Agreement on Partnership and Cooperation Establishing a Partnership Between the European Communities and Their Member States, of One Part, and the Russian Federation, of the Other Part (Corfu, 24 June 1994)

Authentic text

AGREEMENT
ON PARTNERSHIP AND COOPERATION ESTABLISHING A PARTNERSHIP BETWEEN THE EUROPEAN COMMUNITIES AND THEIR MEMBER STATES, OF ONE PART, AND THE RUSSIAN FEDERATION, OF THE OTHER PART
(Corfu, 24 June 1994)

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As concerns applicability of this Agreement to the new EC Member-States see Protocols of 21 May 1997, 27 April 2004, 27 April 2007 and 17 December 2014

See Final Act of Agreement on Partnership and Cooperation Establishing a Partnership Between the European Communities and Their Member States, of One Part, and the Russian Federation, of the Other Part (Corfu, 24 June 1994)

The KINGDOM OF BELGIUM,

the KINGDOM OF DENMARK,

the FEDERAL REPUBLIC OF GERMANY,

the HELLENIC REPUBLIC,

the KINGDOM OF SPAIN,

the FRENCH REPUBLIC,

IRELAND,

the ITALIAN REPUBLIC,

the GRAND DUCHY OF LUXEMBOURG,

the KINGDOM OF THE NETHERLANDS,

the PORTUGUESE REPUBLIC,

the UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND,

Contracting Parties to the Treaty establishing the European Community, the Treaty establishing the European Coal and Steel Community, and the Treaty establishing the European Atomic Energy Community,

hereinafter referred to as "Member States", and

the European Community, the European Coal and Steel Community and the European Atomic Energy Community,

herinafter# referred to as "the Community",

of the one part, and

the Russian Federation,

herinafter# referred to as "Russia",

of the other part,

CONSIDERING the importance of the historical links existing between the Community, its Member States and Russia and the common values that they share,

RECOGNIZING that the Community and Russia wish to strengthen these links and to establish partnership and cooperation which would deepen and widen the relations established between them in the past in particular by the Agreement between the European Economic Community and the European Atomic Energy Community and the Union of Soviet Socialist Republics on Trade and Commercial and Economic Cooperation, signed on 18 December 1989, hereinafter referred to as the "1989 Agreement",

CONSIDERING the commitment of the Community and its Member States acting in the framework of the European Union by the Treaty on European Union of 7 February 1992 and of Russia to strengthening the political and economic freedoms which constitute the very basis of the partnership,

CONSIDERING the commitment of the Parties to promote international peace and security as well as the peaceful settlement of disputes and to cooperate to this end in the framework of the United Nations and the Conference on Security and Cooperation in Europe and other fora,

CONSIDERING the firm commitment of the Community and its Member States and of Russia to the full implementation of all principles and provisions contained in the Final Act of the Conference on Security and Cooperation in Europe (CSCE), the concluding documents of the Madrid and Vienna follow-up meetings, the document of the CSCE Bonn Conference on Economic Cooperation, the Charter of Paris for a New Europe and the CSCE Helsinki document 1992, "the challenges of change",

CONFIRMING the attachment of the Community and its Member States and of Russia to the aims and principles set out in the European Energy Charter of 17 December 1991 and in the declaration of the Lucerne Conference of April 1993,

CONVINCED of the paramount importance of the rule of law and respect for human rights, particularly those of minorities, the establishment of a multi-party system with free and democratic elections and economic liberalization aimed at setting up a market economy,

BELIEVING that the full implementation of partnership presupposes the continuation and accomplishment of Russia's political and economic reforms,

DESIROUS of encouraging the process of regional cooperation in the areas covered by this Agreement between the countries of the former USSR in order to promote the prosperity and stability of the region,

DESIROUS of establishing and developing regular political dialogue on bilateral and international issues of mutual interest,

TAKING ACCOUNT of the Community's willingness to provide technical assistance, as appropriate, for the implementation of economic reform in Russia and for the development of economic cooperation,

BEARING IN MIND the utility of the Agreement in favouring a gradual rapprochement between Russia and a wider area of cooperation in Europe and neighbouring regions and Russia's progressive integration into the open international trading system,

CONSIDERING the commitment of the Parties to liberalize trade, based on the principles contained in the General Agreement on Tariffs and Trade hereinafter referred to as "GATT", as amended by the Uruguay Round trade negotiations, and taking into account the establishment of the World Trade Organization, hereinafter referred to as "WTO",

RECOGNIZING that Russia is no longer a state trading country, that it is now a country with an economy in transition and that continued progress towards a market economy will be fostered by cooperation between the Parties in the forms set out in this Agreement,

CONSCIOUS of the need to improve conditions affecting business and investment, and conditions in areas such as establishment of companies, labour, provision of services and capital movements,

CONVINCED that this Agreement will create a new climate for economic relations between the Parties and in particular for the development of trade and investment, which are essential to economic restructuring and technological modernization,

DESIROUS of establishing close cooperation in the area of environmental protection taking into account the interdependence existing between the Parties in this field,

BEARING in mind the intention of the Parties to develop their cooperation in the space field in view of the complementary of their activities in this area,

DESIROUS of promoting cultural cooperation and improving the flow of information,

HAVE AGREED AS FOLLOWS:

Done at Corfu on the twenty-fourth day of June in the year one thousand nine hundred and ninety-four.

(Signatures)

LIST OF ANNEXES

Annex 1 Indicative list of advantages granted by Russia to the countries of the former USSR in areas covered by this Agreement (as of January 1994)

Annex 2 Derogations from Article 15 (quantitative restrictions)

Annex 3 Community reservations in accordance with Article 28 (2)

Annex 4 Russian reservations in accordance with Article 28 (3)

Annex 5 Cross-border supply of services List of services for which the Parties shall grant most-favoured-nation treatment

Annex 6 Definitions in relation to financial services

Annex 7 Financial services

Annex 8 Provisions in relation to Article 34 and 38

Annex 9 Transitional period for provisions on competition and for the introduction of quantitative restrictions

Annex 10 Protection of intellectual, industrial and commercial property referred to in Article 54

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In accordance with Article 108 of this Agreement Annexes 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10 shall be deemed an integral part of this Agreement