Agreement between the Government of the Republic of Uzbekistan and Government of the Azerbaijan Republic on free trade

of May 27, 1996

The government of the Republic of Uzbekistan and the Government of the Azerbaijan Republic which are referred to as further Contracting Parties

aiming at development of trade and economic cooperation between the Republic of Uzbekistan and the Azerbaijan Republic on the basis of equality and mutual advantage,

considering the developed integration commercial ties of the Republic of Uzbekistan and the Azerbaijan Republic and complementarity of economies of two states,

recognizing that free movement of goods and services requires implementation of mutually agreed measures,

confirming commitment of the Republic of Uzbekistan and the Azerbaijan Republic to the principles of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO),

agreed as follows:

Article 1

Contracting parties, being guided by the principles of equality, mutual advantage and interest, will develop and expand trade and economic relations between business entities irrespective of their pattern of ownership on the basis of direct economic connections with observance of the legal acts existing in the states of Contracting Parties.

Each of Contracting Parties abstains from the actions capable to cause economic damage to other Party.

Article 2

1. Contracting parties provide each other free trade regime.

Contracting parties do not apply the customs duties, taxes and fees having equivalent action, and also quantitative restrictions for export and/or commodity import, coming from customs area of one of Contracting Parties and intended for customs area of other Contracting Party.

Exceptions of this trade regime according to the approved nomenclature of goods are drawn up by the documents which are integral part of this agreement.

2. According to Item 1 of this Article Contracting Parties are annually developed and will approve the general list of withdrawals from free trade regime, and also methods of application of such withdrawals.

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