The Bill (Reg. No.0034) proposes the ratification of the Charter of The Organisation for Democracy and Economic Development GUAM, which is an Inter-state International Treaty and is subject to ratification by Parliaments of GUAM Member Countries, pursuant to Article 19.
The Charter sets out the objectives and principles of The Organisation, and its major priorities and structure. Creation of a Council is envisaged at four levels, those of State Leaders, Ministers of Foreign Affairs, National Coordinators, and Permanent Delegates.
A Secretariat of The Organisation will be also set up.
The provisions of this Document set out a decision-taking procedure within The Organisation, and its interaction with other International Organizations and States, together with a procedure for joining and withdrawing from The Organization .
The Charter also introduces a Partner institution, subject to a special legal relationship within The Organisation, and envisages the conclusion of a special International Agreement to define the scope of the privileges and immunities required to achieve The Organisation's objectives (this Agreement was signed at the GUAM Summit in Baku, on 19 June 2007).
The authors of this Bill believe that its passing will improve Ukraine's leading role in The Organisation, whose activities, when commenced, will create conditions for the promotion of the common interests of the GUAM Member States, and will enhance their European integration, with the aim of creating a common security environment, and extend economic and humanitarian cooperation in those areas which are of significance to Ukraine.