agreement between the united states of america and azerbaijan
TRANSCRIPT
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TREATIES AND OTHER INTERNATIONAL ACTS SERIES 95-117
FINANCE
Investment Guaranties
Agreement Between the
UNITED STATES OF AMERICA
and AZERBAIJAN
Signed at Washington September 28 1992
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
AZERBAIJAN
Finance Investment Guaranties
Agreement signed at Washington September 28 1992 Entered into force January 17 1995
INVESTMENT INCENTIVE AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA
AND THE GOVERNMENT OF AZERBAIJAN
The Government of the United States of America and the
Government of Azerbaijan
Affirming their common desire to encourage economic
activities in Azerbaijan which promote the development of the
economic resources and productive capacities of Azerbaijan and
Recognizing that this objective can be promoted through
investment insurance (including reinsurance) loans and
investment guaranties which are backed in whole or in part by the
Government of the United States of America and provided by the
Overseas Private Investment Corporation (OPIC) an agency of
the Government of the United States of America
Have agreed as follows
ARTICLE 1
As used in this Agreement the term Coverage shall refer
to any investment insurance reinsurance or investment
guaranty which is provided by an Issuer in connection with a
project in the territory of Azerbaijan and the term
Issuer shall refer to OPIC any successor agency of the
Government of the United States of America and the agent of
either
- 2 -
ARTICLE 2
(a) (i) If the Issuer makes payment to any party under
Coverage the Government of Azerbaijan shall subject
to the provisions of Article 3 of this Agreement
recognize the transfer to the Issuer of any assets
including those in the form of investment as well as
currency or credits in connection with such payment
as well as the succession of the Issuer to any right
title claim privilege or cause of action existing
or which may arise in connection therewith
(ii) If the Issuer in the exercise of its rights
as a creditor acquires any such assets or succeeds to
any right title claim privilege or cause of action
the Government of Azerbaijan shall subject to the
provisions of Article 3 of this Agreement recognize
such acquisition or succession
(b) The Issuer shall assert no greater rights than
those of the party from whom such rights were acquired as
described in paragraph (a) of this Article
(c) The Issuer as a non-commercial agency of the
Government of the United States of America shall not be
subject to regulation under the laws of Azerbaijan
applicable to commercial insurance or financial
organizations (d) Interest and fees on loans made or
guaranteed by the Issuer shall be exempt from tax in
Azerbaijan The Issuer shall not be subject to tax in
- 3 -
Azerbaijan relating to any transfer succession or other
acquisition described in paragraph (a) of this Article In
all other cases tax treatment of transactions conducted by
the Issuer in Azerbaijan as well as tax liabilities
existing prior to such transfer succession or other
acquisition shall be determined by applicable law of
Azerbaijan or any applicable specific agreement between the
Governme nt of the United Sta tes and the Government of
Azerbaijan
ARTICLE 3
To the extent that the laws of Azerbaijan partially or
wholly invalidate o r prohibit the transfer succession or
other a cquisition as described in Ar ticle 2(a) o f this
Agre ement o f any interes t in any p r operty within t h e
territory of Azerbaijan by the Issuer the Government of
Azerbai jan shall permit t he Issuer to make appropr i a te
arrangeme n ts pursuant to which s u ch interests a re
transferred to a person or entity permitted to own such
i nteres t s under the laws o f Azerba ijan
ARTICLE 4
(a) Amount s in the c u rren cy of Azerba ijan inc luding
credits t h e reof acquired by t he Issuer in connecti o n with
paymen t t o a part y under Cov e rage s h a l l be accord ed
t r eatment in the ter ritory of Azerba ijan no less f avorable
- 4 -
as to use and conversion than the treatment to which such
funds would be entitled in the hands of the party under
Coverage
(b) Such amounts and credits may be transferred by the
Issuer to any person or entity and upon such transfer shall
be freely available for use by such person or entity in the
territory of Azerbaijan in accordance with its laws
(c) The provisions of this Article shall also apply to
any amounts and credits in the currency of Azerbaijan which
may be accepted by the Issuer in settlement of obligations
with respect to loans made by the Issuer for projects in
Azerbaijan
ARTICLE 5
(a) Any dispute between the Government of the United
States of America and the Government of Azerbaijan regarding
the interpretation of this Agreement or which in the
opinion of one of the Governments presents a question of
international law arising out of any project or activity for
which Coverage has been issued shall be resolved insofar as
possible through negotiations between the two Governments
If at the end of six months following the request for
negotiations the two Governments have not resolved the
dispute by agreement the dispute including the question of
whether such dispute presents a question of international
law shall be submitted at the initiative of either
- 5 -
Government to an arbitral tribunal for resolution in
accordance with paragraph (b) of this Article
(b) The arbitral tribunal referred to in paragraph (a)
of this Article shall be established and function as
follows
(i) Each Government shall appoint one arbitrator
these two arbitrators shall by agreement designate a
president of the arbitral tribunal who shall be a
citizen of a third state and whose appointment shall be
subject to acceptance by the two Governments The
arbitrators shall be appointed within three months and
the president within six months of the date of receipt
of either Governments request for arbitration If the
appointments are not made within the foregoing time
limits either Government may in the absence of any
other agreement request the Secretary-General of the
Permanent Court of Arbitration to make the necessary
appointment or appointments and both Governments agree
to accept such appointment or appointments
(ii) The arbitral tribunal shall base its
decision on the applicable principles and rules of
international law The arbitral tribunal shall decide
by majority vote Its decision shall be final and
binding
( iii ) During the proceedings each of the
Governments shall pay the expense of its arbitrator and
- 6 -
of its representation in the proceedings before the
arbitral tribunal whereas the expenses of the
president and other costs of arbitration shall be paid
in equal parts by the two Governments In its award
the arbitral tribunal may in its discretion
reallocate expenses and costs between the two
Governments
(iv) In all other matters the arbitral tribunal
shall regulate its own procedures
(c) Nothing in this Agreement shall limit the right of
the Government of the United States of America to assert a
claim under international law in its sovereign capacity as
distinct from any rights of the Issuer
ARTICLE 6
The two Governments desiring reciprocity agree that
in the event the Government of Azerbaijan makes arrangements
to issue Coverage or make loans for projects in the United
States of America under a program similar in substance to
the investment incentive program to which this Agreement
