Agreement on further development and expansion of economic cooperation between the Republic of Kazakhstan and Ukraine

of September 21, 1995

Became effective on July 18, 1997

The Republic of Kazakhstan and Ukraine which are hereinafter referred to as with the Parties

being guided by the Treaty of friendship and cooperation between the Republic of Kazakhstan and Ukraine of January 20, 1994,

including important carrying out economic reforms, structural adjustment of economy, creating favorable conditions for development of the market relations between business entities of both countries;

aiming to develop on qualitatively new bases traditional economic, scientific and technical and technological ties between business entities for the benefit of both states and growth in prosperity of their people;

understanding need of combination of efforts for further development of equal and mutually beneficial trade and economic cooperation,

agreed as follows:

Article 1

Economic cooperation of the Parties is based on the relation of strategic partnership, equality, mutual advantage and performed by direct interactions between business entities irrespective of their patterns of ownership taking into account the universally international standards and rules.

Each of the Parties will refrain from the actions capable to cause damage to interests of other Party, creates favorable conditions for development of cooperation on long-term basis to business entities.

Article 2

In the field of trade and economic cooperation of the Party will take practical steps for stimulation of increase in mutual goods turnover, further liberalization of trade relations, creation of equal legal and economic conditions for business entities. The parties charge to the governments of both states to perform measures for gradual reduction and removal of tariff and non-tariff restrictions in mutual trade.

Article 3

The parties consider priority implementation of economic integration in the following industries:

fuel and energy complex;

mining and metallurgical complex;

chemical complex;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info