I have the honor to propose that this understanding be treated as an integral part of the Treaty.
I would be grateful if you would confirm that this understanding is shared by your Government.
Sincerely,
Roman Shpek
Minister of Economy of Ukraine
Attachments
DEPUTY UNITED STATES TRADE REPRESENTATIVE
EXECUTIVE OFFICE OF THE PRESIDENT
WASHINGTON, D.C. 20506
March 4, 1996
Dear Mr. Minister:
I have the honor to confirm receipt of your letter which reads as follows:
"I have the honor to confirm the following understanding which was reached between the Government of the United States of America and the Government of Ukraine in the course of negotiations of the Treaty Concerning the Encouragement and Reciprocal Protection of Investment (the "Treaty"):
The Government of Ukraine agrees to designate an office to assist U.S. nationals and companies in deriving the full benefits of the Treaty in connection with their investment and related activities.
-- The office will serve as the coordinator and problem solver for investors experiencing difficulties with registration, licensing, access to utilities, regulatory and other matters.
-- The office will provide the following types of services:
-- Information on current national and local business/investment regulations, including licensing and registration procedures, taxation, labor regulations, accounting standards, and access to credit.
-- A notification procedure on proposed regulatory or legal changes affecting investors with circulation of notices on regulatory changes put into force.
-- Coordination with Ukraine Government agencies at the national and local level to facilitate investment and resolve disputes.
-- Identification and dissemination of information on investment projects and their sources of finance.
-- Assistance to investors experiencing difficulties with repatriating profits and obtaining foreign exchange.
His Excellency
Roman Shpek
Minister of Economy of Ukraine
I understand that the offices designated by the Government of Ukraine to assist U.S. nationals and companies in accordance with this letter are the Administration for Investment Cooperation of the Ministry of Foreign Economic Relations of Ukraine and the Department of Foreign Investments and Credits of the Ministry of the Economy of Ukraine.
I have the honor to propose that this understanding be treated as an integral part of the Treaty.
I would be grateful if you would confirm that this understanding is shared by your government."
I have the further honor to confirm that this understanding is shared by my Government and constitutes an integral part of the Treaty.
Sincerely,
Rufus Yerxa