relates provisions equivalent to those of this Agreement
shall apply with respect to such arrangements upon
completion of the constitutional or other legal processes of
both Governments approving such provisions
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
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NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
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4
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MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
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
AZERBAIJAN
Finance Investment Guaranties
Agreement signed at Washington September 28 1992 Entered into force January 17 1995
INVESTMENT INCENTIVE AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA
AND THE GOVERNMENT OF AZERBAIJAN
The Government of the United States of America and the
Government of Azerbaijan
Affirming their common desire to encourage economic
activities in Azerbaijan which promote the development of the
economic resources and productive capacities of Azerbaijan and
Recognizing that this objective can be promoted through
investment insurance (including reinsurance) loans and
investment guaranties which are backed in whole or in part by the
Government of the United States of America and provided by the
Overseas Private Investment Corporation (OPIC) an agency of
the Government of the United States of America
Have agreed as follows
ARTICLE 1
As used in this Agreement the term Coverage shall refer
to any investment insurance reinsurance or investment
guaranty which is provided by an Issuer in connection with a
project in the territory of Azerbaijan and the term
Issuer shall refer to OPIC any successor agency of the
Government of the United States of America and the agent of
either
- 2 -
ARTICLE 2
(a) (i) If the Issuer makes payment to any party under
Coverage the Government of Azerbaijan shall subject
to the provisions of Article 3 of this Agreement
recognize the transfer to the Issuer of any assets
including those in the form of investment as well as
currency or credits in connection with such payment
as well as the succession of the Issuer to any right
title claim privilege or cause of action existing
or which may arise in connection therewith
(ii) If the Issuer in the exercise of its rights
as a creditor acquires any such assets or succeeds to
any right title claim privilege or cause of action
the Government of Azerbaijan shall subject to the
provisions of Article 3 of this Agreement recognize
such acquisition or succession
(b) The Issuer shall assert no greater rights than
those of the party from whom such rights were acquired as
described in paragraph (a) of this Article
(c) The Issuer as a non-commercial agency of the
Government of the United States of America shall not be
subject to regulation under the laws of Azerbaijan
applicable to commercial insurance or financial
organizations (d) Interest and fees on loans made or
guaranteed by the Issuer shall be exempt from tax in
Azerbaijan The Issuer shall not be subject to tax in
- 3 -
Azerbaijan relating to any transfer succession or other
acquisition described in paragraph (a) of this Article In
all other cases tax treatment of transactions conducted by
the Issuer in Azerbaijan as well as tax liabilities
existing prior to such transfer succession or other
acquisition shall be determined by applicable law of
Azerbaijan or any applicable specific agreement between the
Governme nt of the United Sta tes and the Government of
Azerbaijan
ARTICLE 3
To the extent that the laws of Azerbaijan partially or
wholly invalidate o r prohibit the transfer succession or
other a cquisition as described in Ar ticle 2(a) o f this
Agre ement o f any interes t in any p r operty within t h e
territory of Azerbaijan by the Issuer the Government of
Azerbai jan shall permit t he Issuer to make appropr i a te
arrangeme n ts pursuant to which s u ch interests a re
transferred to a person or entity permitted to own such
i nteres t s under the laws o f Azerba ijan
ARTICLE 4
(a) Amount s in the c u rren cy of Azerba ijan inc luding
credits t h e reof acquired by t he Issuer in connecti o n with
paymen t t o a part y under Cov e rage s h a l l be accord ed
t r eatment in the ter ritory of Azerba ijan no less f avorable
- 4 -
as to use and conversion than the treatment to which such
funds would be entitled in the hands of the party under
Coverage
(b) Such amounts and credits may be transferred by the
Issuer to any person or entity and upon such transfer shall
be freely available for use by such person or entity in the
territory of Azerbaijan in accordance with its laws
(c) The provisions of this Article shall also apply to
any amounts and credits in the currency of Azerbaijan which
may be accepted by the Issuer in settlement of obligations
with respect to loans made by the Issuer for projects in
Azerbaijan
ARTICLE 5
(a) Any dispute between the Government of the United
States of America and the Government of Azerbaijan regarding
the interpretation of this Agreement or which in the
opinion of one of the Governments presents a question of
international law arising out of any project or activity for
which Coverage has been issued shall be resolved insofar as
possible through negotiations between the two Governments
If at the end of six months following the request for
negotiations the two Governments have not resolved the
dispute by agreement the dispute including the question of
whether such dispute presents a question of international
law shall be submitted at the initiative of either
- 5 -
Government to an arbitral tribunal for resolution in
accordance with paragraph (b) of this Article
(b) The arbitral tribunal referred to in paragraph (a)
of this Article shall be established and function as
follows
(i) Each Government shall appoint one arbitrator
these two arbitrators shall by agreement designate a
president of the arbitral tribunal who shall be a
citizen of a third state and whose appointment shall be
subject to acceptance by the two Governments The
arbitrators shall be appointed within three months and
the president within six months of the date of receipt
of either Governments request for arbitration If the
appointments are not made within the foregoing time
limits either Government may in the absence of any
other agreement request the Secretary-General of the
Permanent Court of Arbitration to make the necessary
appointment or appointments and both Governments agree
to accept such appointment or appointments
(ii) The arbitral tribunal shall base its
decision on the applicable principles and rules of
international law The arbitral tribunal shall decide
by majority vote Its decision shall be final and
binding
( iii ) During the proceedings each of the
Governments shall pay the expense of its arbitrator and
- 6 -
of its representation in the proceedings before the
arbitral tribunal whereas the expenses of the
president and other costs of arbitration shall be paid
in equal parts by the two Governments In its award
the arbitral tribunal may in its discretion
reallocate expenses and costs between the two
Governments
(iv) In all other matters the arbitral tribunal
shall regulate its own procedures
(c) Nothing in this Agreement shall limit the right of
the Government of the United States of America to assert a
claim under international law in its sovereign capacity as
distinct from any rights of the Issuer
ARTICLE 6
The two Governments desiring reciprocity agree that
