AGREEMENT 
BETWEEN
THE GOVERNMENT OF THE SLOVAK REPUBLIC
AND 
THE GOVERNMENT OF THE REPUBLIC OF TURKEY
 ON ECONOMIC COOPERATION

	The Government of the Slovak Republic and the Government of the Republic of Turkey, hereafter referred to as “the Parties”, 

	Inspired by the traditional links of friendship, which exist between the Slovak Republic and the Republic of Turkey, 
	Desirous of developing and intensifying their economic, industrial, technical and technological cooperation on the basis of reciprocity and mutual benefit,
	Conscious of the necessity of existence of an adequate legal framework for Slovak-Turkish relations in accordance with the applicable legislation and regulations in the two countries, respectively 	
	Have agreed as follows:  

ARTICLE   I
Objectives
The Parties agree that the objectives of the Agreement, in accordance with laws and regulations in force in each country, are to: 

(a)	Promote the activities of respective sectors in endeavours to increase bilateral economic, technical and technological cooperation,
(b)	Support and develop business contacts and related opportunities,
(c)	Facilitate the expansion of bilateral investment and the identification of economic and investment opportunities in their respective countries,
(d)	Encourage the cooperation in areas of mutual interest related to economic  development, 
(e)	Reinforce the cooperation for the overall enhancement of the economic relationship between the two countries,

ARTICLE   II
Economic Cooperation

	The Parties, within the framework of their respective legislation in force, make every effort to develop and strengthen economic cooperation, on a basis as broad as possible, in all fields deemed to be in their mutual interest and benefit. The Parties share a commitment to the principles of free market economy.  They consequently agree to encourage and facilitate greater cooperation between their public and private institutions in accordance with laws and regulations in force in each country. To this end, they agree to:

a)	Exchange information on the economic development and bilateral trade exchange between the two countries,
b)	Identify and facilitate investment opportunities in the private sector and parastatal enterprises, 
c)	Promote and support economic and investment missions, market analyses, exchange of commercial and marketing information, business and institutional linkages, and other initiatives which bring together potential business partners,
d)	Inform each other of the existing facilities concerning trade fairs, exhibitions, entrepreneurial missions and other promotional activities, 
e)	Facilitate an exchange of public sector experts and technicians, 
f)	Explore and promote joint business possibilities in third countries arising from partnership between Slovak and Turkish companies.
g)	Promote and enhance private and public sectors’ industrial, technical and technological cooperation,

ARTICLE III
Joint Economic Commission

1.	A “Slovak-Turkish Joint Economic Commission”, hereafter referred to as “the Commission”, is hereby established by the Parties to accomplish the objectives of this Agreement. 
2.	The meetings of the Commission shall be convened by mutual consent upon request by each Party alternately in Slovakia and Turkey. 
3.	The duties of the Commission shall comprise, in particular, the following: 
(a)	Establish general guidelines for economic cooperation;
(b) 	Identifying new possibilities for the further development of future economic co-operation; 
(c) 	Drawing up suggestions for the improvement of terms for the economic co-operation between enterprises of both countries; and 
(d) 	Making recommendations for the successful application and           implementation of this Agreement. 

4.	The Commission will be composed of the experts of the two Parties and the representatives of relevant public and private sector organisations.

ARTICLE   IV
Final Provisions

1.	Nothing in this Agreement shall prejudice or affect the rights and obligations of either Party under international agreements to which either of them is party. 
2. The provisions of this Agreement may not be interpreted in such a way as to invalidate or otherwise affect the obligations arising from Slovakia’s membership in the European Union and the obligations imposed by the Treaty establishing the European Community or by the Association Agreement between the European Economic Community and Turkey.
3. This Agreement shall enter into force 30days after the latter notification by which the Parties have informed each other that the legal and other procedures necessary for bringing into force this Agreement have been completed. 
4. This Agreement shall be valid for a period of five (5) years; thereafter it shall be extended every year, unless a written notice of termination is given by either Party three (3) months prior to its expiration.
5. Any dispute between the Parties relating to the interpretation or implementation of this Agreement shall be resolved without unreasonable delay, by friendly consultations and negotiations.  
6. Any amendment or modification to the present Agreement shall be in written notice and approved by the Parties.  
7. The amendment or termination of this Agreement shall not affect the validity of arrangements and contracts already concluded under this Agreement. 

 
Done in  …………………., on  ……………………., in two originals, each in the Slovak language, Turkish language and English language, all being equally authentic. In case of divergence in the interpretation of this Agreement, the English text shall prevail.

FOR THE GOVERNMENT OF 	     		      FOR THE GOVERNMENT OF
  THE SLOVAK REPUBLIC		    		      THE REPUBLIC OF TURKEY