Russia-Cuba space cooperation agreement ratified

Russia-Cuba space cooperation agreement ratified

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Russia, October 30, 2014: Russia's Federation Council has ratified the intergovernmental agreement with Cuba on cooperation in exploring and using space for peaceful purpose. The agreement was signed on February 21, 2013 in Havana, Cuba and is aimed at creating organisational and legal foundation for the formation and development of cooperation projects between Russia and Cuba in the field of satellite communications, broadcasting and satellite navigation.

The cooperation between the two countries will also relate to space geodesy and meteorology, and remote sensing of the Earth from space. A number of issues on using the results of the joint activities towards the creation of new space equipment and technologies in other areas of economy are currently under discussion. Issues including protection of intellectual rights, exchange of information, the procedures for resolving disputes between the parties as well as those pertaining to accountability and compensation for damage are also under discussion.

Russia has also hinted that goods that would be specially designated under the agreement will be exempt from tariffs and taxes when transported through the Customs.

Source: RIA Novosti