in the event the Government of Azerbaijan makes arrangements
to issue Coverage or make loans for projects in the United
States of America under a program similar in substance to
the investment incentive program to which this Agreement
relates provisions equivalent to those of this Agreement
shall apply with respect to such arrangements upon
completion of the constitutional or other legal processes of
both Governments approving such provisions
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
AZERBAIJAN
Finance Investment Guaranties
Agreement signed at Washington September 28 1992 Entered into force January 17 1995
INVESTMENT INCENTIVE AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA
AND THE GOVERNMENT OF AZERBAIJAN
The Government of the United States of America and the
Government of Azerbaijan
Affirming their common desire to encourage economic
activities in Azerbaijan which promote the development of the
economic resources and productive capacities of Azerbaijan and
Recognizing that this objective can be promoted through
investment insurance (including reinsurance) loans and
investment guaranties which are backed in whole or in part by the
Government of the United States of America and provided by the
Overseas Private Investment Corporation (OPIC) an agency of
the Government of the United States of America
Have agreed as follows
ARTICLE 1
As used in this Agreement the term Coverage shall refer
to any investment insurance reinsurance or investment
guaranty which is provided by an Issuer in connection with a
project in the territory of Azerbaijan and the term
Issuer shall refer to OPIC any successor agency of the
Government of the United States of America and the agent of
either
- 2 -
ARTICLE 2
(a) (i) If the Issuer makes payment to any party under
Coverage the Government of Azerbaijan shall subject
to the provisions of Article 3 of this Agreement
recognize the transfer to the Issuer of any assets
including those in the form of investment as well as
currency or credits in connection with such payment
as well as the succession of the Issuer to any right
title claim privilege or cause of action existing
or which may arise in connection therewith
(ii) If the Issuer in the exercise of its rights
as a creditor acquires any such assets or succeeds to
any right title claim privilege or cause of action
the Government of Azerbaijan shall subject to the
provisions of Article 3 of this Agreement recognize
such acquisition or succession
(b) The Issuer shall assert no greater rights than
those of the party from whom such rights were acquired as
described in paragraph (a) of this Article
(c) The Issuer as a non-commercial agency of the
Government of the United States of America shall not be
subject to regulation under the laws of Azerbaijan
applicable to commercial insurance or financial
organizations (d) Interest and fees on loans made or
guaranteed by the Issuer shall be exempt from tax in
Azerbaijan The Issuer shall not be subject to tax in
- 3 -
Azerbaijan relating to any transfer succession or other
acquisition described in paragraph (a) of this Article In
all other cases tax treatment of transactions conducted by
the Issuer in Azerbaijan as well as tax liabilities
existing prior to such transfer succession or other
acquisition shall be determined by applicable law of
Azerbaijan or any applicable specific agreement between the
Governme nt of the United Sta tes and the Government of
Azerbaijan
ARTICLE 3
To the extent that the laws of Azerbaijan partially or
wholly invalidate o r prohibit the transfer succession or
other a cquisition as described in Ar ticle 2(a) o f this
Agre ement o f any interes t in any p r operty within t h e
territory of Azerbaijan by the Issuer the Government of
Azerbai jan shall permit t he Issuer to make appropr i a te
arrangeme n ts pursuant to which s u ch interests a re
transferred to a person or entity permitted to own such
i nteres t s under the laws o f Azerba ijan
ARTICLE 4
(a) Amount s in the c u rren cy of Azerba ijan inc luding
credits t h e reof acquired by t he Issuer in connecti o n with
paymen t t o a part y under Cov e rage s h a l l be accord ed
t r eatment in the ter ritory of Azerba ijan no less f avorable
- 4 -
as to use and conversion than the treatment to which such
funds would be entitled in the hands of the party under
Coverage
(b) Such amounts and credits may be transferred by the
Issuer to any person or entity and upon such transfer shall
be freely available for use by such person or entity in the
territory of Azerbaijan in accordance with its laws
(c) The provisions of this Article shall also apply to
any amounts and credits in the currency of Azerbaijan which
may be accepted by the Issuer in settlement of obligations
with respect to loans made by the Issuer for projects in
Azerbaijan
ARTICLE 5
(a) Any dispute between the Government of the United
States of America and the Government of Azerbaijan regarding
the interpretation of this Agreement or which in the
opinion of one of the Governments presents a question of
international law arising out of any project or activity for
which Coverage has been issued shall be resolved insofar as
possible through negotiations between the two Governments
If at the end of six months following the request for
negotiations the two Governments have not resolved the
dispute by agreement the dispute including the question of
whether such dispute presents a question of international
law shall be submitted at the initiative of either
- 5 -
Government to an arbitral tribunal for resolution in
accordance with paragraph (b) of this Article
(b) The arbitral tribunal referred to in paragraph (a)
of this Article shall be established and function as
follows
(i) Each Government shall appoint one arbitrator
these two arbitrators shall by agreement designate a
president of the arbitral tribunal who shall be a
citizen of a third state and whose appointment shall be
subject to acceptance by the two Governments The
arbitrators shall be appointed within three months and
the president within six months of the date of receipt
of either Governments request for arbitration If the
appointments are not made within the foregoing time
limits either Government may in the absence of any
other agreement request the Secretary-General of the
Permanent Court of Arbitration to make the necessary
appointment or appointments and both Governments agree
to accept such appointment or appointments
(ii) The arbitral tribunal shall base its
decision on the applicable principles and rules of
international law The arbitral tribunal shall decide
by majority vote Its decision shall be final and
binding
( iii ) During the proceedings each of the
Governments shall pay the expense of its arbitrator and
- 6 -
of its representation in the proceedings before the
arbitral tribunal whereas the expenses of the
president and other costs of arbitration shall be paid
in equal parts by the two Governments In its award
the arbitral tribunal may in its discretion
reallocate expenses and costs between the two
Governments
(iv) In all other matters the arbitral tribunal
shall regulate its own procedures
(c) Nothing in this Agreement shall limit the right of
the Government of the United States of America to assert a
claim under international law in its sovereign capacity as
distinct from any rights of the Issuer
ARTICLE 6
The two Governments desiring reciprocity agree that
in the event the Government of Azerbaijan makes arrangements
