treaties and other international acts series 94-602

TREATIES AND OTHER INTERNATIONAL ACTS SERIES 94-602 ________________________________________________________________________

TRADE AND INVESTMENT Treaty Between the

UNITED STATES OF AMERICA

and BULGARIA

Signed at Washington September 23 1992 with Annex and Protocol and Exchange of Letters

NOTE BY THE DEPARTMENT OF STATE Pursuant to Public Law 89mdash497 approved July 8 1966 (80 Stat 271 1 USC 113)mdash ldquo the Treaties and Other International Acts Series issued under the authority of the Secretary of State shall be competent evidence of the treaties international agreements other than treaties and proclamations by the President of such treaties and international agreements other than treaties as the case may be therein contained in all the courts of law and equity and of maritime jurisdiction and in all the tribunals and public offices of the United States and of the several States without any further proof or authentication thereofrdquo

BULGARIA

Trade and Investment

Treaty signed at Washington September 23 1992 with annex and protocol and exchange of letters Transmitted by the President of the United States of America to the Senate January 19 1993 (Treaty Doc 103-3 103d Congress 1st Session) Reported favorably by the Senate Committee on Foreign Relations September 14 1993 (Senate Executive Report No 103-9 103d Congress 1st Session) Advice and consent to ratification by the Senate November 17 1993 Ratified by the President January 3 1994 Ratifications exchanged at Sofia May 3 1994 Entered into force June 2 1994

TREATY BETWEEN THE UNITED STATES OF AMERICA AND THE

REPUBLIC OF BULGARIA CONCERNING THE ENCOURAGEMENT

AND RECIPROCAL PROTECTION OF INVESTMENT

The United States of America and the Republic of Bulgaria

(hereinafter the nPartiesn)

