Nemanjina 22-26, 11000 Belgrade
Republic of Serbia
Article 16. Entry Into Force
1. This Agreement shall enter into force on the date of receipt of the last notification by which the Contracting Parties notify each other through diplomatic channels of the fulfilment of the internal legal requirements for the entry into force of this Agreement.
2. After the entry into force of this Agreement, the Agreement between the Federal Government of the Federal Republic of Yugoslavia and the Government of the Republic of Turkey on Mutual Encouragement and Protection of Investments, signed on March 2, 2001, is terminated and replaced by this Agreement.
3. This Agreement shall remain in force for a period of 10 years and shall automatically continue in force, unless terminated, in accordance with paragraph 5 of this Article.
4. This Agreement may be amended at any time by mutual consent of the Contracting Parties. Amendments to this Agreement shall enter into force in the manner provided for in paragraph 1 of this Article.
5. Either Contracting Party may terminate this Agreement, with prior written notice to the other Contracting Party of its intention to terminate this Agreement, at least one year before the expiry of the initial period of 10 years or at any time thereafter.
6. In respect of investments made before the date of termination of the Agreement, the provisions of this Agreement shall remain in force for a period of five years.
Conclusion
IN WITNESS WHEREOF, the undersigned, being duly authorized thereto by their respective Governments, have signed this Agreement.
Signed in Ankara, on January 30, 2018, in two originals, each in the Serbian, Turkish and English languages, all texts being equally authentic.
In case of divergence of interpretation, the English text shall prevail.
FOR THE GOVERNMENT OF THE REPUBLIC OF SERBIA
Rasim Ljajic
Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications
FOR THE GOVERNMENT OF THE REPUBLIC OF TURKEY
Nihat ZEYBEKCİ
Minister of Economy