Agreement between the Government of the Republic of Kazakhstan and the Government of the Federative Republic of Brazil on Trade and Economic Cooperation (September 26, 2007)

draft

Agreement
between the Government of the Republic of Kazakhstan and
the Government of the Federative Republic of Brazil
on Trade and Economic Cooperation
(September 26, 2007)

The Government of the Republic of Kazakhstan and the Government of the Federative Republic of Brazil (hereinafter referred to as «the Parties»),

desirous of developing and enhancing long term trade and economic cooperation based on equality and mutual benefit,

convinced that this Agreement is an appropriate and firm foundation for stable and harmonious development and diversification of trade and economic cooperation between their States,

have agreed as follows:

Article 1

The Parties shall promote, support and encourage further development of economic cooperation between their States. The Parties shall in accordance with the provisions of this Agreement and with the national legislations of their States, promote various forms of economic links among the natural and legal persons of their States.

Article 2

The Parties shall accord each other most-favored-nation treatment for goods originating from territories of their States. The Parties have the right to grant preferential treatment in the framework of free trade and customs union agreements to which they are a party, preferential agreements with developing states or the concession of unilateral preferences to developing countries.

Article 3

All calculations and payments between the Parties resulting from trade cooperation shall be carried out in freely convertible currency in any form stipulated by national legislations of their States and in accordance with international banking practice unless otherwise agreed by the Parties.

Article 4

The Parties, within the scope of their authority, shall provide stable conditions for the development of trade and other forms of economic cooperation between their States, in particular cooperation in the economic, industrial, technical and scientific-technological domains.

Article 5

With the purpose of developing trade and economic cooperation, the Parties shall maintain an exchange of information, concerning national legislations of their States and economic programs, as well as other information of mutual interest.

Article 6