to issue Coverage or make loans for projects in the United
States of America under a program similar in substance to
the investment incentive program to which this Agreement
relates provisions equivalent to those of this Agreement
shall apply with respect to such arrangements upon
completion of the constitutional or other legal processes of
both Governments approving such provisions
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
INVESTMENT INCENTIVE AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA
AND THE GOVERNMENT OF AZERBAIJAN
The Government of the United States of America and the
Government of Azerbaijan
Affirming their common desire to encourage economic
activities in Azerbaijan which promote the development of the
economic resources and productive capacities of Azerbaijan and
Recognizing that this objective can be promoted through
investment insurance (including reinsurance) loans and
investment guaranties which are backed in whole or in part by the
Government of the United States of America and provided by the
Overseas Private Investment Corporation (OPIC) an agency of
the Government of the United States of America
Have agreed as follows
ARTICLE 1
As used in this Agreement the term Coverage shall refer
to any investment insurance reinsurance or investment
guaranty which is provided by an Issuer in connection with a
project in the territory of Azerbaijan and the term
Issuer shall refer to OPIC any successor agency of the
Government of the United States of America and the agent of
either
- 2 -
ARTICLE 2
(a) (i) If the Issuer makes payment to any party under
Coverage the Government of Azerbaijan shall subject
to the provisions of Article 3 of this Agreement
recognize the transfer to the Issuer of any assets
including those in the form of investment as well as
currency or credits in connection with such payment
as well as the succession of the Issuer to any right
title claim privilege or cause of action existing
or which may arise in connection therewith
(ii) If the Issuer in the exercise of its rights
as a creditor acquires any such assets or succeeds to
any right title claim privilege or cause of action
the Government of Azerbaijan shall subject to the
provisions of Article 3 of this Agreement recognize
such acquisition or succession
(b) The Issuer shall assert no greater rights than
those of the party from whom such rights were acquired as
described in paragraph (a) of this Article
(c) The Issuer as a non-commercial agency of the
Government of the United States of America shall not be
subject to regulation under the laws of Azerbaijan
applicable to commercial insurance or financial
organizations (d) Interest and fees on loans made or
guaranteed by the Issuer shall be exempt from tax in
Azerbaijan The Issuer shall not be subject to tax in
- 3 -
Azerbaijan relating to any transfer succession or other
acquisition described in paragraph (a) of this Article In
all other cases tax treatment of transactions conducted by
the Issuer in Azerbaijan as well as tax liabilities
existing prior to such transfer succession or other
acquisition shall be determined by applicable law of
Azerbaijan or any applicable specific agreement between the
Governme nt of the United Sta tes and the Government of
Azerbaijan
ARTICLE 3
To the extent that the laws of Azerbaijan partially or
wholly invalidate o r prohibit the transfer succession or
other a cquisition as described in Ar ticle 2(a) o f this
Agre ement o f any interes t in any p r operty within t h e
territory of Azerbaijan by the Issuer the Government of
Azerbai jan shall permit t he Issuer to make appropr i a te
arrangeme n ts pursuant to which s u ch interests a re
transferred to a person or entity permitted to own such
i nteres t s under the laws o f Azerba ijan
ARTICLE 4
(a) Amount s in the c u rren cy of Azerba ijan inc luding
credits t h e reof acquired by t he Issuer in connecti o n with
paymen t t o a part y under Cov e rage s h a l l be accord ed
t r eatment in the ter ritory of Azerba ijan no less f avorable
- 4 -
as to use and conversion than the treatment to which such
funds would be entitled in the hands of the party under
Coverage
(b) Such amounts and credits may be transferred by the
Issuer to any person or entity and upon such transfer shall
be freely available for use by such person or entity in the
territory of Azerbaijan in accordance with its laws
(c) The provisions of this Article shall also apply to
any amounts and credits in the currency of Azerbaijan which
may be accepted by the Issuer in settlement of obligations
with respect to loans made by the Issuer for projects in
Azerbaijan
ARTICLE 5
(a) Any dispute between the Government of the United
States of America and the Government of Azerbaijan regarding
the interpretation of this Agreement or which in the
opinion of one of the Governments presents a question of
international law arising out of any project or activity for
which Coverage has been issued shall be resolved insofar as
possible through negotiations between the two Governments
If at the end of six months following the request for
negotiations the two Governments have not resolved the
dispute by agreement the dispute including the question of
whether such dispute presents a question of international
law shall be submitted at the initiative of either
- 5 -
Government to an arbitral tribunal for resolution in
accordance with paragraph (b) of this Article
(b) The arbitral tribunal referred to in paragraph (a)
of this Article shall be established and function as
follows
(i) Each Government shall appoint one arbitrator
these two arbitrators shall by agreement designate a
president of the arbitral tribunal who shall be a
citizen of a third state and whose appointment shall be
subject to acceptance by the two Governments The
arbitrators shall be appointed within three months and
the president within six months of the date of receipt
of either Governments request for arbitration If the
appointments are not made within the foregoing time
limits either Government may in the absence of any
other agreement request the Secretary-General of the
Permanent Court of Arbitration to make the necessary
appointment or appointments and both Governments agree
to accept such appointment or appointments
(ii) The arbitral tribunal shall base its
decision on the applicable principles and rules of
international law The arbitral tribunal shall decide
by majority vote Its decision shall be final and
binding
( iii ) During the proceedings each of the
Governments shall pay the expense of its arbitrator and
- 6 -
of its representation in the proceedings before the
arbitral tribunal whereas the expenses of the
president and other costs of arbitration shall be paid
in equal parts by the two Governments In its award
the arbitral tribunal may in its discretion
reallocate expenses and costs between the two
Governments
(iv) In all other matters the arbitral tribunal
shall regulate its own procedures
(c) Nothing in this Agreement shall limit the right of
the Government of the United States of America to assert a
claim under international law in its sovereign capacity as
distinct from any rights of the Issuer
ARTICLE 6
The two Governments desiring reciprocity agree that
in the event the Government of Azerbaijan makes arrangements
to issue Coverage or make loans for projects in the United
States of America under a program similar in substance to
the investment incentive program to which this Agreement
