Decree No 75 / 1972 Coll.
Decree of the Minister for Foreign Affairs on the Long-term Trade Agreement between the Czechoslovak Socialist Republic and the Kingdom of Denmark
Valid
Effective from 17.03.1972
75
DECLARATION
Minister for Foreign Affairs
of 19 September 1972
on the Long-term Trade Agreement between the Czechoslovak Socialist Republic and the Kingdom of Denmark
A long-term trade agreement between the Czechoslovak Socialist Republic and the Kingdom of Denmark was signed in Prague on 17 March 1972.
Pursuant to Article VI (1) of the Agreement, the Agreement entered into force on the date of signature, 17 March 1972.
The Czech translation of the Agreement is announced simultaneously.
First Deputy Minister:
Landscape v.r.
LONG-TERM TRADE AGREEMENT
between the Czechoslovak Socialist Republic and the Kingdom of Denmark
Government of the Czechoslovak Socialist Republic and Government of the Kingdom of Denmark
bearing in mind its common interest in the expansion of trade which has developed under the previous Long-term Trade Agreement,
taking into account the favourable conditions for the further development of trade between the two countries,
Desiring to facilitate and deepen trade relations between the two countries on the basis of equality and mutual advantages,
they have agreed as follows:
1. The Parties shall endeavour to ensure the harmonious and mutually beneficial development of trade between the two countries by providing each other with favourable conditions for a substantial increase in such trade in order to establish a basis for the continuous development of economic relations between the two countries.
2. The Parties shall continue their policy of removing any barriers to the free exchange of goods between the markets of both countries and shall endeavour to expand the types of goods in trade between themselves.
1. Trade between the two countries will be governed by the General Agreement on Tariffs and Trade (GATT), which includes the Czechoslovak Socialist Republic and the Kingdom of Denmark.
2. The exchange of goods between the Czechoslovak Socialist Republic and the Kingdom of Denmark shall be carried out in accordance with the provisions of this Agreement and on the basis of annual protocols forming an integral part of this Agreement.
3. The authorities of both Contracting Parties shall issue all authorisations - including import and export licences, if required, up to the quantity or value of goods included in the instrument of incorporation annexed to the annual protocols.
Contracts for goods and services under this Agreement shall be concluded between Czechoslovak legal persons authorised under Czechoslovak laws for foreign trade activities and legal persons having their registered office and natural persons residing in Denmark.
1. The Parties shall establish a Joint Commission to examine and monitor the correct implementation of this Agreement. The Joint Commission shall discuss past trade and other issues relating to economic relations between the two countries, shall submit proposals and recommendations to the relevant governments in order to resolve each issue favourably and shall conclude the annual protocols referred to in Article II (2).
2. The Joint Commission will meet at least once a year, alternately in Prague and Copenhagen. Special meetings of the Joint Commission shall be convened at the request of one of the Parties and shall take place no later than 30 days after such request at a place agreed between them. On the agenda of the extraordinary meeting will be the individual questions concerning trade which either Party will be interested in discussing.
Payments between the two countries shall be made in convertible currencies in accordance with the foreign exchange rules applicable in each of the two countries.
1. This Agreement shall enter into force on the date of signature and shall apply until 31 December 1974. It replaces the Long-term Trade and Payment Agreement between the Czechoslovak Socialist Republic and the Kingdom of Denmark signed in Copenhagen on 9 June 1966.
2. Taking into account their international obligations, the Contracting Parties reserve the right to open negotiations on the necessary adaptations to this Agreement, but such amendments may not affect the fundamental objectives of this Agreement relating to the promotion of trade between the two countries.
3. The validity of this Agreement shall be extended by one year in silence unless one of the Contracting Parties denies it three months before its expiry.
4. Termination of this Agreement shall have no effect on the validity and performance of contracts concluded between the organisations, institutions and undertakings of both countries during the period of validity of this Agreement.
Written in Prague on 17 March 1972 in two original copies in English.
For the Government
Czechoslovak Socialist Republic:
Ing. A. Barčák v. r.
For the Government
Kingdom of Denmark:
Ivar Nørgaard v. r.
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Regulation Information
| Citation | Decree No 75 / 1972 Coll., on the Long-term Trade Agreement between the Czechoslovak Socialist Republic and the Kingdom of Denmark |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 06.10.1972 |
|---|---|
| Effective from | 17.03.1972 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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