Agreement on the conservation and sustainable use of aquatic biological resources of the Caspian Sea.

By the Law № 1124-IVQ dated 16 December 2014, Agreement on the conservation and sustainable use of aquatic biological resources of the Caspian Sea was approved. The Parties agree upon cooperation on (i) giving priority to the conservation of aquatic biological resources, (ii) sustainable use of aquatic biological resources, (iii) application of accepted international rules, (iv) ecosystem preservation and biodiversity protection, (v) conservation of aquatic biological resources in scientific research and use this as a basis of common aquatic biological resources management, and (vi) taking measures for sustainable use and conservation of aquatic biological resources in the Caspian Sea and for management of common aquatic biological resources. The Parties shall develop the cooperation by research studies, data collection, exchange of scientific and technical documents, experience and information, preventive measures for illegal, unreported and unregulated fishing and by development of short, medium and long-term programs for aquatic production and for their reintroduction into their natural habitats. The Parties may organize seminars, conferences and training programs. A Joint Committee shall be established by the contracting parties. This Agreement may be amended by mutual written consent. The dispute may be solved by consultations and negotiations between the Parties. This Agreement shall be valid until one of the Parties exercises its termination rights requiring twelve months written notice.