relates provisions equivalent to those of this Agreement
shall apply with respect to such arrangements upon
completion of the constitutional or other legal processes of
both Governments approving such provisions
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
- 2 -
ARTICLE 2
(a) (i) If the Issuer makes payment to any party under
Coverage the Government of Azerbaijan shall subject
to the provisions of Article 3 of this Agreement
recognize the transfer to the Issuer of any assets
including those in the form of investment as well as
currency or credits in connection with such payment
as well as the succession of the Issuer to any right
title claim privilege or cause of action existing
or which may arise in connection therewith
(ii) If the Issuer in the exercise of its rights
as a creditor acquires any such assets or succeeds to
any right title claim privilege or cause of action
the Government of Azerbaijan shall subject to the
provisions of Article 3 of this Agreement recognize
such acquisition or succession
(b) The Issuer shall assert no greater rights than
those of the party from whom such rights were acquired as
described in paragraph (a) of this Article
(c) The Issuer as a non-commercial agency of the
Government of the United States of America shall not be
subject to regulation under the laws of Azerbaijan
applicable to commercial insurance or financial
organizations (d) Interest and fees on loans made or
guaranteed by the Issuer shall be exempt from tax in
Azerbaijan The Issuer shall not be subject to tax in
- 3 -
Azerbaijan relating to any transfer succession or other
acquisition described in paragraph (a) of this Article In
all other cases tax treatment of transactions conducted by
the Issuer in Azerbaijan as well as tax liabilities
existing prior to such transfer succession or other
acquisition shall be determined by applicable law of
Azerbaijan or any applicable specific agreement between the
Governme nt of the United Sta tes and the Government of
Azerbaijan
ARTICLE 3
To the extent that the laws of Azerbaijan partially or
wholly invalidate o r prohibit the transfer succession or
other a cquisition as described in Ar ticle 2(a) o f this
Agre ement o f any interes t in any p r operty within t h e
territory of Azerbaijan by the Issuer the Government of
Azerbai jan shall permit t he Issuer to make appropr i a te
arrangeme n ts pursuant to which s u ch interests a re
transferred to a person or entity permitted to own such
i nteres t s under the laws o f Azerba ijan
ARTICLE 4
(a) Amount s in the c u rren cy of Azerba ijan inc luding
credits t h e reof acquired by t he Issuer in connecti o n with
paymen t t o a part y under Cov e rage s h a l l be accord ed
t r eatment in the ter ritory of Azerba ijan no less f avorable
- 4 -
as to use and conversion than the treatment to which such
funds would be entitled in the hands of the party under
Coverage
(b) Such amounts and credits may be transferred by the
Issuer to any person or entity and upon such transfer shall
be freely available for use by such person or entity in the
territory of Azerbaijan in accordance with its laws
(c) The provisions of this Article shall also apply to
any amounts and credits in the currency of Azerbaijan which
may be accepted by the Issuer in settlement of obligations
with respect to loans made by the Issuer for projects in
Azerbaijan
ARTICLE 5
(a) Any dispute between the Government of the United
States of America and the Government of Azerbaijan regarding
the interpretation of this Agreement or which in the
opinion of one of the Governments presents a question of
international law arising out of any project or activity for
which Coverage has been issued shall be resolved insofar as
possible through negotiations between the two Governments
If at the end of six months following the request for
negotiations the two Governments have not resolved the
dispute by agreement the dispute including the question of
whether such dispute presents a question of international
law shall be submitted at the initiative of either
- 5 -
Government to an arbitral tribunal for resolution in
accordance with paragraph (b) of this Article
(b) The arbitral tribunal referred to in paragraph (a)
of this Article shall be established and function as
follows
(i) Each Government shall appoint one arbitrator
these two arbitrators shall by agreement designate a
president of the arbitral tribunal who shall be a
citizen of a third state and whose appointment shall be
subject to acceptance by the two Governments The
arbitrators shall be appointed within three months and
the president within six months of the date of receipt
of either Governments request for arbitration If the
appointments are not made within the foregoing time
limits either Government may in the absence of any
other agreement request the Secretary-General of the
Permanent Court of Arbitration to make the necessary
appointment or appointments and both Governments agree
to accept such appointment or appointments
(ii) The arbitral tribunal shall base its
decision on the applicable principles and rules of
international law The arbitral tribunal shall decide
by majority vote Its decision shall be final and
binding
( iii ) During the proceedings each of the
Governments shall pay the expense of its arbitrator and
- 6 -
of its representation in the proceedings before the
arbitral tribunal whereas the expenses of the
president and other costs of arbitration shall be paid
in equal parts by the two Governments In its award
the arbitral tribunal may in its discretion
reallocate expenses and costs between the two
Governments
(iv) In all other matters the arbitral tribunal
shall regulate its own procedures
(c) Nothing in this Agreement shall limit the right of
the Government of the United States of America to assert a
claim under international law in its sovereign capacity as
distinct from any rights of the Issuer
ARTICLE 6
The two Governments desiring reciprocity agree that
in the event the Government of Azerbaijan makes arrangements
to issue Coverage or make loans for projects in the United
States of America under a program similar in substance to
the investment incentive program to which this Agreement
relates provisions equivalent to those of this Agreement
shall apply with respect to such arrangements upon
completion of the constitutional or other legal processes of
both Governments approving such provisions
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
- 3 -
Azerbaijan relating to any transfer succession or other
acquisition described in paragraph (a) of this Article In
all other cases tax treatment of transactions conducted by
the Issuer in Azerbaijan as well as tax liabilities
existing prior to such transfer succession or other
acquisition shall be determined by applicable law of
Azerbaijan or any applicable specific agreement between the
Governme nt of the United Sta tes and the Government of
Azerbaijan
ARTICLE 3
To the extent that the laws of Azerbaijan partially or
wholly invalidate o r prohibit the transfer succession or
other a cquisition as described in Ar ticle 2(a) o f this
Agre ement o f any interes t in any p r operty within t h e
territory of Azerbaijan by the Issuer the Government of
Azerbai jan shall permit t he Issuer to make appropr i a te
arrangeme n ts pursuant to which s u ch interests a re
transferred to a person or entity permitted to own such
i nteres t s under the laws o f Azerba ijan
ARTICLE 4
(a) Amount s in the c u rren cy of Azerba ijan inc luding
