The agreement on cooperation of the State Parties of the CIS in the field of regulation of advertizing activities

of December 19, 2003

The governments of the State Parties of this agreement which are referred to as further with the Parties

considering need of activation of commercial intercourses between the State Parties of the CIS and in view of importance of advertizing as means of the free exchange of information between sellers and consumers promoting distribution and movement of goods, works and services (further - goods) through borders,

proceeding from tasks of ensuring implementation of the Agreement on carrying out the approved antimonopoly policy of January 25, 2000 and the Agreement on the main directions of cooperation of the State Parties of the Commonwealth of Independent States in the field of consumer protection of January 25, 2000,

acknowledging social responsibility and consumers for reliability of advertizing,

considering features of the market of advertizing and cultural and historical traditions of the Parties,

intending to promote further development of advertizing activities in the Commonwealth of Independent States (daleesodruzhestvo),

agreed as follows:

Article 1

The terms used in this agreement have the following values:

advertizing - extended in any form, by means of any means information on physical person or legal entity, goods, the ideas or undertakings which is intended for uncertain circle of consumers and is designed to create or maintain interest in physical person or legal entity, goods, the ideas or undertakings and to promote sales of goods, the ideas and undertakings;

inadequate advertizing - unfair, doubtful, unethical, obviously false and other advertizing in which violations of the requirements to its content, time, the place and method of distribution established by national legal systems of the Parties are allowed;

advertizing activities - the relations on production, placement and distribution of advertizing;

the advertiser - the legal entity or physical person which is information source for production, placement and the subsequent distribution of advertizing;

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