Decree No 6 / 1973 Coll.
Decree of the Minister of Foreign Affairs on the Trade Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka, Payment Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka and the Agreement on Scientific and Technical Cooperation between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka
Valid
Effective from 14.07.1972
6
DECLARATION
Minister for Foreign Affairs
of 21 December 1972
on the Trade Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka, the Payment Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka and the Agreement on Scientific and Technical Cooperation between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka
On 14 July 1972, the Trade Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka, the Payment Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka and the Agreement on Scientific and Technical Cooperation between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka were signed in Prague.
The agreements entered into force on the date of signature, i.e. 14 July 1972.
The Czech version of the agreements is published at the same time.
Minister:
Ing. Chupek v. r.
TRADE AGREEMENT
between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka
The Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka, wishing to develop trade relations between the two countries on the basis of equality and mutual advantages, have agreed as follows:
The Parties shall, by all means possible, develop and consolidate trade relations between the two countries on the basis of equality and mutual advantages. They will examine and, as successfully as possible, assess the proposals that one party will make to the other in order to achieve closer trade relations. The exchange of goods will be carried out in accordance with the attached lists of goods "A 'and" B', which form an integral part of this Agreement. These documents shall not be interpreted as excluding trade in other goods which are not included in the documents.
Both Parties agree to provide each other with treatment under the most-favoured-nation clause with regard to customs and other charges levied on imports and exports of goods between the Czechoslovak Socialist Republic and the Republic of Sri Lanka, international export and import payment transactions, the prescribed labelling of goods and the issue of export and import licences.
However, Article 1 shall not apply to the grant or duration of:
(a) advantages granted by one of the Contracting Parties to neighbouring countries in order to facilitate border traffic;
(b) benefits arising from any customs union or free trade area of which one of the Contracting Parties is or becomes a member;
(c) benefits granted on the basis of multilateral economic arrangements relating to international trade in which only one Contracting Party participates or will participate.
Exports of goods from the Czechoslovak Socialist Republic to the Republic of Sri Lanka and the Republic of Sri Lanka to the Czechoslovak Socialist Republic will be carried out during the period of validity of this Agreement in accordance with the export and import documents agreed between the two governments for each calendar year. To this end, Protocols on the exchange of goods between the two countries will be concluded.
Both Parties shall ensure the issue of import and export licences for goods agreed in the Protocols, provided that such licences are required in the framework of their rules and administrative arrangements, and facilitate the import and export of the goods by mutual means.
Import and export of goods by this The agreements will be implemented in accordance with the foreign exchange rules applicable in each of the two countries and on the basis of contracts concluded between persons, undertakings and organisations authorised to conduct foreign trade in the territory of the Contracting Parties.
The Government of the Czechoslovak Socialist Republic recognises the policy of the Government of the Republic of Sri Lanka as regards the preferential application of the citizens of the Republic of Sri Lanka to trade and will therefore support the appointment of citizens of the Republic of Sri Lanka as intermediaries in the Republic of Sri Lanka for products of Czechoslovak origin.
Goods supplied under this Agreement shall not be re-exported to a third country without the consent of the exporting country.
Payments related to the implementation of this Agreement shall be made under the payment agreement in force at the time of such payments.
In order to facilitate the implementation of this Agreement, both Parties agree to open consultations, at the request of one of them, on matters relating to trade and payments between the two countries.
To this end, representatives of both Parties shall meet within 45 days of receipt of the request from one of the Parties on the spot and at a time agreed between them.
This Agreement shall enter into force on the date of signature and shall be valid for five years.
If no Contracting Party has notified its intention to terminate or amend this Agreement three months before the expiry date, its validity shall be automatically extended by one more year. If one of the Parties has communicated its intention to amend this Agreement, the two Parties shall meet to discuss and agree on the amendments.
After the expiry of this Agreement, all commitments under this Agreement shall be fulfilled in accordance with the provisions of this Agreement.
The Trade Agreement between the Government of the Czechoslovak Republic and the Government of Ceylon signed on 14 December 1957 shall be repealed on the date of entry into force of this Agreement.
Written in Prague on 14 July 1972 in two original copies, each in the Czech, Sinhal and English languages, each text being equally authentic. In the event of any dispute, the English text will be decisive.
For the Government
Czechoslovak Socialist Republic:
Ing. A. Barčák v.r.
