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AGREEMENT CONCERNING THE EXCHANGE OF GOODS BEIWEEN THE REPUBLIC OF HUNGARY AND INDIA [1949] INTSer 3

AGREEMENT CONCERNING THE EXCHANGE OF GOODS BEIWEEN THE REPUBLIC OF HUNGARY AND INDIA

New Delhi
8 April 1949

The Government of India and the Government of the Republic of Hungary being equally desirous of establishing and furthering direct trade relations between their respective countries have agreed as follows:

Article 1

With respect to the items mentioned in Schedules A and B attached to this Agreement and which shall be taken to form an integral part of this Agreement, the Contracting Parties agree that whenever necessary according to the laws and regulations applicable in either country, import and export licences shall be granted freely according to the laws and regulations applicable, up to the yearly quantity or value mentioned against each item, whenever applications are made in conformity with the laws and regulations applicable.

Article 2

The yearly quantity or value of any of the items mentioned in Schedules A and B can be diminished or increased or fresh items added by mutual agreement between the Contracting Parties.

Article 3

Payments and other charges in connection with import and export of goods between the two countries shall be settled in Rupees or Sterling as mutually convenient.

Article 4

This Agreement shall, subject to ratification as provided in Article 5, remain in force for one year from the date of the exchange of the instruments of ratification, and thereafter for successive periods as may be mutualy agreed upon before the expiry of this Agreement.

Article 5

The Agreement shall be subject to ratification and shall come into force from the date of exchange of the instruments olratification, which shall take place at New Delhi or Budapest as may be mutually convenient or agreed upon and shall be as soon as possible.

DONE and SIGNED in duplicate, in English, either copy being equally authentic, in New Delhi on Friday, the eighth day of April, 1949.

(Sd.) TIBOR MENDE.
For the Government of the Republic of Hungary,

(Sd) C.C. DESAI.
For the Government of India.

Witness
(Sd.) B.P. ADARKAR
8th April,
1949

SCHEDULE A

EXPORTS FROM HUNGARY

£
Transformers and switchgear
Refrigeration plants and ammonia compressors
Diesel engines (1620 H.P Horizontal nnd 1300 H.P vertical)
or complete with generators.
Spare parts and complete steam engines (road rollers not included)
Lorries and trucks (Chassis)
Transport equipment (for mines and other industrial installations)
Concrete and asphalt mixing machines
Machine tools
Pipes and fittings (including ammonia pipes and fittings)
Refrigerator vans
Lithopone
65,000
30,000
100,000
.
250,000
60,000
25,000
25,000
50,000
150,000
50,000
upto 1,500 tons.

SCHEDULE B

EXPORTS PROM INDIA

Tons
Raw Jute
Kyanite
Cotton waste
Linsced oil
Pepper
500
600
200
500
200


India Bilateral

Ministry of External Affairs, India


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