credits t h e reof acquired by t he Issuer in connecti o n with
paymen t t o a part y under Cov e rage s h a l l be accord ed
t r eatment in the ter ritory of Azerba ijan no less f avorable
- 4 -
as to use and conversion than the treatment to which such
funds would be entitled in the hands of the party under
Coverage
(b) Such amounts and credits may be transferred by the
Issuer to any person or entity and upon such transfer shall
be freely available for use by such person or entity in the
territory of Azerbaijan in accordance with its laws
(c) The provisions of this Article shall also apply to
any amounts and credits in the currency of Azerbaijan which
may be accepted by the Issuer in settlement of obligations
with respect to loans made by the Issuer for projects in
Azerbaijan
ARTICLE 5
(a) Any dispute between the Government of the United
States of America and the Government of Azerbaijan regarding
the interpretation of this Agreement or which in the
opinion of one of the Governments presents a question of
international law arising out of any project or activity for
which Coverage has been issued shall be resolved insofar as
possible through negotiations between the two Governments
If at the end of six months following the request for
negotiations the two Governments have not resolved the
dispute by agreement the dispute including the question of
whether such dispute presents a question of international
law shall be submitted at the initiative of either
- 5 -
Government to an arbitral tribunal for resolution in
accordance with paragraph (b) of this Article
(b) The arbitral tribunal referred to in paragraph (a)
of this Article shall be established and function as
follows
(i) Each Government shall appoint one arbitrator
these two arbitrators shall by agreement designate a
president of the arbitral tribunal who shall be a
citizen of a third state and whose appointment shall be
subject to acceptance by the two Governments The
arbitrators shall be appointed within three months and
the president within six months of the date of receipt
of either Governments request for arbitration If the
appointments are not made within the foregoing time
limits either Government may in the absence of any
other agreement request the Secretary-General of the
Permanent Court of Arbitration to make the necessary
appointment or appointments and both Governments agree
to accept such appointment or appointments
(ii) The arbitral tribunal shall base its
decision on the applicable principles and rules of
international law The arbitral tribunal shall decide
by majority vote Its decision shall be final and
binding
( iii ) During the proceedings each of the
Governments shall pay the expense of its arbitrator and
- 6 -
of its representation in the proceedings before the
arbitral tribunal whereas the expenses of the
president and other costs of arbitration shall be paid
in equal parts by the two Governments In its award
the arbitral tribunal may in its discretion
reallocate expenses and costs between the two
Governments
(iv) In all other matters the arbitral tribunal
shall regulate its own procedures
(c) Nothing in this Agreement shall limit the right of
the Government of the United States of America to assert a
claim under international law in its sovereign capacity as
distinct from any rights of the Issuer
ARTICLE 6
The two Governments desiring reciprocity agree that
in the event the Government of Azerbaijan makes arrangements
to issue Coverage or make loans for projects in the United
States of America under a program similar in substance to
the investment incentive program to which this Agreement
relates provisions equivalent to those of this Agreement
shall apply with respect to such arrangements upon
completion of the constitutional or other legal processes of
both Governments approving such provisions
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
- 4 -
as to use and conversion than the treatment to which such
funds would be entitled in the hands of the party under
Coverage
(b) Such amounts and credits may be transferred by the
Issuer to any person or entity and upon such transfer shall
be freely available for use by such person or entity in the
territory of Azerbaijan in accordance with its laws
(c) The provisions of this Article shall also apply to
any amounts and credits in the currency of Azerbaijan which
may be accepted by the Issuer in settlement of obligations
with respect to loans made by the Issuer for projects in
Azerbaijan
ARTICLE 5
(a) Any dispute between the Government of the United
States of America and the Government of Azerbaijan regarding
the interpretation of this Agreement or which in the
opinion of one of the Governments presents a question of
international law arising out of any project or activity for
which Coverage has been issued shall be resolved insofar as
possible through negotiations between the two Governments
If at the end of six months following the request for
negotiations the two Governments have not resolved the
dispute by agreement the dispute including the question of
whether such dispute presents a question of international
law shall be submitted at the initiative of either
- 5 -
Government to an arbitral tribunal for resolution in
accordance with paragraph (b) of this Article
(b) The arbitral tribunal referred to in paragraph (a)
of this Article shall be established and function as
follows
(i) Each Government shall appoint one arbitrator
these two arbitrators shall by agreement designate a
president of the arbitral tribunal who shall be a
citizen of a third state and whose appointment shall be
subject to acceptance by the two Governments The
arbitrators shall be appointed within three months and
the president within six months of the date of receipt
of either Governments request for arbitration If the
appointments are not made within the foregoing time
limits either Government may in the absence of any
other agreement request the Secretary-General of the
Permanent Court of Arbitration to make the necessary
appointment or appointments and both Governments agree
to accept such appointment or appointments
(ii) The arbitral tribunal shall base its
decision on the applicable principles and rules of
international law The arbitral tribunal shall decide
by majority vote Its decision shall be final and
binding
( iii ) During the proceedings each of the
Governments shall pay the expense of its arbitrator and
- 6 -
of its representation in the proceedings before the
arbitral tribunal whereas the expenses of the
president and other costs of arbitration shall be paid
in equal parts by the two Governments In its award
the arbitral tribunal may in its discretion
reallocate expenses and costs between the two
Governments
(iv) In all other matters the arbitral tribunal
shall regulate its own procedures
(c) Nothing in this Agreement shall limit the right of
the Government of the United States of America to assert a
claim under international law in its sovereign capacity as
distinct from any rights of the Issuer
ARTICLE 6
The two Governments desiring reciprocity agree that
in the event the Government of Azerbaijan makes arrangements
to issue Coverage or make loans for projects in the United
States of America under a program similar in substance to
the investment incentive program to which this Agreement
relates provisions equivalent to those of this Agreement
shall apply with respect to such arrangements upon
completion of the constitutional or other legal processes of
both Governments approving such provisions
