Communication from the Ministry of Foreign Affairs No. 265 / 1993 Coll.
Communication from the Ministry of Foreign Affairs on the negotiation of the Agreement between the Government of the Czech Republic and the Government of the Republic of Latvia on trade and economic relations and scientific and technological cooperation
Valid
Effective from 22.09.1993
265
COMMUNICATION
Ministry of Foreign Affairs
The Ministry of Foreign Affairs states that the Agreement between the Government of the Czech Republic and the Government of the Republic of Latvia on commercial and economic relations and scientific and technological cooperation were signed in Riga on 22 September 1993.
Pursuant to Article 16 of the Agreement entered into force on 22 September 1993 and that date the Trade Agreement between the Czechoslovak Republic and the Republic of Latvia of 7 October 1922, published under No 221 / 1923 Coll., and the Agreement between the Government of the Czech and Slovak Federal Republic and the Government of the Republic of Latvia on Trade-Economic Relations and Scientific and Technological Cooperation of 2 August 1991, published under No 417 / 1992 Coll.
The Czech version of the Agreement is hereby published at the same time.
The English version of the Agreement, which is relevant for its interpretation, can be consulted at the Ministry of Foreign Affairs and the Ministry of Industry and Trade.
AGREEMENT
between the Government of the Czech Republic and the Government of the Republic of Latvia on trade and economic relations and scientific and technological cooperation
The Government of the Czech Republic and the Government of the Republic of Latvia, hereinafter referred to as the Contracting Parties,
Recognising the great importance of traditional trade and economic relations,
taking into account the profound changes taking place in the economy of both countries,
and are guided by the principles of equality, mutual benefit and international law in trade and economic relations,
agree on the following:
The Contracting Parties shall grant each other the most favourable clause in relation to trade in goods originating in their respective territories.
The most favourable clause shall not apply to:
(a) the privileges and advantages granted or granted to neighbouring States by one of the Contracting Parties in order to facilitate border or interregional trade with other States;
(b) privileges and benefits resulting from the participation of the Contracting Parties in customs union or free trade zones.
Natural and legal persons of the countries of the Contracting Parties, hereinafter referred to as the entities, shall settle and make payments in freely convertible currencies, taking into account normal world prices and in accordance with the principles applied in world trade and financial practice throughout the complex of non-commercial, commercial and economic relations between the Czech Republic and the Republic of Latvia.
The Parties shall facilitate the development of trade relations aimed at increasing the reciprocal turnover of goods and the volume of services provided under generally applicable commercial conditions. This shall not preclude the possibility of negotiating at the level of the competent authorities the supply of the most important goods which are relevant to the security of the priority needs of the Contracting Parties.
The Parties shall jointly analyse the state of trade and economic relations, exchange relevant data and information needed for the further development of economic relations.
The Contracting Parties will create favourable conditions for the conclusion and implementation of contracts for the supply of goods and services.
The Parties agree that, where necessary, the relevant banks shall conclude agreements on the technical arrangements for clearing, lending and payment of supplies of goods and services in accordance with the laws of both Contracting Parties.
Contracting Parties' entities will conclude contracts by mutual agreement, including long-term contracts, in particular for the supply of long-term products, with prices and other commercial terms being negotiated in accordance with the provisions of this Agreement.
The Parties shall facilitate the deepening of economic and scientific and technological cooperation. In addition to mutual trade, this cooperation will aim to expand the cooperation of production, the establishment of joint ventures, associations and organisations, as well as the development and introduction of other progressive forms of cooperation common in the world economy. In doing so, the Contracting Parties will, in accordance with the legal order in force in their countries, create favourable conditions for the establishment of philistines, departments, representation of organisations, firms, firms, banks, commercial houses, trade and money exchanges, cooperatives and companies in their respective countries for their commercial, industrial and economic activities with the provision of natural and legal persons of the other Contracting Party to the relevant law.
The Contracting Parties confirm a common interest in creating assumptions for the movement of capital, in pooling the investments of both countries for the implementation of major projects, in creating conditions for the activation of the inflow of investment from third countries, in the participation of the Contracting Parties' economic operators in the privatisation process in accordance with the legal rules applicable in each of these countries and taking into account the specificities of their economies.
The Parties shall create favourable conditions for the development of joint business, including the promotion and protection of investment, the avoidance of double taxation and shall not apply discriminatory measures in mutual economic cooperation.
Goods supplied in accordance with the provisions of this Agreement may be reexported to third countries in accordance with the conditions of concluded contracts.
The results of scientific and technological research and development, obtained jointly by Czech and Latvian bodies, may be transmitted to third parties and published only with the consent of such bodies.
This Agreement lays down guidelines for economic, commercial and scientific cooperation.
In order to specify the essential provisions of this Agreement, the Contracting Parties or their competent authorities may conclude agreements or other conventions.
In order to assess the implementation of this Agreement, the representatives of the Contracting Parties shall meet alternately in the Czech Republic and the Republic of Latvia and, if necessary, take relevant decisions by mutual agreement.
Any dispute which may arise between the Contracting Parties on the interpretation or implementation of this Agreement shall be resolved, as quickly as possible, through friendly consultations and negotiations.
This Agreement may be amended and supplemented in accordance with the laws in force in both countries and on the basis of mutual agreement of the Contracting Parties.
This Agreement shall enter into force on the date of its signature.
This Agreement shall be concluded for an indefinite period, which may be denounced by notification by each Contracting Party. In this case, the Agreement shall expire six months after the date of notification of its termination.
The continuation of this Agreement shall not affect the terms of the contracts, concluded by the entities at the time of its validity and not until it has expired.
By signing this Agreement in the relations between the Czech Republic and the Republic of Latvia:
- the Trade Agreement between the Czechoslovak Republic and the Republic of Latvia of 7 October 1922,
- Agreement between the Government of the Czech and Slovak Federal Republic and the Government of the Republic of Latvia on trade and economic relations and scientific and technological cooperation of 2 August 1991.
Done at Riga, 22 September 1993 in two original copies, each in Czech, Latvian and English, each text being equally authentic.
In the event of divergent interpretation of the provisions of this Agreement, the text in English shall be decisive.
For the Government of the Czech Republic:
Josef Zieleniec v. r.
Minister for Foreign Affairs
For the Government of the Republic of Latvia:
Georgs Andreyevs v. r.
Minister for Foreign Affairs
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Regulation Information
| Citation | Communication from the Ministry of Foreign Affairs No. 265 / 1993 Coll., on the negotiation of the Agreement between the Government of the Czech Republic and the Government of the Republic of Latvia on commercial and economic relations and scientific and technological cooperation |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 26.10.1993 |
|---|---|
| Effective from | 22.09.1993 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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