Agreement between the Government of the Republic of Kazakhstan and Government of the Republic of Latvia on trade and economic cooperation

of October 13, 1994

The government of the Republic of Kazakhstan and the Government of the Republic of Latvia, the "Contracting parties" which further are referred to as,

for the purpose of strengthening and development of trade and economic cooperation, proceeding from need of creating favorable conditions for development of the market relations in both states,

agreed as follows:

Article 1

Contracting parties will take all necessary measures for development and expansion of trade and economic relations on the principles of equality and mutual advantage according to the legislation existing in the territory of each of Contracting Parties.

Article 2

For the purpose of providing mutually advantageous conditions for development of trade relations between both states Contracting Parties will provide each other regime of the most favored nation in that, as for:

a) customs duties, taxes and fees applied concerning import and export including methods of collection of such duties, taxes and fees;

b) the provisions concerning customs clearance, transit, warehousing, overload and other services of this sort;

c) methods of implementation and payment transfer;

d) the rules concerning sale, purchase, transportation, distribution and use of goods in the domestic market.

Article 3

Provisions of Article 2 will not be applied to:

a) to benefits which each of the Parties provided or can provide to neighboring countries for simplification of border trade;

b) to the benefits following from membership of each of the Parties in the custom unions or free trade areas which are already existing or perhaps created in the future;

c) to the benefits provided to the third countries according to the General agreement on tariffs and trade (GATT) and the benefits provided to developing countries according to GATT and other international agreements.

Article 4

Contracting parties will not be:

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