Điều ước quốc tế Khongso

AGREEMENT

ON TRADE, ECONOMIC AND TECHNICAL COOPERATION BETWEEN THE GOVERNMENT OF SOCIALIST REPUBLIC OF VIETNAM AND THE GOVERNMENT OF THE KINGDOM OF THAILAND (1978)

The Government of the Socialist Republic of Vietnam and the Government of the Kingdom of Thailand (hereinafter referred to as the Parties) wish to reinforce the direct trade and develop the economic and technical cooperation between the two countries on the basis of equal and mutually beneficial relationship;

The Parties agree with the following provisions:

TRADE

Article 1:

Both Parties will try to develop trading activities in accordance with the applicable law provisions of each Party.

Article 2:

Both Parties will provide the most favorable policies for each other in accordance with applicable law provisions on taxation and other charges related to the export and import between the two Parties.

Article 3:

Regulations in Article 2 do not obstruct any preferential treatment that the two Parties provide for:

a) Neighboring countries, in order to facilitate the trading activities across the border.

b) The accession to associations of cooperation in customs or free trade area or any agreement that leads to the establishment of organizations of which any of the two Parties is currently or possibly a member, or due to the accession to a multilateral agreement in economic cooperation.

Article 4:

1. All the trading activities between the two Parties shall be conformable to applicable law provisions of each Party on import and export control, foreign currency control and other activities related to the control of foreign trade and financial solution.

2. The two Parties must comply with their own current law provisions on import, export, foreign exchange and other applicable regulations, facilitate the achievement of targets for increasing the commercial value between the two Parties and in the sections related to goods on the Lists A and B of Appendixes 1 and 2 enclosed with this agreement. Such Lists may be modified under an agreement between the two Parties.

Article 5:

The payment between the Kingdom of Thailand and Socialist Republic of Vietnam shall be made using convertible foreign currencies.

Article 6:

In any case of necessity, two Parties of the contract will negotiate to find measures for reinforcing the bilateral commercial relationship or eliminating possible difficulties during the implementation of this agreement.

Article 7:

To promote the trading activities between the two Parties according to provisions and requirements that will be agreed by competent authorities, the two Parties must comply with their own current law provisions and, within their capability, enable each Party to participate in commercial fairs/exhibitions organized outside their territory by the other Party.

Article 8:

Two Parties must comply with their own current laws, excluding customs tax or other financial charges for goods originated in the other Party, including:

a) Goods displayed in fairs and exhibitions that must not be sold and must be re-exported according to regulations of each Party.

b) Sample goods used only for noncommercial purposes

Article 9:

Through competent organizations/agencies, the two Parties shall try their best to develop their economic and technical cooperation by possible methods conformable to their own law provisions.

The two Parties express a wish to cooperate by exchanging technical solutions, experts, specialists, highly skilled employees; the two Parties agreed to consider the gained experience and potentiality in every sector and at the request of each Party.

GENERAL PROVISIONS

Article 10:

In the furtherance of this Agreement, both Parties agreed to establish a joint committee so that in case of necessity and at the request of each Party, a meeting will be held in Hanoi or Bangkok to gradually achieve targets suitable for trade development and economic and technical cooperation between the two Parties and to solve possible issues.

Article 11:

The supply of goods between the two countries shall be carried out according to contracts or agreements between the two Parties and their companies and organizations.

Article 12:

The agreement will be effective for 1 year from the day on which it is signed and will be automatically extended every year until a Party issues a notification of its termination 3 months in advance.

This agreement shall be modified under an agreement between the two Parties.

Any modification or termination of this Agreement will be made without impact on rights and obligations arising in accordance with the Agreement before the day this Agreement is modified or terminated.

The signatories of this Agreement have been legally authorized by each Party.

This Agreement is signed on 11/01/1978 in Bangkok, sealed and is made in two copies in Thai, Vietnamese and English with equal value. If there is discrepancy in meaning between the Vietnamese copy and the Thai copy, the English contents shall prevail.