Memorandum of Understanding Between the Department of Commerce of the United States of America and the Ministry of Economic Development of the Russian Federation
The Department of Commerce of the United States of America and the Ministry of Economic Development of the Russian Federation (hereinafter the Sides),
In furtherance of understandings reached on July 7, 2009, during the U.S.-Russian summit in Moscow;
Recognizing the importance of raising bilateral economic relations to a new level of development; and
Considering the need to determine and discuss priority issues with the aim of achieving concrete results and working out joint solutions in current areas of intergovernmental cooperation;
Have reached the following mutual understanding:
1. The Working Group for Business Development and Economic Relations (hereinafter the Working Group) is to be headed by the United States Secretary of Commerce for the U.S. Side and the Minister of Economic Development of the Russian Federation for the Russian Side (hereinafter the Co-Chairs), who are to head the national sections of the Working Group.
The Co-Chairs, each on behalf of their own Side, shall designate the deputy Co-Chairs of the Working Group (hereinafter the Coordinators) and the Executive Secretaries of the Working Group to support the ongoing activities of the Working Group in the period between the meetings of the Co-Chairs.
1.1. The Sides intend to conduct the meetings of the Working Group on the level of the Co-Chairs as needed, but preferably not less than once a year, serving alternately as the hosting party.
1.2. The Sides intend to consider strategically important issues related to development of business ties and economic cooperation at the meetings of the Working Group at the level of the Co-Chairs.
1.3. The Sides intend to include in the Working Group representatives of interested government agencies of the countries of the Sides, which agencies are to be determined by the Co-Chairs in accordance with the agreed agenda of each meeting.
1.4. The Co-Chairs may conduct meetings of the Working Group with restricted attendance as needed.
2. The Sides intend to conduct meetings between the Coordinators at least twice a year, with restricted or expanded attendance as needed, in order to discuss current issues related to development of business ties and economic cooperation and to work out an agenda for the next meeting of the Working Group.
The makeup of the respective delegations is to be determined by the Coordinators in accordance with the agreed agenda.
3. The executive secretaries under the guidance of the Coordinators exercise oversight and coordinate the activities of the Working Group during the period between meetings of the Coordinators and the meetings of the Working Group.
4. The Co-Chairs may decide to set up subgroups within the framework of the Working Group and to appoint co-chairs of the subgroups for their own Side.
4.1. The makeup of the subgroups, and the frequency and agenda of their meetings, is to be determined by their co-chairs. Reports on the results of the meetings of the subgroups should be sent to the Executive Secretaries of the Working Group.
4.2. The co-chairs of the subgroups may present to the Coordinators problematic issues along with proposals for their resolution, and offer proposals for cooperation that require assistance in implementation on an intergovernmental level.
4.3. The Coordinators may request that subgroups provide materials on the current status of bilateral cooperation and implementation of joint projects.
5. The Working Group intends to interact with business associations of the two countries. The Working Group welcomes recommendations and proposals relating to topics on its agenda from the business communities of the two countries, as well as from scientific and non-governmental organizations, and intends to take them into account in its activities.
The Sides intend to support the holding of business forums organized by business associations with the participation of government and private sector representatives of the two countries.
6. The activities of the Sides under this Memorandum of Understanding are to be carried out in accordance with the laws and regulations of their respective Side and are subject to the availability of appropriated funds.
7. This Memorandum of Understanding does not constitute an international agreement and does not establish rights and obligations governed by international or domestic law.
8. This Memorandum of Understanding becomes effective from the date of its signature by both Sides until one Side informs the other Side in writing of its intent to terminate its activities under this Memorandum of Understanding.
This Memorandum of Understanding is signed in two copies each in the Russian and English languages.
For the U.S. Side
For the Russian Side