Agreement between the Government of the Republic of Kazakhstan and Government of Georgia on free trade

of November 11, 1997

The government of the Republic of Kazakhstan and the Government of Georgia which are referred to as further the Party

confirming the commitment to free development of mutual economic cooperation,

considering the developed integration commercial ties of the Republic of Kazakhstan and Georgia,

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

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

agreed as follows:

Article 1

The 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 patterns of ownership on the basis of direct economic connections with observance of the legal acts existing in the states of the Parties.

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

Article 2

1. The parties do not apply the customs duties, taxes and fees having equivalent action, except for the charges for customs clearance, and also quantitative restrictions for export and/or commodity import coming from customs area of one of the Parties and intended for customs area of other Party. Withdrawals from this trade regime according to the approved nomenclature of goods are drawn up by the Protocol which is integral part of this agreement.

The parties agreed to cancel the withdrawals from free trade regime applied between the Republic of Kazakhstan and Georgia according to the specified Protocol, according to the enclosed Schedule of step-by-step cancellation of withdrawals from free trade regime between the Republic of Kazakhstan and Georgia, being integral part of this agreement.

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