The Verkhovna Rada of Ukraine adopted the Law "To ratify the Agreement between Ukraine and Turkmenistan regarding long-term economic and trade cooperation"

Information Department
04 July 2012, 13:32

The Agreement aims at equal and mutually beneficial economic and trade relations between Ukraine and Turkmenistan, strengthening of inter-bank relations, establishment of joint industrial structures, stimulation of investment activity as well as implementation of interstate programs on economic and trade cooperation.

According to the Agreement, long-term economic cooperation based on equality, mutual benefit, conscientious fulfillment of obligations between Ukraine and Turkmenistan will operate on the basis of international programs on economic and trade cooperation.

According to the Agreement, economic cooperation between Ukraine and Turkmenistan will be implemented due to the interaction between the bodies of foreign economic activity of both states, regardless of forms of ownership, in line with universally recognized norms of international law and national legislation.

The respective bill was registered under No. 0260.