Desiring to promote greater economic cooperation between

them with respect to investment by nationals and companies of

one Party in the territory of the other Party

Recognizing that agreement upon the treatment to be

accorded such investment will stimulate the flow of private

capital and the economic development of the Parties

Agreeing that fair and equitable treatment of investment is

desirable in order to maintain a stable framework for

investment and maximum effective utilization of economic

resources

Recognizing that the development of economic and business

ties can contribute to the well-being of workers in both

Parties and promote respect for internationally recognized

worker rights

Convinced that a free and open market for investment offers

the best opportunity for raising living standards and the

quality of life for the inhabitants of the Parties and

Having resolved to conclude a Treaty concerning the

encouragement and reciprocal protection of investment

Have agreed as follows

-2-

ARTICLE I

1 For the purposes of this Treaty

(a) investment means every kind of investment in the

territory of one Party owned or controlled directly or

indirectly by nationals or companies of the other Party such

as equity debt and service and investment contracts and

includes

(i) tangible and intangible property including

rights such as mortgages liens and pledges

(ii) a company or shares of stock or other

interests in a company or interests in the

assets thereof

(iii) a claim to money or a claim to performance

having economic value and associated with

an investment

(iv) intellectual property which includes inter

alia rights relating to

literary and artistic works including sound

r e cordings

inventions in all fields of human endeavor

industrial designs

semiconductor mask works

trade secrets know-how and confidential

I -3-

business information

trademarks service marks and trade names

and

(v) any right conferred by law or contract and

any licenses and permits pursuant to law

(b) company of a Party means any kind of

corporation company association partnership state

enterprise or other organization legally constituted under

the laws and regulations of a Party or a political subdivision

thereof whether or not organized for pecuniary gain or

privately or governmentally owned or controlled

(c) national of a Party means a natural person who

is a national of a Party under its applicable law

(d) return means an amount derived from or

associated with an investment including profit dividend

interest capital gain royalty payment management technical

assistance or other fee or return in kind

(e) associated activities include the organization

control operation maintenance and disposition of companies

branches agencies offices factories or other facilities for

the conduct of business the making performance and

enforcement of contracts the acquisition use protection and

disposition of property of all kinds including intellectual and

industrial property rights the borrowing of funds the 1

purchase issuance and sale of equity shares and other f l

securities and the purchase of for e ign excha nge for imports 1

-4-

(f) nnondiscriminatoryn treatment means treatment that

is at least as favorable as the better of national treatment or

most-favored-nation treatment

(g) nnational treatmentn means treatment that is at

least as favorable as the most favorable treatment accorded by

a Party to companies or nationals of that Party in like

circumstances and

(h) nmost-favored-nation treatmentn means treatment

that is at least as favorable as that accorded by a Party to

companies or nationals of third Parties in like circumstances

2 Each Party reserves the right to deny to any company

the advantages of this Treaty if nationals of any third country

control such company and in the case of a company of the other

Party that company has no substantial business activities in

the territory of the other Party or is controlled by nationals

of a third country with which the denying Party does not

maintain normal economic relations

3 Any alteration of the form in which assets are invested

or reinvested shall not affect their character as an investment

-5-

ARTICLE II

1 Each Party shall permit and treat investment and

activities associated therewith on a nondiscriminatory basis

subject to the right of each Party to make or maintain

exceptions falling within one of the sectors or matters listed

in the Annex to this Treaty Each Party agrees to notify the

other Party before or on the date of entry into force of this

Treaty of all such laws and regulations of which it is aware

concerning the sectors or matters listed in the Annex

Moreover each Party agrees to notify the other of any future

exception with respect to the sectors or matters listed in the

Annex and to limit such exceptions to a minimum Any future

exception by either Party shall not apply to investment

existing in that sector or matter at the time the exception

becomes effective The treatment accorded pursuant to any

exceptions shall unless specified otherwise in the Annex be

not less favorable than that accorded in like situations to

investments and associated activities of nationals or companies

of any third country

2 (a) Investment shall at all times be accorded fair and

equitable treatment shall enjoy full protection and security

and shall in no case be accorded treatment less than that

required by international law

-6-

(b) Neither Party shall in any way impair by arbitrary

or discriminatory measures the management operation

maintenance use enjoyment acquisition expansion or

disposal of investments For purposes of dispute resolution

under Article VI and VII a measure may be arbitrary or

discriminatory notwithstanding the fact that a party has had or

has exercised the opportunity to review such measure in the

courts or administrative tribunals of a Party

(c) Each Party shall observe any obligation it may have

entered into with regard to investments

3 Subject to the laws relating to the entry and sojourn

of aliens nationals of either Party shall be permitted to

enter and to remain in the territory of the other Party for the

purpose of establishing developing administering or advising

on the operation of an investment to which they or a company

of the first Party that employs them have committed or are in

the process of committing a substantial amount of capital or

other resources

4 Companies which are legally constituted under the

applicable laws or regulations of one Party and which are

investments shall be permitted to engage top managerial

personnel of their choice regardless of nationality

-7-

5 Neither Party shall impose performance requirements as

a condition of establishment expansion or maintenance of

investments which require or enforce commitments to export Igoods produced or which specify that goods or services must be l

purchased locally or which impose any other similar requirements l

16 Each Party shall provide effective means of asserting I claims and enforcing rights with respect to investments I investment agreements and investment authorizations I

7 Each Party shall make public all laws regulations

administrative practices and procedures and adjudicatory

decisions that pertain to or affect investments

8 The treatment accorded by the United States of America

to investments and associated activities of nationals and

companies of the Republic of Bulgaria under the provisions of

this Article shall in any State Territory or possession of the

United States of America be no less favorable than the

treatment accorded therein to investments and associated

activities of nationals of the United States of America

resident in and companies legally constituted under the laws

and regulations of other states Territories or possessions of

the United states of America

-8-

9 The most-favored-nation provisions of this Treaty shall

not apply to advantages accorded by either Party to nationals

or companies of any third country by virtue of

(a) that Partys binding obligations that derive from

full membership in a free trade area or customs union or

(b) that Partys binding obligations under any

multilateral international agreement under the framework of the

General Agreement on Tariffs and Trade that enters into force

subsequent to the signature of this Treaty

10 The Parties acknowledge and agree that wassociated

activitiesw include without limitation such activities as

(a) the granting of franchises or rights under

licenses

(b) access to registrations licenses permits and

other approvals (which shall in any event be

issued expeditiously)

