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

of June 2, 1997

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

aiming at development of trade and economic cooperation between the Republic of Kazakhstan and the Republic of Uzbekistan on the basis of equality and mutual advantage, considering the developed integration commercial ties of the Republic of Uzbekistan and the Republic of Kazakhstan and complementarity of economies of two states,

being guided by provisions of the Agreement on creation of the Common economic space,

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

confirming commitment of the Republic of Kazakhstan and the Republic of Uzbekistan 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 pattern 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 provide each other free trade regime.

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 the state of one of the Parties and intended for customs area of the state of Other Party. Exceptions of this trade regime according to the approved nomenclature of goods are drawn up by the Protocol which is integral part of this agreement.

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

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