Decree of the Minister for Foreign Affairs No. 72 / 1980 Coll.
Decree of the Minister for Foreign Affairs on the Trade Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Panama
Valid
Effective from 02.01.1980
72
DECLARATION
Minister for Foreign Affairs
of 26 February 1980
on the Trade Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Panama
On 17 April 1979, the Trade Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Panama was signed in Panama. The Agreement entered into force on 2 January 1980 pursuant to Article 10 thereof.
The Czech translation of the text of the Agreement is announced simultaneously.
First Deputy:
Ing. Book v. r.
TRADE AGREEMENT
between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Panama
The Government of the Czechoslovak Socialist Republic and the Government of the Republic of Panama, wishing to contribute to the development and consolidation of trade relations between the two countries on the basis of equality and mutual advantages, have agreed as follows:
The Parties shall provide each other with the most-favoured-nation treatment of all trade-related issues.
The provisions of this Article shall not apply to:
(a) the advantages and privileges which either Party has granted or in the future to neighbouring countries in order to facilitate border trade;
(b) the advantages resulting from customs contracts and agreements or multilateral integration clusters of a commercial or economic nature of which the Contracting Party is or may become a member;
(c) as regards Panama, the advantages and privileges which it has granted or could in the future be granted to the countries of the Central American region or other developing countries.
The Parties will allow the import and export of goods from one country to another within the framework of the laws, provisions and regulations in force in both countries.
The Contracting Parties shall take the measures necessary to protect against any form of unfair competition in their territories.
Commercial operations under this Agreement will be carried out between the Czech Foreign Trade Organisations as independent legal persons, on the one hand, and the Panamanian natural and legal persons of a public and private nature, on the other hand, in the observance of the rules on import, export and control of foreign exchange in force in both countries.
The prices of goods supplied under this Agreement shall be agreed between the Parties, taking into account the prices reached on the main international markets.
All payments between the Czechoslovak Socialist Republic and the Republic of Panama shall be made in freely convertible currencies agreed between the two parties and in accordance with the rules in force in each of the two countries.
The Parties may agree without prejudice to the provisions of this Agreement on matters relating to financing, transport of goods and technological cooperation.
The Parties shall cooperate on the issues of participation in trade fairs in both countries, on the organisation of exhibitions of one country in the territory of the other country under conditions agreed by the relevant organisations of both countries.
Goods intended for trade fairs and exhibitions as well as samples of goods without commercial value shall not be subject to customs duties and other charges of the same nature in accordance with the legislation of both countries.
In order to monitor this Agreement and to draw up recommendations for increasing and extending trade and economic relations between the two countries, the Parties have undertaken to establish a Joint Commission, which will meet alternately in Czechoslovakia or Panama at the request of either Party. The Commission shall consist of representatives appointed by each Party.
The provisions of this Agreement shall also apply to contracts concluded during its validity, which, however, were not fully fulfilled at the time of expiry of this Agreement.
This Agreement shall be applied on a provisional basis from the date of its signature and shall enter into force on the date on which both Contracting Parties, having complied with the internal legal provisions, notify each other that they have been approved.
The Agreement shall be valid for two (2) years and shall be automatically extended by one (1) year, unless one of the Contracting Parties, not later than six (6) months before its expiry date, notifies the other Contracting Party of its decision not to extend its validity.
Done at Panama, the Republic of Panama, on 17 April 1979, in duplicate in the Spanish language, the two copies being equally authentic.
For the Government
Czechoslovak Socialist
Republic:
Ing. J. Jakubec v. r.
For the Government
Republic of Panama:
Ing. Juan José Amádeo III v. r.
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Regulation Information
| Citation | Decree of the Minister of Foreign Affairs No. 72 / 1980 Coll., on the Trade Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Panama |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 01.07.1980 |
|---|---|
| Effective from | 02.01.1980 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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