For the Government
Republic of Sri Lanka:
T. B. Subasinghe v.r.
LISTINA "A"
Goods for export from the Czechoslovak Socialist Republic to the Republic of Sri Lanka
Machinery of all kinds, such as wood-working machines, metal-working machines, diesel engines and dieselagregrams, pumps, rubber machines, textile machines, cigarette machines, bottling machines, dredges and cranes, footwear machines, leather machines, tanneries, oil presses, printing machinery, spare parts
Equipment for hydropower plants, diesel-electric plants, sugar factories, washing plants, bicycle factories, brick and tile factories, textile plants, breweries, saws, polo-printing facilities, distilleries, ice-making facilities, spare parts
Means of transport and equipment
Railway transport equipment such as steam and diesel locomotives, railway wagons, locotrators
Agricultural machinery and equipment, tractors
Construction and road machinery
Construction materials and hardware
All types of textile and textile products
All types of paper and paper products
Glass and glassware
Sugar
Hops and malt
Optical instruments, apparatus and projectors
Chemical products, pharmaceuticals
Medical and dental equipment
Connectors
Metallurgy equipment
Millstones
Cement plants
Ball bearings
Other products
LISTINA "B"
Goods for export from the Republic of Sri Lanka to the Czechoslovak Socialist Republic
Rubber
Coconut oil
Dried coconuts
Tea
Coconut fibres
Rubber coconut fibres
Graphite
Cocoa beans
Spices
Ether oils
Plywood and veneer sheets
Handkerchiefs (including batters)
Parquet
Car batteries and dry battery cells
Rubber goods (surgical gloves, homemade gloves, tablecloths, etc.)
Printing inks
Other products
PAYMENT AGREEMENT
between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka
In order to facilitate and regulate payment between the Czechoslovak Socialist Republic and the Republic of Sri Lanka, the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka have agreed as follows:
All current payments listed in Article 3 of this Agreement between natural and legal persons established in the Republic of Sri Lanka and natural and legal persons established in the Czechoslovak Socialist Republic shall be made in accordance with the provisions of this Agreement.
To this end:
(1) The Central Bank of Ceylon, acting as a representative of the Government of the Republic of Sri Lanka, opens an interest-free account in pounds of sterling in its books in the name of the Czechoslovak Commercial Bank, a. s., Prague, acting as a representative of the Government of the Czechoslovak Socialist Republic, entitled "Czechoslovak Account."
(2) Czechoslovak Commercial Bank, a. s., Prague, acting as a representative of the Government of the Czechoslovak Socialist Republic, will open in its books the Central Bank of Ceylon, acting as a representative of the Government of the Republic of Sri Lanka, an interest-free account in pounds of sterling entitled "Sri Lanka Account."
The following salaries shall be considered as current payments:
(1) Payments for supplies of goods under the applicable Trade Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka.
(2) Payments for services related to the exchange of goods referred to in paragraph 1, such as transport expenses, sea freight including boat hire charges and associated expenses, insurance, arbitration, warehouse and customs charges, processing, repairs, commissions, advertising, agreed and other expenditure.
(3) Payments concerning:
(a) expenditure relating to participation in exhibitions and fairs;
(b) expenditure on official delegations and other representatives in the country of the other Contracting Party.
(4) Other payments agreed between both governments.
1. All current payments from the Republic of Sri Lanka to the Czechoslovak Socialist Republic will be charged in favour of the "Czechoslovak Account" in the books of the Central Bank of Ceylon and the corresponding accounting records will be charged to the "Sri Lanka Account" in the books of the Czechoslovak Commercial Bank, a. s., Prague.
2. All current payments from the Czechoslovak Socialist Republic to the Republic of Sri Lanka will be charged to the "Czechoslovak Account" in the books of the Central Bank of Ceylon and the corresponding accounting records will be made in favour of the "Sri Lanka Account" in the books of the Czechoslovak Commercial Bank, a. s., Prague.
The balance of accounts opened in accordance with this Agreement shall not exceed, for the benefit of either Party, the amount of £500,000 sterling. If the balance exceeds that amount, the debtor party shall endeavour to compensate for the overrun within three months by increasing supplies of goods.
If, after the expiry of that three-month period, the balance of the above-mentioned amount remains predominant, the debtor party's bank shall compensate the excess on request of the creditor party's bank in freely convertible pounds of sterling or in another currency acceptable to the creditor party's bank.
For the purposes of this Agreement, all contracts and accounts relating to trade between the Czechoslovak Socialist Republic and the Republic of Sri Lanka shall be expressed in pounds of sterling.
The balances of clearing accounts held pursuant to Article 2 of this Agreement may, in agreement between the Contracting Parties, be transferred to clearing accounts held by a Contracting Party with other countries.
The balances of clearing accounts held by a Contracting Party with other countries may also be transferred in agreement between the two Contracting Parties to clearing accounts held pursuant to Article 2 of this Agreement.