(c) access to financial institutions and credit

markets

(d) access to their funds held in financial

institutions

(e) the importation and installation of equipment

necessary for the normal conduct of business

affairs including but not limited to office

equipment and automobiles and the export of any

equipment and automobiles so imported

(f the dissemination of commercial information

(g) the conduct of market studies

(h the appointment of commercial representatives

including agents consultants and distributors and

their participation in trade fairs and promotion

events

(i the marketing of goods and services including

through internal distribution and marketing

systems as well as by advertising and direct

contact with individuals and companies

(j access to public utilities public services and

commercial rental space at nondiscriminatory

prices if the prices are set or controlled by the

government and

(k access to raw materials inputs and services of

all types at nondiscriminatory prices if the

prices are set or controlled by the government

ARTICLE III

1 Investments shall not be expropriated or nationalized

either directly or indirectly through measures tantamount in

their consequences to expropriation or nationalization

(expropriation except for a public purpose in a

nondiscriminatory manner upon payment of prompt adequate and

effective compensation and in accordance with due process of

-10-

law and the general principles of treatment provided for in

Article II (2) Compensation shall be equivalent to the fair

market value of the expropriated investment immediately before

the expropriatory action was taken or became known whichever

is earlier be paid without delay include interest at a

commercially reasonable rate from the date of expropriation be

fully realizable and be freely transferable at the prevailing

market rate of exchange on the date of expropriation

2 A national or company of either Party that asserts that

all or part of its investment has been expropriated shall have

a right to prompt review by the appropriate judicial or

administrative authorities of the other Party to determine

whether any such expropriation has occurred and if so whether

such expropriation and any compensation therefor conforms to

the principles of international law

3 Nationals or companies of either Party whose

investments suffer losses in the territory of the other Party

owing to war or other armed conflict revolution state of

national emergency insurrection civil disturbance or other

similar events shall be accorded nondiscriminatory treatment by

such other Party as regards any measures it adopts in relation

to such losses

-11-

ARTICLE IV

1 Each Party shall permit all transfers related to an

investment to be made freely and without delay into and out of

its territory such transfers include (a) returns

(b) compensation pursuant to Article III (c) payments arising

out of an investment dispute (d) payments made under a

contract including amortization of principal and accrued

interest payments made pursuant to a loan agreement

(e) proceeds from the sale or liquidation of all or any part of

an investment and (f) additional contributions to capital for

the maintenance or development of an investment

2 Except as provided in Article III (1) transfers shall

be made in a freely usable currency at the prevailing market

rate of exchange on the date of transfer with respect to spot

transactions in the currency to be transferred

3 Notwithstanding the provisions of paragraphs 1 and 2

either Party may maintain laws and regulations (a) requiring

reports of currency transfer and (b) imposing income taxes by

such means as a withholding tax applicable to dividends or

other transfers Furthermore either Party may protect the

rights of creditors or ensure the satisfaction of judgments in

adjudicatory proceedings through the equitable

nondiscr i minatory a nd good f aith applicat i on of its l aw

-12-

ARTICLE V

The Parties agree to consult promptly on the request of

either to resolve any disputes in connection with the Treaty

or to discuss any matter relating to the interpretation or

application of the Treaty

ARTICLE VI

1 For the purposes of this Article an investment dispute

is defined as a dispute involving (a) the interpretation or

application of an investment agreement between a Party and a

national or company of the other Party (b) an alleged breach

of any right conferred or created by this Treaty with respect

to an investment or (c) the interpretation or application of

any investment authorization granted by a Partys foreign

investment authority to such national or company provided that

the denial of an investment authorization shall not in itself

constitute an investment dispute unless such denial involves an

alleged breach of any right conferred or created by the Treaty

2 In the event of an investment dispute between a Party

and a national or company ofthe other Party the parties to

the dispute shall initially seek to resolve the dispute by

consultation and negotiation which may include the use of

