Agreement

AGREEMENT

between the Government of the Russian Federation and the Government of the Republic of Tatarstan
"On Delimitation of Authority in the Sphere of Foreign Economic Relations"

The Government of the Russian Federation and the Government of the Republic of Tatarstan, further referred to as the "Parties",

taking into account the Declarations on State Sovereignty of the Russian Federation and the Republic of Tatarstan;

governed by the Constitution of the Russian Federation and by the Constitution of the Republic of Tatarstan;

proceeding from the necessity to differentiate the authorities of the Parties in the sphere of foreign economic activities;

bearing in mind the mutual interest of the Parties to strengthen cooperation in the sphere of foreign economic relations;

agreed on the following:

Article I

The Russian Federation and the Republic of Tatarstan shall coordinate the form of concept and the program on development of foreign economic relations and match them within the matters of joint authority.

Article II

The matters of foreign economic relations relating to the sphere of joint authority of the Russian Federation and of the Republic of Tatarstan are as follows:

to protect economic interests of the Republic of Tatarstan, enterprises, organizations and citizens of the Republic of Tatarstan abroad;

to set quantitative restrictions on the export of quoted products manufactured in the Republic of Tatarstan, including oil and oil products in accordance with the Agreement between the Government of the Russian Federation and the Government of the Republic of Tatarstan on sale and transportation of oil and oil products dated June 5, 1993;

to exercise control over payment/settlement relations with foreign countries;

to establish trade-economic treatment for the relations with foreign countries, international trade economic, currency-financial organizations;

to license investments made by the Republic of Tatarstan outside the Republic.

Article III

The matters of foreign economic relations pertaining to the exclusive authority of the Republic of Tatarstan are as follows:

to conclude foreign economic agreements with the subjects of foreign federations, administrative-territorial entities of other countries;

to conclude trade-economic agreements of the Republic of Tatarstan with foreign countries;

to attract governmental, bank and commercial credits and loans against the guaranties of the Government of the Republic of Tatarstan, to exercise control over their utilization;

to form the Currency Fund of the Republic of Tatarstan, to exercise control over its utilization;

to work out and conduct the policy of attracting foreign investments in the territory of the Republic of Tatarstan;

to grant guaranties to the participants of foreign economic activities of the Republic of Tatarstan;

to participate in the work of international economic and financial organizations and bodies;

to receive aid from foreign partners and utilize it;

to grant credits, loans and render aid to foreign partners;

to create free economic zones in the territory of the Republic of Tatarstan.

Article IV

The Parties in the person of the Ministry of Foreign Economic Relations of the Russian Federation and the Ministry of Foreign Economic Relations of the Republic of Tatarstan, shall hold consultations on the matters of executing the present Agreement not less than once a year.

Article V

The present Agreement comes into force from the date of its signing and is concluded for 5 years and win be automatically prolonged for the next period, unless one of the Parties informs the other party by written notification of its intention to terminate the present Agreement not less than 6 months prior to expire date of the present Agreement.

For the Government             For the Government
of the Russian Federation      of the Republic of Tatarstan

Moscow
February 15, 1994