The agreement between the Government of the Republic of Kazakhstan and the Government of Ukraine on the basic principles of cooperation in heavy industries

of January 20, 1994

Became effective from signature date.

The government of the Republics Kazakhstan and the Government of Ukraine the hereinafter referred to as Parties,

attaching importance to further enhancement of economic cooperation,

recognizing need of joint development and implementation of target programs and projects of cooperation for heavy industries,

considering mutual interest of the Parties in effective use of source of raw materials, the organization of joint businesses, creating favorable conditions for enhancement of the market relations between business entities,

agreed as follows:

Article 1

The parties on the basis of mutual advantage and interest, non-admission of the actions causing economic damage each other will promote in every possible way development of cooperation in fuel and energy, metallurgical, chemical and machine-building complexes of both states.

Article 2

The parties agreed in case of development of national programs and concepts for development of heavy industries on the near-term outlook to exchange necessary information and to hold mutual consultations concerning enhancement of sci-tech cooperation, implementation of new technologies and further deepening of integration bonds.

Article 3

The parties will create the joint working groups of experts of representatives of economic and economic organizations and will charge to them to develop the draft of the joint Program for economic integration in heavy industries for 1994 - 2000 which will be provided to the Governments till May 1, 1994.

Article 4

The parties will promote creation of joint businesses of different patterns of ownership based on the companies of fuel and energy, metallurgical, chemical and machine-building complexes of the states mainly on joint-stock basis according to the current legislation of the Parties.

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