Declaration on intention for cooperation in the sphere of antimonopoly policy between the Ministry of the Russian Federation for antimonopoly policy and support to entrepreneurship and the Ministry for the production and the commerce of Bolivarian Republic of Venezuela
The Ministry of the Russian Federation for Antimonopoly Policy and Support to Entrepreneurship and the Ministry for the Production and the Commerce of Bolivarian Republic of Venezuela, hereinafter referred to as «the Parties»
expressing a will to develop a cooperation in the sphere of competition policy;
aiming at arrangement of conditions favourable for the development of bilateral relation and expansion of trade and economic connections;
proceeding from the principles of equality and mutual benefit;
taking into consideration the determinant part of competition in the economic development of both countries;
by the present Declaration express their intention to persecute the following objectives:
1. Cooperation of the Parties shall be exercised in the basic directions as follows:
exchange information on the most important recent developments in the national competition legislation of the Parties;
exchange experience in the field of conducting investigations relevant to violations of competition legislation;
exchange experience in the field of taking into consideration antimonopoly requirements when conducting foreign trade policy;
creation of favourable conditions for efficient work of commodity and fund markets;
development of scientific and methodological basis for competition law research;
2. The main forms of cooperation between the Parties in the sphere of competition policy are as follows:
interchange of legislative acts, informational, methodological and other sorts of material between the Parties;
providing methodical assistance, interchange of research results, holding consultation;
attracting specialists of that other Party for taking part in the training process and probation aimed at experience exchange;
holding bilateral symposium, conferences and seminars.
3. The Parties shall start work on preparing Agreement on Cooperation in the Sphere of Antimonopoly Policy between the Ministry of the Russian Federation for Antimonopoly Policy and Support to Entrepreneurship and the
Ministry for the Production and the Commerce of Bolivarian Republic of Venezuela.
Done in Caracas this 22 day of December of 2003 in duplicate in the Russian, Spanish and English languages, all texts being equally authentic. In the case of divergence between the Russian and the Spanish texts, English text shall be the operative one.
