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Protocol — of Provisional Application of the Agreement on Commercial Debts Owed by Residents of Turkey Overeenkomst nopens handelsschulden van personen woonachtig in Turkije

of Provisional Application of the Agreement on Commercial Debts Owed by Residents of Turkey

The Signatories of the Agreement on Commercial Debts Owed by Residents of Turkey (hereinafter called the “Debts Agreement”), signed this day;

Desirous of giving effect to the Debts Agreement without delay;

Have agreed as follows:

1. Subject to the provisions of paragraph 4, the Parties to the present Protocol shall apply the Debts Agreement provisionally as if the said Agreement had come into force as from the date of its signature.

2. Subject to the provisions of paragraph 4, the Turkish Government and any other Party to the present Protocol shall provisionally cease to apply any bilateral Agreement, previously concluded between these Parties, relating to the amortisation of Turkish external commercial debts as well as provisions in other Agreements between them relating thereto as if the bilateral Agreement or provision concerned had been abrogated as from the signature of the Debts Agreement with the effects provided in paragraph (b) of Article 11 of the said Agreement.

3. Subject to the provisions of paragraph 4, the present Protocol shall come into force on this day's date and shall continue in force until the Debts Agreement comes into force.

4. If at the time of its signature, a Party to the present Protocol declares that the Debts Agreement can, as far as that Party is concerned, be applied subject only to the condition that it be ratified in accordance with its constitutional processes,

(i) the present Protocol shall come into force, in so far as the said Party is concerned, on the date when its instrument of ratification is deposited in accordance with the provisions of Article 16 of the Debts Agreement; and

(ii) the Debts Agreement shall then be applied provisionally, in so far as that Party is concerned, as if it had come into force as from the date provided for in paragraph 1.

Regeling
Overeenkomst nopens handelsschulden van personen woonachtig in Turkije
Soort
Verdrag
Geldend vanaf
16-11-1962
BWB-id
BWBV0004907
Versie
1962-11-16_0

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