AGREEMENT

of October 28, 2016

About state cooperation – members of the CIS in mining and metallurgical industry

The governments of the State Parties of this agreement which further are referred to as with the Parties proceeding from provisions of the Concept of further development of the Commonwealth of Independent States of October 5, 2007 and Strategiiekonomichesky development of the Commonwealth of Independent States for the period till 2020 of November 14, 2008, considering priority role of mining and metallurgical industry in economic and social development of the State Parties of the CIS, recognizing importance of ensuring the coordinated work of the companies of the mining and metallurgical industry of the State Parties of this agreement based on the principles of voluntary and mutually advantageous cooperation bonds and interstate specialization, recognizing need of development of competitive environment in the markets of products of mining and metallurgical industry of the State Parties of this agreement, being guided by the international obligations and the legislation of the State Parties of this agreement, agreed as follows:

Article 1

For the purposes of this agreement the term "mining and metallurgical industry" is understood as set of the companies and organizations which are engaged in exploration and production of metal ores, their enrichment and production of metal products (ferrous, non-ferrous, rare-earth metallurgy and their alloys).

The term "products of mining and metallurgical industry" is understood as the extracted metal ores, their concentrates, metals (black, color, rare-earth), their alloys and finished metal products.

Article 2

The purpose of this agreement is assistance to the companies and organizations of mining and metallurgical industry of the State Parties of the CIS in forming of the mutually advantageous cooperation bonds directed to increase in cost efficiency, technological and innovative updating, resource-and energy saving and ecological safety of industry.

Article 3

The parties perform cooperation in mining and metallurgical industry in the following main directions:

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