Communication from the Ministry of Foreign Affairs No. 37 / 1996 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 Azerbaijan on commercial economic cooperation
Valid
International Treaty
Effective from 24.11.1995
Text versions:
29.02.1996
37
COMMUNICATION
Ministry of Foreign Affairs
The Ministry of Foreign Affairs states that an Agreement between the Government of the Czech Republic and the Government of the Republic of Azerbaijan on commercial economic cooperation was signed in Baku on 24 November 1995.
The Agreement entered into force on 24 November 1995 on the basis of Article 14 thereof.
The Czech version of the Agreement is hereby published at the same time. The Russian text, which is decisive for its interpretation, can be consulted by 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 Azerbaijan on commercial economic cooperation
The Government of the Czech Republic and the Government of the Republic of Azerbaijan, 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 manage the principles of equality, mutual benefit and international law in commercial 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 carry out settlement and payments in freely convertible currencies, at normal world prices and in accordance with the principles applied in world trade and financial practice throughout the complex of commercial and economic relations between the Czech Republic and the Republic of Azerbaijan.
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 discussing at the level of the competent authorities the supply of the most important types of 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 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 shall promote the development of mutual tourism.
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.
The Contracting Parties' bodies will, by mutual agreement, conclude contracts, including long-term contracts, in particular for the supply of products with a long production cycle.
The Parties shall facilitate the deepening of economic cooperation. This cooperation will, in addition to mutual trade, aim to expand cooperation in production, the establishment of joint undertakings, associations and organisations, as well as the development and introduction of further progressive forms of cooperation common in the world economy. In doing so, the Contracting Parties will, in accordance with the legal rules in force in each country, create favourable conditions for the establishment of filipinos, the separation and representation of organisations, firms, firms, banks, commercial houses, trade and money exchanges, cooperatives and companies in their territories for their commercial, industrial and economic activities, with the provision of the relevant rights to legal and natural persons of the other Contracting Party.
The Contracting Parties confirm a common interest in creating assumptions for the movement of capital, in pooling investments between the two countries for the implementation of major projects, in creating conditions for the activation of investment inflows 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 country 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 only be reexported to third countries on the basis of the written consent of the exporters.
In order to assess the implementation of this Agreement, authorised representatives of the Contracting Parties will meet alternately in the Czech Republic and the Republic of Azerbaijan, and, if necessary, take relevant decisions.
This Agreement may be amended or supplemented by mutual consent of the Contracting Parties. Amendments and additions shall be made in writing.
This Agreement shall enter into force on the date of its signature.
The Agreement is concluded for an indefinite period, each Contracting Party may denounce it by notification. In this case, the Agreement shall expire six months after the date of notification of its termination.
The continuation or amendment of this Agreement shall not affect the terms and conditions of contracts concluded by the entities at the time of its validity and not until its expiry.
Dane in Baku on 24 November 1995 in two original copies, each in Czech, Azerbaijan and Russian, all three texts being equally authentic. In the event of any difference in the interpretation of this Agreement, the Russian language version shall be decisive.
For the Government of the Czech Republic:
Rudolf Slanský v. r.
extraordinary and authorised ambassador
For the Government of the Republic of Azerbaijan:
H. Hasanov v. r.
Minister for Foreign Affairs
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Regulation Information
| Citation | Communication from the Ministry of Foreign Affairs No. 37 / 1996 Coll., on the negotiation of the Agreement between the Government of the Czech Republic and the Government of the Republic of Azerbaijan on Commercial Economic Cooperation |
|---|---|
| Regulation Type | International Treaty |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 29.02.1996 |
|---|---|
| Effective from | 24.11.1995 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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