The Czechoslovak Commercial Bank, a.s., Prague, and the Central Bank of Ceylon agree on all necessary technical details for the effective implementation of this Agreement.
In the event of the termination of this Agreement, the following provisions shall apply:
(a) the net balance of the two accounts held under this Agreement shall be fixed at the date of termination of this Agreement. The debtor party shall endeavour to pay the net balance by supplying the goods within 6 months;
(b) if, after the expiry of the six-month period, the balance is not settled, the debtor party's bank shall immediately settle it at the request of the creditor party's bank in freely convertible pounds of sterling or in any other currency accepted by the creditor country's bank.
Balance of clearing accounts held pursuant to Article 2 The payment agreements of 14 December 1957 shall be transferred to accounts newly opened pursuant to Article 2 of this Agreement on the date of entry into force of this Agreement as soon as the outstanding balances are confirmed by the two banks in charge of the management of the account.
This Agreement shall enter into force on the date of signature and shall be valid for five years.
If no Contracting Party has notified its intention to terminate or amend this Agreement three months before the expiry date, its validity shall be automatically extended by one more year. If one of the Parties communicates its intention to amend this Agreement, both Parties shall meet to discuss and agree on the amendments.
After the expiry of this Agreement, all commitments under this Agreement shall be fulfilled in accordance with the provisions of this Agreement.
The payment agreement signed between the Government of the Czechoslovak Republic and the Government of Ceylon on 14 December 1957 shall be deleted from the date of entry into force of this Agreement.
Written in Prague on 14 July 1972 in two original copies, each in the Czech, Sinhal and English languages, each text being equally authentic. In the event of any dispute, the English text will be decisive.
For the Government
Czechoslovak Socialist Republic:
Ing. A. Barčák v. r.
For the Government
Republic of Sri Lanka:
T.B. Subasinghe v. r.
AGREEMENT
on scientific and technical cooperation between the Czechoslovak Socialist Republic and the Republic of Sri Lanka
The Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka, wishing to develop cooperation between the two countries in the field of science and technology on the basis of equality and mutual advantages, have agreed as follows:
The Parties shall cooperate in the field of science and technology with a view to making the most effective use of the latest knowledge of science and technology to develop the national economy of both countries.
Cooperation between the Contracting Parties referred to in Article 1 of this Agreement shall consist in particular of:
(a) the provision of services by experts and advisers to assist in all matters relating to science and technology;
(b) promoting the practical and theoretical training of members of each Contracting Party in the territory of the other Contracting Party;
(c) exchange of information and documentation;
(d) the creation of scientific research groups and planning or research units;
(e) other forms of cooperation agreed upon by the competent authorities of the Contracting Parties.
The Contracting Parties shall instruct their competent authorities or organisations to ensure the implementation of this Agreement and to conclude arrangements concerning its implementation. In each individual case, the designation of experts and advisers, the services to be provided, the scope, remuneration and other detailed working conditions, as well as the identification of persons whose training will be provided under this Agreement, shall be agreed.
Each Contracting Party undertakes to take measures to prevent the disclosure of specific knowledge obtained through cooperation under this Agreement, to any unauthorised person or any third country without the prior written consent of the competent authorities of the other Contracting Party.
Each Contracting Party undertakes to grant, in accordance with its applicable laws and regulations, to the citizens of the other Contracting Party on its territory, on the basis of an agreement which may be concluded between the two Contracting Parties, the support necessary for the performance of the tasks carried out under this Agreement.
The competent authorities of both Contracting Parties shall, at the request of either Party, discuss any questions relating to the implementation of this Agreement in order to facilitate it.
(1) This Agreement shall enter into force on the date of signature and shall remain in force until one year after the date on which either Contracting Party notifies the other Contracting Party in writing of its intention to terminate the Agreement.
(2) If, on the basis of the preceding paragraph, the termination of this Agreement is given, the Contracting Parties shall agree, within an appropriate period before the expiry of this Agreement, on the manner in which the projects started under it are to be terminated.
Written in Prague on 14 July 1972 in two original copies, each in the Czech, Sinhal and English languages, each text being equally authentic. In the event of any dispute, the English text will be decisive.
For the Government
Czechoslovak Socialist Republic:
Ing. A. Barčák v. r.
For the Government
Republic of Sri Lanka:
T.B. Subasinghe v. r.
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Decree of the Ministry of Foreign Affairs No. 6 / 1973 Coll., on the Trade Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka, Payment Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka and the Agreement on Scientific and Technical Cooperation between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sri Lanka |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 09.02.1973 |
|---|---|
| Effective from | 14.07.1972 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
Comments 0