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The Senate and Chamber of Deputies of the Argentine Nation assembled in Congress, etc. sanction with force of Law:
ARTICLE 1 Appropriate the agreement between the Government of the ARGENTINA REPUBLIC and the Government of the ANGOLA REPUBLIC on ECONOMIC AND TRADE COOPERATION, signed in Buenos Aires on 5 May 2005, which consists of ONCE (11) articles, whose authenticated photocopy is part of this law. ARTICLE 2 Contact the national executive branch.IN THE SESSION OF THE ARGENTINE CONGRESS, IN GOOD AIRES, TO THE TWENTY DAYS OF THE MONTH OF AUGUST YEAR DOS MIL OCHO.
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JULY C. C. COBOS. EDUARDO A. FELLNER. . Enrique Hidalgo. . Juan H. Estrada.
Agreed between the Government of the ARGENTINA REPUBLIC and the Government of the ANGOLA REPUBLIC on ECONOMIC AND TRADE COOPERATION
The Government of the Argentine Republic and the Government of the Republic of Angola, henceforth referred to as the "Parts",
Considering that the strengthening and expansion of Economic and Commercial Cooperation among Parties will contribute to the general well-being of the peoples of each State,
Affirming the desire of both Parties to develop their trade relations on the basis of the principles of the most-favoured-nation and national treatment,
Taking into account the membership of the World Trade Organization that both are members,
As economic linkages are an important and necessary element in strengthening their bilateral relations,
Convinced that an Economic and Commercial Cooperation Agreement between the Parties constitutes an important instrument for the promotion of mutual interests, and
Pursuant to the General Agreement on Economic, Technical, Scientific and Cultural Cooperation between the Government of the Argentine Republic and the Government of the Republic of Angola, signed on 16 April 1988,
They agreed on the following:
Article 1The Parties shall promote the development of economic and commercial cooperation and other forms of economic cooperation between the two countries in accordance with the provisions of this Agreement and the applicable principles and norms of international law.
Article 21.- The Parties shall accord to each other the most-favoured-nation treatment with respect to customs duties and charges of any kind imposed on imports or exports, and also with respect to the rules and formalities relating to the transport of goods, in accordance with the obligations stipulated in the General Agreement on Tariffs and Trade of 1994.
2.- The provisions of paragraph 1 of this article shall not be construed as requiring the Parties to extend each other any advantage, preference, concession or privilege that one of the Parties may grant to a third State by virtue of:
(a) any agreement on free trade zones, customs union, common market or economic union in which either Party is or may be a Party,
(b) any agreement or arrangement with neighbouring countries to facilitate border traffic, or
(c) provisions granted in favour of any developing country, in accordance with the principles of the World Trade Organization and other applicable international agreements.
Article 3The Parties shall encourage and facilitate direct contacts between their operators and economic institutions.
Article 4Payments of transactions under this Agreement shall be made in free convertibility currencies, unless otherwise agreed by the Parties concerned in a special transaction in accordance with the legislation in force in each country.
Article 5The Parties shall promote economic and commercial cooperation among them in all fields deemed to be of mutual interest, including by fostering a favourable investment climate, business unions, subcontracting and facilitating trade promotion activities.
Article 6This Agreement does not preclude prohibitions or restrictions on imports, exports, or goods in transit, justified on the basis of public morals, public policy or public security; protection of human, animal or plant health and life; protection of the environment; protection of national treasures that possess an artistic, historical or archaeological value; protection of intellectual property; or regulations relating to gold and silver. However, such prohibitions or restrictions shall not constitute a means of arbitrary discrimination or a disguised restriction on trade between the Parties.
Article 7The Parties shall establish an Argentine-Angolese Joint Economic-Commercial Commission to monitor the implementation of this Agreement, discuss the issues arising from its implementation and make recommendations to the Governments of both States for further development of bilateral economic and trade relations.
The Argentine-Angolese Joint Economic-Commercial Commission will meet when both Parties deem it necessary, alternatively in the Argentine Republic and the Republic of Angola.
Article 8Any dispute between the Parties concerning the interpretation or application of this Agreement shall be resolved through consultations and negotiations.
Article 9This Agreement may be amended by mutual consent of the Parties. Such modifications shall be formalized through diplomatic channels and shall enter into force in accordance with Article 10 of this Agreement.
Article 10Each Party shall notify the other in writing through diplomatic channels of compliance with the internal formalities required for the entry into force of this Agreement. This Agreement shall enter into force thirty days after the date of receipt of the last of these two notifications.
Article 111. This Agreement shall remain in force for a period of five (5) years and shall be automatically renewed for periods of equal duration, unless one Party communicates in writing, through diplomatic channels, its intention to terminate it, six months before the expiration of the respective period.
2. Any Party may denounce this Agreement by written notification, through diplomatic channels, at a minimum of 6 months prior to the date on which the complaint is made effective.
3. In the event of the expiration of this Agreement, the contracts signed under this Agreement shall remain in force and shall be executed in accordance with the provisions of the Agreement until their full compliance.
Made in Buenos Aires on May 5, 2005, in two original copies in Spanish and Portuguese languages, both of which are equally authentic.