non-binding third party procedures Subject to paragraph 3 of

-13-

this Article if the dispute cannot be resolved through

consultation and negotiation the dispute shall be submitted

for settlement in accordance with previously agreed applicable

dispute-settlement procedures any dispute-settlement

procedures including those relating to expropriation and

specified in the investment agreement shall remain binding and

shall be enforceable in accordance with the terms of the

investment agreement relevant provisions of domestic laws and

applicable international agreements regarding enforcement of

arbitral awards

3 a) At any time after six months from the date on which

the dispute arose the national or company concerned may choose

to consent in writing to the submission of the dispute for

settlement by conciliation or binding arbitration to the

International Centre for the Settlement of Investment Disputes

Centre) or to the Additional Facility of the Centre or

pursuant to the Arbitration Rules of the United Nations

Commission on International Trade Law (UNCITRAL) or pursuant

to the arbitration rules of any arbitral institution mutually

agreed between the parties to the dispute Once the national

or company concerned has so consented either party to the

dispute may institute such proceeding provided

-14-

i) the dispute has not been submitted by the

national or company for resolution in

accordance with any applicable previously

agreed dispute-settlement procedures and

ii) the national or company concerned has not

brought the dispute before the courts of

justice or administrative tribunals or

agencies of competent jurisdiction of the

Party that is a party to the dispute

If the parties disagree over whether conciliation or binding

arbitration is the more appropriate procedure to be employed

the opinion of the national or company concerned shall prevail

b) Each Party hereby consents to the submission of an

investment dispute for settlement by conciliation or binding

arbitration

i) to the Centre in the event that the Republic

of Bulgaria becomes a party to the Convention

on the Settlement of Investment Disputes

Between States and Nationals of Other States

done at Washington March 18 1965

Convention) and the Regulations and Rules

of the Centre

ii) to the Additional Facility of the Centre and

-15-

(iii) to an arbitral tribunal established under the

UNCITRAL Rules the appointing authority

referenced therein to be the Secretary

General of the Centre

(c) Conciliation or arbitration of disputes under

(b)(i) or (b)(ii) shall be done applying the provisions of the

Convention and the Regulations and Rules of the Centre or of

the Additional Facility as the case may be

(d) The place of any arbitration conducted under this

Article shall be a country which is a party to the 1958 United

Nations Convention on the Recognition and Enforcement of

Foreign Arbitral Awards

(e) Each Party undertakes to carry out without delay

the provisions of any award resulting from an arbitration held

in accordance with this Article VI Further each Party shall

provide for the enforcement in its territory of such arbitral

awards

4 In any proceeding involving an investment dispute a

Party shall not assert as a defense counter-claim right of

set-off or otherwise that the national or company concerned

has received or will receive pursuant to an insurance or

guarantee contract indemnification or other compensation for

all or part of its alleged damages

-16-

5 For the purposes of this Article any company legally

constituted under the applicable laws and regulations of either

Party or a political subdivision thereof but that immediately

before the occurence of the event or events giving rise to the

dispute was an investment of nationals or companies of the

other Party shall in accordance with Article 25(2)(b) of the

Convention be treated as a national or company of such other

Party

ARTICLE VII

1 Any dispute between the Parties concerning the

interpretation or application of the Treaty which is not

resolved through consultations or other diplomatic channels

shall be submitted upon the request of either Party to an

arbitral tribunal for binding decision in accordance with the

applicable rules of international law In the absence of an

agreement by the Parties to the contrary the arbitration rules

of the United Nations Commission on International Trade Law

(UNCITRAL) except to the extent modi f ied by the Part ies shall

govern

2 Within two months of receipt of a request each Party

shall appoint an arbitrator The two arbitra tors shall select

a third arbitrator as Chairman who is a national of a third

-17-

State The UNCITRAL Rules for appointing members of three

member panels shall apply rnutatis rnutandis to the appointment

of the arbitral panel except that the appointing authority

referenced in those rules shall be the Secretary General of the

Permanent Court of Arbitration

3 Unless otherwise agreed all submissions shall be made

and all hearings shall be completed within six months of the