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
- 5 -
Government to an arbitral tribunal for resolution in
accordance with paragraph (b) of this Article
(b) The arbitral tribunal referred to in paragraph (a)
of this Article shall be established and function as
follows
(i) Each Government shall appoint one arbitrator
these two arbitrators shall by agreement designate a
president of the arbitral tribunal who shall be a
citizen of a third state and whose appointment shall be
subject to acceptance by the two Governments The
arbitrators shall be appointed within three months and
the president within six months of the date of receipt
of either Governments request for arbitration If the
appointments are not made within the foregoing time
limits either Government may in the absence of any
other agreement request the Secretary-General of the
Permanent Court of Arbitration to make the necessary
appointment or appointments and both Governments agree
to accept such appointment or appointments
(ii) The arbitral tribunal shall base its
decision on the applicable principles and rules of
international law The arbitral tribunal shall decide
by majority vote Its decision shall be final and
binding
( iii ) During the proceedings each of the
Governments shall pay the expense of its arbitrator and
- 6 -
of its representation in the proceedings before the
arbitral tribunal whereas the expenses of the
president and other costs of arbitration shall be paid
in equal parts by the two Governments In its award
the arbitral tribunal may in its discretion
reallocate expenses and costs between the two
Governments
(iv) In all other matters the arbitral tribunal
shall regulate its own procedures
(c) Nothing in this Agreement shall limit the right of
the Government of the United States of America to assert a
claim under international law in its sovereign capacity as
distinct from any rights of the Issuer
ARTICLE 6
The two Governments desiring reciprocity agree that
in the event the Government of Azerbaijan makes arrangements
to issue Coverage or make loans for projects in the United
States of America under a program similar in substance to
the investment incentive program to which this Agreement
relates provisions equivalent to those of this Agreement
shall apply with respect to such arrangements upon
completion of the constitutional or other legal processes of
both Governments approving such provisions
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
- 6 -
of its representation in the proceedings before the
arbitral tribunal whereas the expenses of the
president and other costs of arbitration shall be paid
in equal parts by the two Governments In its award
the arbitral tribunal may in its discretion
reallocate expenses and costs between the two
Governments
(iv) In all other matters the arbitral tribunal
shall regulate its own procedures
(c) Nothing in this Agreement shall limit the right of
the Government of the United States of America to assert a
claim under international law in its sovereign capacity as
distinct from any rights of the Issuer
ARTICLE 6
The two Governments desiring reciprocity agree that
in the event the Government of Azerbaijan makes arrangements
to issue Coverage or make loans for projects in the United
States of America under a program similar in substance to
the investment incentive program to which this Agreement
relates provisions equivalent to those of this Agreement
shall apply with respect to such arrangements upon
completion of the constitutional or other legal processes of
both Governments approving such provisions
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
- 7 -
ARTICLE 7
This Agreement shall continue in force until the
expiration of twelve months from the date on which either
Government shall have given written notice of termination of
this Agreement to the other Provided that in respect of
Coverage issued or loans made at any time before the
termination of this Agreement its provisions shall continue
in effect with respect to such Coverage or loans for a
period of twenty years after the date of termination of this
Agreement
This Agreement shall enter into force on the date on which
the Government of Azerbaijan notifies the Government of the
United States of America that all necessary legal requirements
for entry into force of this Agreement have been fulfilled
Done at Washington on the 28th day of September 1992 in
duplicate in the English language An Azerbaijan language text
shall be prepared which shall be signed in Baku and shall be
considered equally authentic
For the Government of For the Government of THE UNITED STATES OF AMERICA AZERBAIJAN
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
AMEPHKA EHPJigIIIMHIII IIITATJIAPbl h8KYMgTJ1 HJig
A3gPEAJTIAH PECilYEJIHKACbl h8KYMgTJ1 APAChlH)lA KAI1HTAJI
ffiJYJIYIIIYHA KeMgK hAITblH)lA
CA3HIII
AMepHKa EHpJiaIIIMIDII IIIrnrnap1gt1 heK)MaTH Ba A3ap6ajqaJI Pecny6JIHKac1gt1
h0K)MaTH
A3ap6ajTJaH Pecny6JIHKaCbIHUa HITHCaUH ehTHjarnapbIH Ba HCTehCaJI IlOTeHCHaJihIHblH
HHKmrracpbIHa K0MaK enaH TacappycpaT ltpaaJIHjjaTHHa paBaTJ BepMaK ap3YCYHUa jeKUHJI
onnyrnap1gtIHhI 6ajaH euapaK
AMepHKa EHpJiaIIIMIDII lliTaTJiapbl heK)MaTHHHH TaMaMHJia Ba ja rncMaH TaMHH
eTnHjH Ba AMepHKa EHpJiaIIIMHIII lliTaTJiapbI heK)MaTHHHH axeHTJIHjH OJiaH XapHliilI XycycH
HHBeCTHcHjanap KoprropacHjac1gtrn1gtrn (Overseas Private Investment Corporation) (OllHK)
HDapa eTIJHjH KaITHTaJI rojyJiyIIIYHYH CbIFOpTaJiaHMaCblHhIH 0 IYMJiaDaH TaKpap
ChIFOpTaJiaHMaCblHhIH 6opqnap Ba 3aMaHaTJiap BepHJIMaCHHHH haMHH Marcaua qaTMaFa KeMaK
ena 6HJialajHHH TacnHr enapaK
aIIIaIblJJaKhmap 6apaua pa3hIDbIFa KaJIMHIIIJiap
Ta11
Ey Ca3HIIIDa 11
MHHaT TepMHHH EMHTeHTHH11
BepnHjH Ba A3ap6ajTJaH apa3HCHHDa
HHBeCTHCHja najHhaCH HJia anaranap OJiapar KaITHTaJI rojyJiyIIIYHYH hap haHCbl IIIaKHJIDa
CblFOpTaJiaHMaCbIHa TaKpap CbIFOpTaJiaHMaCbIHa Ba 3aMaHaTHHa aMDDHp EMHTeHT11 TepMHHH
OllHK-a Ba AMepHKa EHpJiaIIIMHIII IIIrnrnap1gtIH1gtIH OllHK-HH hyryrH BapHcH oJiaH hap
haHCbl axeHTJIHjHH Ba 6YHJiapnaH hap haHCbl 6HpHHHH caJiahHjjaTJIH HYMajaHnacHHa aMDDHp
(a) (I) g1Cap EMHTeHT TaMHHaTUaH HCTHltpaUa enaH hap haHCbl TapacpHH xejpHHa
enaHHIII hajaTa KeqHpapca A3ap6ajTJaH h0K)MaTH 6y Ca3HIIIHH 3-TJy MaUDacHHHH
MVULJaaJiap1gtIH1gt1 Ha3apa anapar EMHTeHTa TaMHHaT acac1gtrnna enaHHIIIHH hajaTa KeqHpHJIMacH
HJia 6aFJihl OJiaH hap haHCbl aMJiaK capBaTJiapH 0 IYMJiaUaH KaIDITaJI rojynyIIIy IIYJI BaCaHTH
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
Ba ja 6ena Kperorrnap KY3aIIIT e)lIDIUHjHHII ha6ena 6yttyima 6aFJ1bI hap haHCbI hyryr
MYJIKHjjaT hyryry H)lrolanap HMTHja3Jiap Baja 6yttyima anara)lap onapar Mej)laHa 1JbIXaH Baja
Mej)laHa 1Ihixa 6HJ1alaK MahKaMa HZIUHaCbI HpanH cypMaK yqytt acacnap 6apacmma EMHTeHTHH
hyryr BapHCJ1HjHHH Tac)lIIT erorp
(II) gKap EMHTeHT Kpe)llfTOp KHMH 03 hyryrnapbIHbl hajaTa Ke~rnpapKaH hap haHCbl
aMJ1aK capBarnapH anapca Ba ja hap haHCbI hyryrnapbIH MYJIKHjjar H)lJlHanap HMTHja3Jiap
hyryrytt)H Ba ja MahKaMa HZIUHaCbI yqytt acacnapbIH BapHCHHa qeBpHJ1apca A3ap6ajlaH
h0K)7MaTH 6y Ca3HIIIHH 3-ly MaroiacHHa YiFYH onapar 6yimapbIH aJlbIH)lbIFbIHbl Ba ja MHpac
ran)lbIFbIHbl TaC)lHr ellHp
(6) EMHTeHT TapaqmH MaJlHK OJl)lYJY Ba 6y MarolaHHH (a) rraparpaltpbIH)la
KecTapmm1-1jH raj)la)la KY3amT eT)llfjH h yryrnapJlaH ycTytt h yryr Tana6 eTMajalaKJlHp
(B) AMepHKa EHpnaIIIMHIII lllTarnapbIHbIH rejpH-THJapaT ruceHTJ1HjH KHMH EMHTeHT
6apaclfH)la THJapar CbIFoprncbI Ba ManHjja TaIIIKlfJlarnapbrna aHJl e)llfJlaH Ba A3ap6ajJaH
