On approval of the Agreement between the Republic of Kazakhstan and the Republic of Belarus on Long-term Economic Cooperation for 2009 - 2016

Decree of the President of the Republic of Kazakhstan dated March 1, 2012 No. 275

In accordance with subparagraph 1) of Article 15 of the Law of the Republic of Kazakhstan dated May 30, 2005 "On International Treaties of the Republic of Kazakhstan"

I DECREE:    

1. Approve The Agreement between the Republic of Kazakhstan and the Republic of Belarus on long-term economic cooperation for 2009 - 2016, signed in Minsk on June 10, 2009.      

2. This Decree shall enter into force from the date of signing.

     President of the Republic of Kazakhstan N.Nazarbayev

Agreement*between the Republic of Kazakhstan and the Republic of Belarus on Long-term Economic cooperation 2009-2016

(Entered into force on March 19, 2012 - Bulletin of International Treaties of the Republic of Kazakhstan 2012, No. 3, art. 36)

     The Republic of Kazakhstan and the Republic of Belarus, hereinafter referred to as the Parties, guided by The Treaty of Friendship and Cooperation between the Republic of Kazakhstan and the Republic of Belarus dated January 17, 1996, the Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Belarus on the Principles of Trade and Economic Cooperation dated September 16, 1992, as well as generally accepted norms and principles of international law, realizing the need to further strengthen and develop equal and mutually beneficial trade, economic and industrial relations, counting, that long-term and mutually beneficial economic cooperation, effective use of the economic, scientific and technical potential of the Parties serve to improve the well-being of their peoples, attaching great importance to the dynamic development of the economy and the implementation of economic reforms, agreed as follows:

Article 1

     The parties implement The Program of Economic Cooperation between the Republic of Kazakhstan and the Republic of Belarus for 2009-2016 (hereinafter referred to as the Program), which is an integral part of this Agreement.

Article 2

     The Parties shall carry out economic cooperation on the basis of strict observance of generally recognized principles of international law, including through the conclusion of agreements between government bodies, directly between business entities, regardless of forms of ownership and organizational subordination, in compliance with the national legislation of the Parties.      The responsibility for fulfilling the obligations assumed is borne by business entities that have concluded contracts in accordance with the national legislation of the Parties.      The Parties undertake to refrain from actions detrimental to the interests of the economy of each of the Parties.

Article 3

     The parties agreed to entrust the Intergovernmental Kazakh-Belarusian Commission on Trade and Economic Cooperation (hereinafter referred to as the Commission) with coordinating the implementation of the Program and monitoring the progress of its implementation and, if necessary, developing proposals for making changes to it.      The progress of the Program is reviewed at the meetings of the Commission at least once a year.

Article 4

     In case of disputes arising in the interpretation and application of the provisions of this Agreement, the Parties will resolve them through mutual consultations and negotiations.

Article 5

     By mutual agreement of the Parties, amendments and additions may be made to this Agreement, which are its integral parts, formalized by separate protocols that enter into force in accordance with the procedure provided for in Article 7 of this Agreement.

Article 6

     This Agreement does not affect the rights and obligations of the Parties arising from other international treaties to which they are parties.

Article 7

     This Agreement shall be temporarily applied from the date of its signing to the extent that it does not contradict the national legislation of the Parties, and shall enter into force from the date of receipt of the last written notification on the completion by the Parties of the internal procedures necessary for the entry into force of the Agreement.      The termination of this Agreement does not affect the implementation of projects, the implementation of which was initiated before the termination of this Agreement, unless the Parties agree otherwise.

Article 8

     Each of the Parties may terminate this Agreement by notifying the other Party in writing. In this case, the Agreement shall terminate after 6 (six) months from the date of receipt of such notification.      Done in Minsk on June 10, 2009 in two original copies, each in Kazakh and Russian languages, all texts being equally authentic.      In case of disagreement in the interpretation of the provisions of this Agreement, the Parties will refer to the text in Russian.

     For the Republic For the Republic        Kazakhstan Belarus

President    

Republic of Kazakhstan     

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