date of selection of the third arbitrator and the Tribunal

shall render its decisions within two months of the date of the

final submissions or the date of the closing of the hearings

whichever is later

4 Expenses incurred by the Chairman the other

arbitrators and other costs of the proceedings shall be paid

for equally by the Parties Each Party shall bear the costs of

its legal representation

ARTI CLE VIII

The provisions of Article VI and VII shall not apply to a

dispute arising (a) under the export credit guarantee or

insurance programs of the Export-Import Bank of the United

States or (b) under other official credit guarantee or

insurance arrangements pursuant to which the Parties have

agreed to othe r means of settling disputes

-18-

ARTICLE IX

This Treaty shall not derogate from

(a) laws and regulations administrative practices or

procedures or administrative or adjudicatory decisions of

either Party

(b) international legal obligations or

(c) obligations assumed by either Party including

those contained in an investment agreement or an investment

authorization that entitle investments or associated

activities to treatment more favorable than that accorded by

this Treaty in like situations

ARTICLE X

1 This Treaty shall not preclude the application by

either Party of measures necessary for the maintenance of

public order the fulfillment of its obligations with respect

to the maintenance or restoration of international peace or

security or the protection of its own essential security

interests

2 This Treaty shall not preclude either Party from

prescribing special formalities in connection with the

establishment of investments but such formalities shall not

impair the substance of any of the rights set forth in this

Treaty

-19-

ARTICLE XI

1 With respect to its tax policies each Party should

strive to accord fairness and equity in the treatment of

investment of nationals and companies of the other Party

2 Nevertheless the provisions of this Treaty and in

particular Article VI and VII shall apply to matters of

taxation only with respect to the following

(a) expropriation pursuant to Article III

(b) transfers pursuant to Article IV or

(c) the observance and enforcement of terms of an

investment agreement or authorization as referred to

in Article VI(l)(a) or (b) to the extent they are

not subject to the dispute settlement provisions of

a Convention for the avoidance of double taxation

between the two Parties or have been raised under

such settlement provisions and are not resolved

within a reasonable period of time

ARTICLE XII

This Treaty shall apply to the political subdivisions of the

Parties

-20-

ARTICLE XIII

1 This Treaty shall enter into force thirty days after

the date of exchange of instruments of ratification It shall

remain in force for a period of ten years and shall continue in

force unless terminated in accordance with paragraph 2 of this

Article It shall apply to investments existing at the time of

entry into force as well as to investments made or acquired

thereafter

2 Either Party may by giving one years written notice

to the other Party terminate this Treaty at the end of the

initial ten year period or at any time thereafter

3 With respect to investments made or acquired prior to

the date of termination of this Treaty and to which this Treaty

otherwise applies the provisions of all of the other Articles

of this Treaty shall thereafter continue to be effective for a

further period of ten years from such date of termination

4 The Annex and Protocol shall form an integral part of

the Treaty

-21-

IN WITNESS WHEREOF the respective plenipotentiaries have

signed this Treaty

DONE in duplicate at Washington on the twenty-third day of

September 1992 in the English and Bulgarian languages both

texts being equally authentic

FOR THE UNITED STATES FOR THE REPUBLIC OF OF AMERICA BULGARIA

ANNEX

1 The United States reserves the right to make or

maintain limited exceptions to national treatment as provided

in Article II paragraph 1 in the sectors or matters it has

indicated below

air transportation ocean and coastal shipping banking

insurance government grants government insurance and loan

programs energy and power production custom house

brokers ownership of real property ownership and

operation of broadcast or common carrier radio and

television stations ownership of shares in the

Communications Satellite Corporation the provision of

common carrier telephone and telegraph services the

provision of submarine cable services use of land and

natural resources mining on the public domain maritime

services and maritime-related services and primary

dealership in United States government securities

I I l j

I l j


maintain limited exceptions to most favored nation treatment

as provided in Article II paragraph 1 in the sectors or

matters it has indicated below

ownership of real property mining on the public domain

maritime services maritime-related services and primary


3 Bulgaria reserves the right to make or maintain limited

