7. pants

Šis līgums tiek noslēgts uz

nenoteiktu laiku un stājas spēkā dienā, kad saņemts pēdējais

rakstiskais paziņojums, kas apstiprina, ka ir izpildītas iekšējās

procedūras, lai līgums stātos spēkā.

Jebkura Puse var izbeigt šā līguma

darbību, ja pa diplomātiskajiem kanāliem iesniedz otrai Pusei

attiecīgu rakstisku paziņojumu. Šādos gadījumos līguma darbība

tiek izbeigta pēc trīs mēnešiem no dienas, kad otra Puse ir

saņēmusi šādu rakstisku paziņojumu.

Šis līgums ir parakstīts Rīgā

2006.gada 4. oktobrī divos oriģināleksemplāros, katrs

azerbaidžāņu, angļu un latviešu valodā, un visi teksti ir

vienlīdz autentiski. Atšķirīgas šā līguma interpretācijas

gadījumā noteicošais ir teksts angļu valodā.

Latvijas Republikas

Finanšu ministrijas vārdā

Azerbaidžānas

Republikas

Finanšu ministrijas vārdā

Cooperation Agreement between

Ministry of Finance of Republic of Latvia and Ministry of Finance

of the Republic of Azerbaijan

The Ministry of Finance of

Republic of Latvia and the Ministry of Finance of the Republic of

Azerbaijan (hereinafter called "the Parties")

whereas striving to develop and

expand the cooperation in the fields of tax policy, customs

legislation, internal audit, budget planning and execution and

other financial areas, which meet the requirement and practice of

international market;

striving to gradually integrate

the economies of the Republic of Latvia and the Republic of

Azerbaijan to world financial links;

considering the changes which

occur in economic development of the Republic of Latvia and the

Republic of Azerbaijan and on the basis of mutual interest

regarding the efficiency of the implementation of the

problems

agree as follows:

Article 1

The Parties shall assist to

cooperation, hold consultations and exchange of experiences on

financial and credit relations issues, in particular:

- organizational structure of

financial authorities in an atmosphere of economic independence

and transition to market relations;

- main principles and approaches

in the formation of effective tax system, payment and collection

(direct and indirect taxes);

- creation of the necessary

database for providing of efficient control on complete tax

payment and collections;

- main principles and approaches

in respect of foreign investment, usage in structural

transformation of economy;

- formation of efficient social

protection mechanism of population and the source of its

financing in an atmosphere of market economy;

- economic sources of government

regulation of wages and prices.

Article 2

In order to establish the

favorable conditions for the entrepreneurship, the Parties shall

promote the implementation of the Convention between the

Government of the Republic of Latvia and the Government of the

Republic of Azerbaijan for the avoidance of double taxation with

respect to taxes on income and on capital.

Article 3

The parties if needed would

establish joint interdepartmental commissions to study the

aforementioned issues, carry out the scientific researches, which

represent mutual interest for both countries.

Article 4

The Parties express their

interests in regular information exchange on financial and

economic development issues of the Republic of Latvia and the

Republic of Azerbaijan.

Article 5

The Parties have agreed on

establishment favorable conditions for experience exchange,

including training of appropriate experts, carrying out

scientific and practical conferences and workshops on

aforementioned issues.

Article 6

All divergences concerning the

interpretation and application of this Agreement shall be

amicably settled through negotiations and consultations between

the Parties.

Article 7

This Agreement shall be concluded

to indefinite period and shall enter into force on the date of

last written notification on implementation of internal legal

procedures necessary for its entry into force.

Either Party may at any time give

written notification through diplomatic channels to the other

Party of its decision to terminate this Agreement. In such cases,

the Agreement shall terminate 3 months after the date of receipt

of the written notification by the Party.

This Agreement has been signed in

Riga on October 4, 2006 in two original copies, each in Azeri,

English and Latvian and all texts being equally authentic. In

case of any discrepancy concerning the interpretation and

application of this Agreement the Parties shall refer to English

text.

On behalf of the

Ministry of Finance of the

Republic

of Latvia

On behalf of the

Ministry of Finance

of the Republic

of Azerbaijan