Trade Agreement Between the Government of the Kingdom of Cambodia
and the Government of the Republic of Indonesia
The
Government of the Kingdom of Cambodia and the Government of the Republic
of Indonesia, hereinafter referred to as " the Contracting
Parties";
Desirous of
expanding and strengthening trade relations between the two countries on
the basis of the principles of equality, mutual benefit and most favoured
nation for the purpose of enhancing their respective economic development;
Have Agreed As Follows:
Article I:
The Contracting Parties shall, within the framework of their respective laws and regulations, take all the appropriate measures to facilitate, strengthen, consolidate and diversify the trade between the two countries on a long term and stable basis.
Article II:
The Contracting Parties shall, within the limit of laws and regulations in force in their respective countries, grant each other most-favoured-nation treatment with respect to customs duties and other taxes and duties applicable to trade exchange between the two countries as agreed upon by them in the General Agreement on Trade and Tariff (GATT- 1994)
In case problems of access to market in their trade relations emerge, both Contracting Parties upon request by one of them, shall in the spirit of cooperation and mutual understanding find an adequate solution.
Article III:
The
provisions of Article II shall not apply to:
(a) Preferences and advantages which either of the Contracting Parties has granted or may grant to neighbouring countries in order to facilitate their frontier trade; and
(b) Exclusive preferential treatment which results from any customs union or free trade areas or regional economic groupings to which either of the Contracting Parties is or may become a member.
The trade of goods and products between the two countries, will be carried out in accordance with the prevailing laws and regulations of the respective countries.
Article IV:
The Contracting Parties shall agree, subject to their respective laws and regulations, to accord facilities for participating in fairs and exhibitions, and organize visits of businessmen.
Exemption from customs duties and other similar charges on articles and samples intended for fairs and exhibitions, as well as their entry, leaving, sale and disposition shall be subject to the laws and regulations of the country where the fairs or exhibitions are held.
Article V:
All payments under the Agreement shall be freely made in all convertible currencies in accordance with the regulations in force in the two respective countries.
Article VI:
Each Contracting Party shall, in accordance with its existing laws and regulation, grant to the individuals of the other country, pursuant to provisions of this Agreement, all assistance necessary to facilitate their work and ensure the successful performance of their tasks.
Article VII:
The representatives of both Contracting Parties, upon request by either of them, shall in the spirit of cooperation and mutual understanding discuss measures aimed at broader trade relations between the two countries and solution of problems arising from the implementation of this Agreement. The place and date of such discussions shall be established if deemed necessary by mutual consent.
Article VIII:
The present Agreement shall not prevent either of the Contracting Parties from applying prohibition or restriction of any measure which is directed to the protection of its essential security interest and public health or the prevention of diseases and pests in animals or plants.
Article IX:
Any dispute arising out of the interpretation or implementation of the provisions of this Agreement shall be settled amicably through diplomatic channels between the Contracting Parties.
Article X:
This
Agreement shall enter into force on the date of the last notification by
which the Contracting Parties notify each other that their constitutional
requirements have been fulfilled. It shall be valid for a period of 5
(five) years and shall continue in force there after for another period of
5 (five) years and so forth unless either Contracting Party notifies in
writing of its intention to terminate this Agreement 3 (three) months
before expiry of this Agreement.
The
provisions of this Agreement shall remain equally applicable after its
termination in respect of all contracts concluded during the period of its
validity but which have not been fully implemented on the date of its
expiry.
At the
request of either Contracting Party, the present Agreement may be amended
or revised by mutual consent.
IN WITNESS
WHEREOF the undersigned, being duly authorized thereto by their respective
Governments, have signed the present Agreement.
Done in
duplicate at Phnom Penh, on the 18th of February, 1997 in the Khmer,
Indonesian and English languages, all texts being equally authentic. In
case of any divergence on the interpretation about this agreement, the
English text shall prevail.
For the Government of For the Government of
the Kingdom of Cambodia the Republic of Indonesia
Cham Prasidh Ali Alatas
Minister of Commerce Minister for Foreign Affairs