exceptions to national treatment as provided in Article II

paragraph 1 in the sectors or matters it has indicated below

banking insurance ownership of real estate leases of

farm land and forest land air rail and maritime

transportation governmental subsidies government

insurance and loan programs energy and power production

customs house brokers provision of telephone and telegraph

services use of land natural resources and mining

ownership and operation of broadcast or common carrier

radio and televi~ion stations and dealership in government

securities

I

I j

l

PROTOCOL

With respect to Article I paragraph l(a) the Parties

confirm their mutual understanding that investments covered by

this Treaty will not include loans that were extended prior to

January 1 1992 to the Government of the Republic of Bulgaria

or to banks owned or controlled by the Government of Bulgaria

including inter alia the Foreign Trade Bank for trade ~

finance or balance of payments purposes and that are

subsequently rescheduled in the London Club

THE UNITED STATES TRADE REPRESENTATIVE Executive Office of the President

Washington DC 20506

Washington September 23 1992

Dear Mr Minister _

I have the honor to confirm the following understanding which was reached between the United States of America and the Republic of Bulgaria in the course of negotiations of the Treaty Concerning the Encouragement and Reciprocal Protection of Investment (the Treaty)

The Government of the Republic of Bulgaria agrees to designate an Office to assist US nationals and companies 1n deriving the full benefits of the Treaty in connection with their investment and related activities

The Office will serve as the government coordinator and problem solver for investors experiencing difficulties with registration licensing access to utilities regulatory and other matters

The Office will provide the following types of services

information on current national and local businessinvestment regulations including licensing and registration procedures taxation labor regulations accounting standards and access to credit

a notification procedure on proposed regulatory or legal changes affecting investors with circulation of notices on regulatory changes put into force

coordination with Bulgarian Government agencies at the national and local level to facilitate investment and resolve disputes

identification and dissemination of information on investment projects and their sources of finance

assistance to investors experiencing difficulties with repatri a ting profits and obtaining foreign exchange

Minister Ivan Kostov Mini s try of Fina nce

Re public of Bulgaria

- 2 -

I have the honor to propose that this understanding be treated as an integral part of the Treaty

I would be grateful if you would confirm that this understanding is sh~red by your Government

Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador

I have the honor to confirm the following understanding which was reached between the Republic of Bulgaria and the United States of America in the course of negotiations on the Treaty Concerning the Encouragement and Reciprocal Protection of Investment (the Treaty)

[The text of the understanding is contained in Ambassador Hills letter immediately preceding]


I would be grateful if you would confirm that this understanding is shared by your Government

Sincerely [s] Ivan Kostov

The Honorable Carla Hills US Trade Representative

Washington DC 20506

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no YBAlAEMA KAPJIA Xv1JIC ThPrOBCKv1 ITPEUCTABv1TEJI HA CAIU BAIIn1HrTOH UK 20506

NOTE BY THE DEPARTMENT OF STATE Pursuant to Public Law 89mdash497 approved July 8 1966 (80 Stat 271 1 USC 113)mdash ldquo the Treaties and Other International Acts Series issued under the authority of the Secretary of State shall be competent evidence of the treaties international agreements other than treaties and proclamations by the President of such treaties and international agreements other than treaties as the case may be therein contained in all the courts of law and equity and of maritime jurisdiction and in all the tribunals and public offices of the United States and of the several States without any further proof or authentication thereofrdquo

BULGARIA

















resources




worker rights







-2-

ARTICLE I






includes





assets thereof



an investment




r e cordings


industrial designs



I -3-



and
























-4-







circumstances and













-5-

ARTICLE II























-6-


















other resources





-7-



















-8-













licenses





markets


institutions











events








government and




ARTICLE III







-10-






















to such losses

-11-

ARTICLE IV























-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















arbitration







of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


Parties

-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

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PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

