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

of September 16, 1992

The government of the Republic of Kazakhstan and the Government of the Republic of Belarus which further are referred to as with the Parties based on mutual interest in expansion of trade and economic relations, creating favorable conditions for development of the market relations between subjects of both republics, agreed as follows:

Article 1

The trade and economic cooperation between the Republic of Kazakhstan and the Republic of Belarus is performed on the principles of equality and mutual advantage and based on the arrangement between the central and territorial authorities of public administration, is direct between business entities, irrespective of patterns of ownership and organizational subordination, with observance of the legal acts existing in both republics. Responsibility for accomplishment of undertaken obligations is born by the subjects who signed agreements.

Article 2

The parties will determine till November 1, 1992 amounts (quotas) of mutual deliveries of the major types of products and goods, including the state needs for 1993, and also will take necessary measures for the conclusion till December 15, 1992 of the relevant contracts (agreements).

The procedure and amounts of mutual deliveries are drawn up by annually special Protocol which is integral part of this agreement.

The parties will provide through the relevant republican organs state regulation of deliveries of products and the goods necessary for the state needs specified in appendices.

The parties will apply economic incentives and sanctions to ensuring interest and responsibility of product suppliers according to the legal acts existing in the territory of the republics.

The parties will provide through bodies of the state statistics quarterly accounting of amounts of mutually deliveries of products and goods and exchange of information about the course of their accomplishment.

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