Republic of Serbia
The State Attorney's Office
Kosovska 31
11 000 Belgrade
Republic of Serbia
Article 16. Entry Into Force
1. This Agreement shall enter into force on the date of the receipt of the last notification by the Contracting Parties, in writing and through diplomatic channels, of the completion of the respective internal legal procedures necessary to that effect.
2. Upon the entry into force of this Agreement, the Agreement between the Government of the Republic of Turkey and the Federal Government of the Federal Republic of Yugoslavia concerning the Reciprocal Promotion and Protection oflnvestments, signed on 2nd March 2001 is terminated and substit11ted by this Agreement.
3. This Agreement shall remain in force for a period of ten (10) years and shall continue to be in force unless terminated in accordance with paragraph 5 of this Article.
4. This Agreement may be amended by mutual written consent of the Contracting Parties at any time. The amendments shall enter into force in accordance with the same legal procedure prescribed under the paragraph 1 of the present Article.
5. Either Contracting Party may, by giving one year's prior written notice to the other Contracting Party, terminate this Agreement at the end of the initial ten-year period or at any time thereafter.
6. With respect to investments made or acquired prior to the date of termination of this Agreement and to which this Agreement otherwise applies, the provisions of all of the other Articles of this Agreement shall thereafter continue to be effective for a further period of five (5) years from the date of termination.
Conclusion
IN WITNESS WHEREOF, the undersigned representatives, duly authorized thereto by their respective Governments, have signed this Agreement.
DONE in duplicate at Belgrade on September 7, 2022 in the Turkish, Serbian and English languages, all texts being equally authentic.
In case of any divergence of interpretation, the English text shall prevail.
FOR THE GOVERNMENT OF THE REPUBLIC OF TÜRKIYE
Mustafa VARANK
Minister of Industry and Technology
FOR THE GOVERNMENT OF THE REPUBLIC OF SERBIA
ANĐELKA ATANASKOVIĆ
Minister of Economy