to cooperation between the Parties in the following industries:

industry,

tourism,

transport,

frontier cooperation,

pharmaceutical industry,

agricultural industry, including agricultural mechanical engineering,

banking, insurance and other financial services,

communication,

professional education,

investment policy,

technologies and innovations,

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