Stabilisation and Association Agreement - Official Documents

situation existing prior to the entry into force of this Agreement.
6) Bosnia and Herzegovina shall adapt its legislation, including administrative,
technical and other rules, to that of the Community existing at any time in the field
of air, maritime, inland waterways and land transport insofar as it serves
liberalisation purposes and mutual access to markets of the Parties and facilitates
the movement of passengers and of goods.
7) In step with the common progress in the achievement of the objectives of this
Chapter, the Stabilisation and Association Council shall examine ways of creating
the conditions necessary for improving freedom to provide air and land transport
services.
38
CHAPTER IV
CURRENT PAYMENTS AND MOVEMENT OF CAPITAL
ARTICLE 60
The Parties undertake to authorise, in freely convertible currency, in accordance
with the provisions of Article VIII of the Articles of Agreement of the International
Monetary Fund, any payments and transfers on the current account of balance of
payments between the Community and Bosnia and Herzegovina.
ARTICLE 61
1. With regard to transactions on the capital and financial account of balance of
payments, from the entry into force of this Agreement, the Parties shall ensure the
free movement of capital relating to direct investments made in companies formed
in accordance with the laws of the host country and investments made in
accordance with the provisions of Chapter II of Title V, and the liquidation or
repatriation of these investments and of any profit stemming there from.
2. With regard to transactions on the capital and financial account of balance of
payments, from the entry into force of this Agreement, the Parties shall ensure the
free movement of capital relating to credits related to commercial transactions or to
the provision of services in which a resident of one of the Parties is participating,
and to financial loans and credits, with maturity longer than a year.
3. As from the entry into force of this Agreement, Bosnia and Herzegovina shall
authorise, by making full and expedient use of its existing rules and procedures, the
acquisition of real estate in Bosnia and Herzegovina by nationals of Member
States.
Within six years from the entry into force of this Agreement, Bosnia and