Intergovernmental Clearing Agreement
From Supply Chain Management Encyclopedia
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- | Bilateral clearing accounts have been established with all states of FSU (former Soviet republics). However, it was only one intergovernmental clearing agreement in 1994; the “Roscontract” agreement with Russia which specified the intergovernmental exchange of crude oil from Russia for strategic products from Belarus, on a balanced basis. A successor agreement has been signed for 1995 as has a new clearing agreement with Uzbekistan, calling for the exchange of cotton from Uzbekistan for strategic products from Belarus, on a balanced basis<ref> Belarus – Recent Economic Developments – IMF Staff Country Report # 95/99, October, 1995 </ref>. | + | Bilateral clearing accounts have been established with all states of FSU (former Soviet republics). However, it was only one intergovernmental clearing agreement in 1994; the “Roscontract” agreement with Russia which specified the intergovernmental exchange of crude oil from Russia for strategic products from Belarus, on a balanced basis. A successor agreement has been signed for 1995 as has a new clearing agreement with Uzbekistan, calling for the exchange of cotton from Uzbekistan for strategic products from Belarus, on a balanced basis<ref> Belarus – Recent Economic Developments – IMF Staff Country Report # 95/99, October, 1995 </ref>. |
=='''References'''== | =='''References'''== |
Revision as of 14:06, 16 July 2014
Russian: Межправительственное клиринговое соглашение
Generalized Flow Chart of Intergovernmental Clearing Agreement[1]
EXAMPLES:
Bilateral clearing accounts have been established with all states of FSU (former Soviet republics). However, it was only one intergovernmental clearing agreement in 1994; the “Roscontract” agreement with Russia which specified the intergovernmental exchange of crude oil from Russia for strategic products from Belarus, on a balanced basis. A successor agreement has been signed for 1995 as has a new clearing agreement with Uzbekistan, calling for the exchange of cotton from Uzbekistan for strategic products from Belarus, on a balanced basis[2].