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ARTICLE I






includes





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I -3-



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-5-

ARTICLE II























-6-


















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ARTICLE III







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ARTICLE VI

















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ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


Parties

-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

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Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

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ARTICLE I






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ARTICLE II























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licenses





markets


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ARTICLE III







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to such losses

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ARTICLE IV























-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















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of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















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-21-


signed this Treaty





ANNEX




indicated below













I I l j

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securities

I

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Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

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includes





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ARTICLE II























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licenses





markets


institutions











events








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ARTICLE III







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to such losses

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ARTICLE IV























-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















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of the Centre


-15-

















awards







-16-








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ARTICLE VII










govern




-17-











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ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


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-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

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l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

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l


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markets


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ARTICLE III







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to such losses

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ARTICLE IV























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ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















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of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











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ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


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-20-

ARTICLE XIII







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the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

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l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

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l


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other resources





-7-



















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markets


institutions











events








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ARTICLE III







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to such losses

-11-

ARTICLE IV























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ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















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of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


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-20-

ARTICLE XIII







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-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

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l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


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other resources





-7-



















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markets


institutions











events








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ARTICLE III







-10-






















to such losses

-11-

ARTICLE IV























-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















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of the Centre


-15-

















awards







-16-








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ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


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-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

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l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


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I H A


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other resources





-7-



















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licenses





markets


institutions











events








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ARTICLE III







-10-






















to such losses

-11-

ARTICLE IV























-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















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of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


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-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


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I r I I l i

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-8-













licenses





markets


institutions











events








government and




ARTICLE III







-10-






















to such losses

-11-

ARTICLE IV























-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















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of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


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-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


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I H A


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licenses





markets


institutions











events








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ARTICLE III







-10-






















to such losses

-11-

ARTICLE IV























-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















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of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


Parties

-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


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I r I I l i

f

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government and




ARTICLE III







-10-






















to such losses

-11-

ARTICLE IV























-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















arbitration







of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


Parties

-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


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I r I I l i

f

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] ~~--- ~ -----

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Ha Uorosopa


v1cKpeHo Baw

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to such losses

-11-

ARTICLE IV























-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















arbitration







of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


Parties

-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


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I r I I l i

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-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















arbitration







of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


Parties

-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

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l


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mme~a










tfJIEH V




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qJIEH VIII






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] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







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Ha Uorosopa


v1cKpeHo Baw

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-12-

ARTICLE V





ARTICLE VI

















-13-










arbitral awards













-14-















arbitration







of the Centre


-15-

















awards







-16-








Party

ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


Parties

-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

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PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


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arbitral awards













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of the Centre


-15-

















awards







-16-








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ARTICLE VII










govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


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-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

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securities

I

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l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

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l


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I H A


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arbitration







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-16-








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ARTICLE VII










govern




-17-











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ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





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-19-

ARTICLE XI

















ARTICLE XII


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-20-

ARTICLE XIII







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the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

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l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


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I H A


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-15-

















awards







-16-








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govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


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-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

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] ~~--- ~ -----

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-16-








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govern




-17-











whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















ARTICLE XII


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-20-

ARTICLE XIII







thereafter










the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

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I r I I l i

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whichever is later





ARTI CLE VIII







-18-

ARTICLE IX




either Party







ARTICLE X






interests





Treaty

-19-

ARTICLE XI

















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-20-

ARTICLE XIII







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the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

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-18-

ARTICLE IX




either Party







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interests





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-19-

ARTICLE XI

















ARTICLE XII


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-20-

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the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

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I r I I l i

f

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] ~~--- ~ -----

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-19-

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-20-

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the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

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I r I I l i

f

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] ~~--- ~ -----

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Ha Uorosopa


v1cKpeHo Baw

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-20-

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the Treaty

-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

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I r I I l i

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] ~~--- ~ -----

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Ha Uorosopa


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-21-


signed this Treaty





ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

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] ~~--- ~ -----

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Ha Uorosopa


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ANNEX




indicated below













I I l j

I l j



















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


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I H A


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] ~~--- ~ -----

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Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB




















securities

I

I j

l

PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

r I

I r I I l i

f

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] ~~--- ~ -----

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nocoleHJII no-ttony







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Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


