Memorandum on the co-operation between the State Antimonopoly Committee of Russian Federation and the Office of Economic Competition of the Republic of Hungary
State Committee of Russian Federation for Antimonopoly Policy and Office of Economic Competition of the Republic of Hungary hereinafter referred as Parties, expressing the wish to promote co-operation in the field of competition policy, aiming at creation of favourable conditions for development of the bilateral relations, proceeding from the principles of equality and mutual benefit, taking into consideration the decisive role of competition in development of economics of both countries have agreed as follows:
1. The Parties will promote and strengthen co-operation in the field of competition policy.
2. Co-operation between the Parties will be realized in the case of mutual interest in the basic directions as follows:
- improvement of the legal framework on restrictive business practices, unfair competition; state antimonopoly control and regulation;
- exercising the practical measures on privatisation, demonopolization and competition development and analysis of its results;
- exchange of experience in the field of investigation of cases, concerning the infringement of competition legislation;
- setting up of the conditions for effective functioning both product markets and stock markets;
- development of scientific and methodological basis for research in the field of competition policy.
3. The main forms of the Parties interaction in field of competition policy may be as follows:
- exchange of legal documents and information;
- rendering methodological assistance, exchange of expert studies and consultations;
- involving each other in training for the specialists of both Parties with the purpose of exchange of experience;
- organisation of bilateral and multilateral symposiums, conferences and seminars.
4. Co-operation between the Parties will be realized on the basis of annual programmes.
5. The Parties should make their best to settle, through friendly means, all discrepancies and disputes if any arising from cooperation under this Memorandum.
6. The Memorandum will not infringe and/or otherwise affect the rights and obligations of the parties relating to other international agreements where they participate.
7. The present Memorandum will come into force from the date of effective signatures and will be effective before expiration of 6 months from the date of the written notification by one of the parties on its intention to cease its effect.
Discontinuance of the present Memorandum will not affect the programs and projects started in the framework of this Memorandum.
The Memorandum is signed on 29th August 1997 in Budapest.
Two copies of the Memorandum, written in Hungarian and Russian and English languages, are all of equal authenticity and force.