Pecrry6nHKaCbI raHyttBepHJlfJlHjHH)la Ha3ap)la TYTynaH MY)Jllaanap IIIaMlfJl e)llfJlMajaJaK)lHp
(r) EMHTeHTHH Tar)lHM eT)lHjH Ba ja 3aMaHaT IIIaKJ1HH)la Bep)llfjH 6opqnap Y3pa
cpamnap Ba e)laManap A3ap6ajJaH)la BepKHJ1apllaH a3a)l e)llfJlaJaK)lHp (a) rraparpacp1rna
MYBaltp11r cypar)la hyryrnapbIH 6aIIIracbIHa BepHJ1Mac1-1 hyryr BapHcnHjH Ba ja JlHKap
hyryrnapbrn an)la e)lHJ1MacHHa Kepa EMHTeHTJlaH A3ap6ajJaH)la BepKH TYTYJ1MajaJar)lbip
EMHTeHTIIH A3ap6ajJaH)la hajaTa Keq11p)lHjH 6aIIIra aMan11jjarnapbIH BepKH pe)KHMH ha6ena
hyryrnapbIH 6amracbIHa BeplfJlMacHH)laH Ba hyryr BapHCJ1HjHH)laH hyryrnapbIH KY3aIIIT
e)llfJlMaCHH)laH Ba ja 6amracbrna Ke~aCHHJlaH aBBaJ1KH BepKH eh)laJ1HKJ1apH A3ap6ajJaH
Pecrry6nHKaCbIHbIH ryBBa)la ony6 TaT6Hr e)llfJlaH raHyttBepHJlfJlHjH lfJla Ba AMepHKa
EHpnaIIIMHIII IIITarnapbI heK)MaTH HJ1a A3ap6ajJaH Pecrry6nHKaCbIHbIH heK)MaTH apacbIH)la
xycycH Ca3Hm 6aFnaHapca haMHH Ca3HIIIJ1a ~jjaH e)llfJlaJaK)lHp
Maroia 3
Ey Ca3HIIIBH 2 (a) MarolaCHH)la K0CTaplfJ1)lHjH KHMH A3ap6ajJaH Pecrry6nHKaCbl
apa3HCHH)la EMHTeHT TapaltplfH)laH hap haHCbl MYJIKHjjaTHH hap haHCbl rrajbIHbIH
BeplfJlMaCHHHH MHpac rojynMaCbIHbIH an)la e)llfJlMaCHHIIH A3ap6ajJaH Pecrry6nHKaCbl
raHyimapbI lfJla mcMaH Ba TaM e11TH6apcbI3 heca6 e)llfJlMacH Ba jaxYJl ra)laFaH onyttMaCbI
Tar)llfp)la A3ap6ajqaH Pecrry6nHKaCbl h0K)7MaTH EMHTeHTa haMHH rrajbIHbl A3ap6ajJaH
raHyimapbrna Kepa 6ena rraja MaJlHK onMar hyryry ltpH3HKH Ba hyryrH maxcnapa BepHJ1MacH
yqytt YiFYH Ta)l6Hpnap K0pMaja HJa3a BepHp
2
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
(a) EMHTeHTIIH 6eJia TaMHHaTJia anaranap onapar A3ap6aJqaH BaJijyracLI HJia
aJID1IFIJ BacaHTnaH o -qyMJianaH 6y Banjyra HJia aJIDJIFIJ Kpe)UITJiapnaH HCTHqgtana ezumMacH na
OHJiapLIH K81fYPYJIMOCH yqyH A3ap6aJqaH ap83HCHHDa TaMHHaTDaH HCTHqgtana enaH Tapaltpa
Maxcyc BacaHTa japaIUIllaH peXHM EMHTeHTa japaIUIJiaH pe)KHM]JaH helI na arrnepHIIICH3
oJIMajalamLIJgt
(6) EMHTeHT 6y BacaHTHH Ba Kpe)UITnapH hap haHCLI maxca sa ja TamKHJiaTa nepa
6HJiap Ba 6yayH acacLJ1ma haMHH maxc na ja TamKHJiaT oHJiapnm A3ap6aj-qm ap83Hcmma
OHH MaHacpejm1a xanan xampManaH sa OHH raHHBepINBJIHjHHa MYB3qnrr cypalna cap6acT
acrncpana ena 6HJialaKZJKP
(B) 4--qy MannaHHH MY)maanap11 haMlIHHHH A3ap6ajlaHlla najmianap yqyH EMHTeHTHH
TalZJHM ernujH 6opIJiap YJpa ab)laJIHKJiapHH TaH3HMJiaHMacmma EMHTeHTHH A3ap6ajlaH
BaJijyrac11 HJia ra6yn ena 6HJialajH Ma6narnapa Ba Kpe)UITnapa na maMHJI eDHJialaKlJHP
(a) AMepHKa EapnamMHIII IllTaTJiap1gt1HLIH haxyMam Ba A3ap6ajlaH Pecny6mmac11
haKYMam apac1mna 6y C83HmHH TaqgtCHpHHa aH) OJiaH sa ja h8KYMalJiapnaH 6apHHHH
qgtHKpHHla Ta11MHHaTL1 aJILIHMLim hap haHCLI najmia sa ja cpaamrjjaI HJia anaranap onapar
MejDaHa lILJXaH 6ejHaJIXaJII hyryI MacaJiacHHa aH) MY(5ahHca HMKaH DaxHJIHHDa HKH h8KYMaI
apac1mna ZJaHLIIIILilJiap joey HJia apanaH raJIJUgtIpLDialaJJUgtIp JlaHLIIIILIIJiap KelIHpHJIMOCH
harnnma XahHIIIJia MYJgtaIHOO elUf]IZJHKJJaH coHpa axap aJITLI aj ap3HHDa HKH h8K)MOO I
rapmLDILilJILI p83LDILif acac1mna MY(ahHcaHH apanaH raJIDJIpM83ca MY(ahHca o IYMJlanaH I
haMHH MY(ShHcaHHH 6ejHaJIXaJir hyryra aH) OJIY6-0JIMaMaCLI MacaJiacH 6y MaunaHHH (6)
naparpaltp1gtIHa MBaqnrr cypOOna apanm raJIDLipLDIMar yqyH h8KYMOOJiapnan hap haHCLI
6apHHHH Tama66ycy HJia MYHCHltpJiap MahKaMacHHa nepHJialaKZJKP
(6) My6aEiHcanapH 6y MannaHHH (a) rraparpaltpLIHa M(BaltpHI cypOOna apaum
raJIJUgtIpMar yqyH MlplCHltpJiap MahKaMacH amaFLruan1 rajnana jap3llLDiaar Ba HIIIJiajalaKZJHp
(1) hap h8K)MOO 6Hp MffCHltp Ta11jHH enalilaKlJHP Ey HKH MHCHltp rapmLDILIDThI
p83LDILif acacLIH)la hap HKH h8KYMOO TapacpmmaH TajHH e)lHJIMacH 6ajaHHJiaH na yqya-qy
neMalHH BaTalfllamLI OJiaH canp11 MyajjaHJiaIIJDHPHp MYffCHltpJiap yq aj ap3HlfJla caJlP 11ca
MplCHltpJiap MahKaMacmma apaIDZJIIpMa harnnma h8KyMOOJiapHH hap haHCLI 6apHHHH
MPaHam aJILIHllLIFLI xyel(aH em6apaH aJITLI aj ap3mma TajHH enHJIM~ Ey
3
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
NjHHaTJiap jyxaplJ)Ja llejHJiaH MY)])larnap ap3HHlla hajaTa KellHpHJIMa3ca 6amra pa3LDiaJIIMa
oJIMazu1ma h0KMaTJiapHH hap haHC1gt1 6HpH HlmecTHc11ja My68hllcarrapmnm apanaH
raJIlllIp1gtD1Mac11 Y3pa Uamm Ap611Tpax MahKaMacmnm Earn Kam6HHllaH X3hlllll ela 6HJiap
KH Jia3bIMH NjHHaTLI Baja NjHHarnap11 hajaTa KellHpCHH Ey haJIlla hap mm h0KMaT 6y
TajHHaTbI Baja Ta11jHHaTJiapLI ra6YJI eTMaja pa3LI OJIamplalllblp
(2) MYHCHltpJiap MahKaMacH 03 rapap1gt1Hlla 6ejHaJIXaJir hyryryH TaT611r ellHJiaH
rrpHHcinIJiapHHa Ba HOpMaJiap1rna acacJiaHalarllLlp MYfICHltpJiap MahKaMacH rapapLI cac
qoxnyry HJia ra6YJI ellllp OH)H rapap11 raTH oJialaIlllIp Ba heKMaH jepHHa jempHJIMaJIBIlllp
(3) TahIHIaT 3aMaH1gtI h0KMaTJiapHH hap 6HpH 03 MYHCHltpmnm xapIJiapmm Ba
MYHCHltpJiaH MahKaMacHHlla rrpocellYJ)JIampplla TaMcHJI OJIYHMac1rna xapIJiapH ellajalaK callp
yqyH xapIJiap Ba MYHCHltpJiap MahKaMacHHlla apamllbipMaHbm 6amra xapIJiap11 11ca HKH
h0KMaT TapaqgtHHllaH 6apa6ap hHccarrapJia ellaHHJialaK)Ulp MYfICHltpJiap MahKaMacH 03
rapapLIHlla xapIJiapHH Ba ellammIJiapHH mm h0KMaT apac1gt1Hlla 6eJIYIIInYPYJIMacmnm
rrponopc11jaJiapLIHLI 03 MYJI8h113acHHa Kapa llajmnruqgta 6HJiap
(4) EyryH llHl(ap MacaTiaTiap 6apacHHlla MYHCHltpJiap MahKaMacH 03 rrpocem
rajllaJiapLIHLI ~jaH ellllp
(B) Ey Ca3mnzia heq Ha AMepHKa nHpJiaIIIMmII lIITaTJiapLIH heKMaIHIIHH
EMHTeHTHH hap haHCLI hYJYlIlapLIHllaH ltpaprmt cysepeH ll0BJiaT oJiapar EejHaJIXaJir h yryra
yjryH TaTia6 HpaTIH cypMaK h YJYlIlapLIHbI MahllY)Vlamllbipa 6HJIMa3
Mazma 6
hap HKH h0KMaT rapIIllDILirnbI Ha3aKaT xaTHpHHa pa3LDla1Il1IpJiap KH aKap
A3ap6ajlaH heKMam AMepHKa 6HpJiaIIIMmII lIITaTJiap1gtIHlla JiajHhaTiap yqyH Ma3MYHYffa
Kapa mmecmcitjaJiapa KeMaK rrporpaMLma 6aH3ajaH jaHH 6y Ca3mna 6aH3ajaH rrporpaMa
yjFH cypaTlla NMHHaT Ba ja 6op1 sepHJIMacH 6apalla pa3LDiamMa aTl)la ellapca 6eJIa
pa3bDlamMaJiapLI hap HKH h0KMaTHH 6ajaHMacH yqyH KOHCTIIT)7Cltja Ba llHKap raH)H
rrpocellYJ)aJiapLIHLI 6ama qaTllblpllblIllaH coHpa 6y Ca3mIIHH MY)])laaJiap11 HJia eKBHBaJieHT
MY)J)laanap haMHH pa3LDiaJIIMaJiapa Ila maMHJI ellHJialaKJUIP
Mazma 7
Ey Ca3mn OH)H ryssacmnm llajaHllLlp1gtDIMac11 harrLIHlla 6Hp h0JCYMamH 6amracLIHa
ja3LDILI xa6apllapJILir KeBllapllHjH KYffllaH em6apaH OH mm aj rypTapmanaK ryBBalla
4
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5
Ey Ca3mrr OHYJI ryBBaCHHHH najaJmhlphIJIMac11 MlIThIHJla 6Hp h9KYMaTHH 6amrac1ma
ja31m11 xa6apnapn1ir xeimapmjH KYJIAaH eTH6apaH OH HKH aj ryprnpaHaiaK ryBBana
ranalarr(hlp Ey Ca3HIDHH ryBBaCH najaimiIphIJiaH3l(aK hap haHClI BaxTna BepIDiaH Ta 11 MHHaTa
Baja 6op1IBapa KaJllHKna Hca 6ena Ta 11 MHHaT Baja 6op1IBap 6apacHHla Ca3mrrHH wpmaanap11
OHYJI ryBBaCHHHH najaJmhlphIJIJllIFlI BaxTna eTH6apaH HjHpMH IDI ap3HHJla ryBBana
ranaarJllIp
Ey Ca3Hill 6apaCHHla 93 KOHCTHTYCHja Ba ja nmrap hyryrH Tana6napHH jepHHa
jeTHpJlHjHHH A3ap6ajlaH heKYMaTHHHH AMepHKa EHpnamMHID lliTaTnapMHhIH heKyMaTHHa
6HJllHPJlHjH KyH 6y Ca3Hill ryBBaja MHHalaKnHp
BamHHITOJma 1992-qH IDI ceHrja6p1m 28-na HKH Hycxana HHKIDIHC lIDIHJma
HM3aJJaHMhlilllhlp A3ap6ajqaH lHJlHfmaKH MaTH ha3h1pJlaHhI6 EaKhl mahapHHla HM3aJJaHaqar
Ba HHKHJlHC lIDIHHla HM3aJlaHMhlill Ca3HIDHH MaTHH IDia TaM YiFYH onaqarlhlp
A3gPEAJl+IAHAMEPHKA EHPJigIIIMHIII
PECIIYEJIHKACblHbIH h8KYMgTJ1IIITATJIAPblHbIH h8KYMgTJ1
TgpgltJgtlfHIlgHTgpgltJgtlfHIlgH
T rACblMOB ltlgtPEIl M 3EIlEP
MaH TaCJlHf enHpaM KH A3ap6ajqaH lHJlHHlaKH 6y TaM YiFYH MaTH 1992 - IH
IDI ceHTja6p11H 28-na HM3aJlaHMhlill Ca3Hma MYBaqmr maKHJlla ha3hlpJlaHMhlillJl1Ip
AMEPHKA ElfPJigIIIMHIII A3gPEAJIAH PECIIYEJIHKACbl
IIITATJIAPbl h8KYMgTJ1
EaKhI mahapH 1993-qy IDI neKa6p11H 14
5