PROTOCOL










Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

r I

I r I I l i

f

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] ~~--- ~ -----

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nocoleHJII no-ttony







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Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB



Washington DC 20506


Dear Mr Minister _












- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

r I

I r I I l i

f

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) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


- 2 -



Sincerely

Carla A Hills

[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


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1 bull lj

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] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







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npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


[TRANSLATION]

Dear Ms Ambassador







Washington DC 20506

A O r O B O P i I

M E A J


l


3 A


I H A


L

r I

I r I I l i

f

i r

i

r l





CTPamrre








qJIEH I





BKJIIOmaT





CBbP3aHH c






H




































qJIEH II


























MHBe~e










l middotI





HHBeCTffPaHe


















Ha TOra torosop

















1 bull lj

1



npaBHTeJICTBOTO



npaBHTeJICTBOTO

qJIEH ill






















qJIEH IV







mme~a










tfJIEH V




tfJIEH VI




















I




























UeHTbpa



















11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


A O r O B O P i I

M E A J


l


3 A


I H A


L

r I

I r I I l i

f

i r

i

r l





CTPamrre








qJIEH I





BKJIIOmaT





CBbP3aHH c






H




































qJIEH II


























MHBe~e










l middotI





HHBeCTffPaHe


















Ha TOra torosop

















1 bull lj

1



npaBHTeJICTBOTO



npaBHTeJICTBOTO

qJIEH ill






















qJIEH IV







mme~a










tfJIEH V




tfJIEH VI




















I




























UeHTbpa



















11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB






CTPamrre








qJIEH I





BKJIIOmaT





CBbP3aHH c






H




































qJIEH II


























MHBe~e










l middotI





HHBeCTffPaHe


















Ha TOra torosop

















1 bull lj

1



npaBHTeJICTBOTO



npaBHTeJICTBOTO

qJIEH ill






















qJIEH IV







mme~a










tfJIEH V




tfJIEH VI




















I




























UeHTbpa



















11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB




H




































qJIEH II


























MHBe~e










l middotI





HHBeCTffPaHe


















Ha TOra torosop

















1 bull lj

1



npaBHTeJICTBOTO



npaBHTeJICTBOTO

qJIEH ill






















qJIEH IV







mme~a










tfJIEH V




tfJIEH VI




















I




























UeHTbpa



















11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


qJIEH II


























MHBe~e










l middotI





HHBeCTffPaHe


















Ha TOra torosop

















1 bull lj

1



npaBHTeJICTBOTO



npaBHTeJICTBOTO

qJIEH ill






















qJIEH IV







mme~a










tfJIEH V




tfJIEH VI




















I




























UeHTbpa



















11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB






HHBeCTffPaHe


















Ha TOra torosop

















1 bull lj

1



npaBHTeJICTBOTO



npaBHTeJICTBOTO

qJIEH ill






















qJIEH IV







mme~a










tfJIEH V




tfJIEH VI




















I




























UeHTbpa



















11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


1 bull lj

1



npaBHTeJICTBOTO



npaBHTeJICTBOTO

qJIEH ill






















qJIEH IV







mme~a










tfJIEH V




tfJIEH VI




















I




























UeHTbpa



















11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB



mme~a










tfJIEH V




tfJIEH VI




















I




























UeHTbpa



















11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB





























UeHTbpa



















11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB









11nE H VII












ap6KT)agtKeH Cbn









qJIEH VIII






J

) I

tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


tJJIEH IX









qJIEH X








tJJIEH XI












qJIEH XII


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


iJIEH XIII

















] ~~--- ~ -----

I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


I1Pt1JIO)KEHt1E





















nocoleHJII no-ttony







ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


ITPOTOKOJI



npeIJH












qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB








qeHHOCTH


















Ha Uorosopa


v1cKpeHo Baw

~ v1BAH KOCTOB


treaties and other international acts series 94-602

Documents

Transcript of treaties and other international acts series 94-602