Uredba o ratifikaciji Sporazuma med Vlado Republike Slovenije in Vlado Države Kuvajt o gospodarskem in tehničnem sodelovanju

The Government of the Republic of Slovenia and the Government of the State of Kuwait (hereinafter jointly referred to as the "Contracting Parties")

Recognizing that economic and technical co-operation is an essential and indispensable component for the development of bilateral relations on a firm, long-term basis, and of mutual interest to the two Contracting Parties and their respective people;

Being guided by the goals of ensuring a steady economic growth, improvement of standards of living of their citizens and effective utilization of their respective available natural and manpower resources; and

Desiring to promote and further strengthen their bilateral economic and technical co-operation in the interest of their people;

Taking into account their commitments by virtue of their membership in the World Trade Organization,

Have agreed on the following:

The Contracting Parties shall promote, by taking proper measures, further development of economic and technical cooperation between them.

For the purpose of this Agreement technical cooperation means mutual education or training programs and exchange of consultants, advisers or similar personnel with a view to strengthen all spheres of economic cooperation between the Contracting Parties.

Both sides shall strive to create favourable investment conditions.

The fields of economic and technical co-operation contemplated in this Agreement include in particular, but are not limited to, the encouragement of:

1. Establishment of projects in the following fields: economic, financial, commercial, banking, industrial, agricultural, infrastructure, services, transportation, telecommunication, environment protection and tourism between the Contracting Parties;

2. Exchange of business and economic information related to technical cooperation;

3. Exchange and training of specialists required for specific technical co-operation programmes;

4. Assisting each other in organizing fairs, exhibitions, symposiums and similar events according to applicable laws.

The Contracting Parties shall encourage the exchange of visits by economic and technical representatives and delegations between them and the setting up of exhibitions for enhancing bilateral economic and technical co-operation.

If deemed necessary, the Contracting Parties shall conclude specific Agreements concerning the fields of co-operation referred to in Article (2) and shall undertake other special projects that may be agreed upon between them.

1. With a view to ensuring the implementation of this Agreement, a Joint Committee shall be established, composed of representatives from both Contracting Parties.

2. The Joint Committee shall meet annually or at the request of either Contracting Party alternately in the capitals of the Contracting Parties.

3. The Joint Committee shall be chaired for the Kuwaiti side by the Minister of Finance of the State of Kuwait, and for the Slovenian side by the Minister nominated by the Government of the Republic of Slovenia.

4. The Joint Committee shall have the authority, inter alia, to consider:

(a) Promoting and coordinating the economic and technical co-operation between the Contracting Parties;

(b) Proposals aimed at the implementation of this Agreement and those Agreements resulting therefrom; and

(c) Recommendations for the purposes of removing obstacles that may arise during the execution of any agreement and project that may be established in accordance with this Agreement.

Any dispute between the Contracting Parties arising out of the interpretation or the implementation of this Agreement shall be settled amicably through consultations or negotiations.

This Agreement shall not prejudice the rights and obligations of the Contracting Parties stemming from other international agreements, in particular membership in the European Union (EU) to which the Republic of Slovenia is a party, and membership in the Gulf Cooperation Council (GCC) to which the State of Kuwait is a party and/or out of their membership in other international organizations.

1. This Agreement shall enter into force on the date of receipt of the last notification in which the Contracting Parties inform each other in writing through the diplomatic channels of the completion of the constitutional requirements necessary for the entry into force of this Agreement.

2. This Agreement may be amended or revised by mutual consent of the Contracting Parties through an exchange of Notes between the Contracting Parties through diplomatic channels. The amendments shall enter into force according to paragraph 1 Article 8.

3. This Agreement shall remain in force for a period of five (5) years and shall be automatically renewed for successive five (5) years periods, unless either Contracting Party notifies the other in writing through the diplomatic channels of its intention to terminate this Agreement at least six (6) months prior to its termination.

The termination of this Agreement shall not affect the validity or the duration of any specific agreements, projects and activities made under this Agreement until the completion of such specific agreements, projects and activities.

IN WITNESS WHEREOF the undersigned, being duly authorized thereto by their respective Governments, have signed this Agreement.

Done in Kuwait on the 11(th) of January 2010 corresponding to the 25(th) of Moharram 1431H, in two original copies, in the Slovenian, Arabic and English languages, all texts being equally authentic. In case of divergence in interpretation, the English text shall prevail.