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Name: Economic Relations with Foreign Countries Act of 19 April 1990.
Country: Czechoslovakia (former)
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 1990-04-19
Entry into force:
ISN: CSK-1990-L-20312
Bibliography: Acts on Economic Relations with Foreign Countries, on the enterprise with foreign property..., 1990, Czechoslovak chamber of commerce and industry, Prague, Czechoslovakia, pp. 7-34 (INFORM)
Abstract/Citation: This Act is intended to provide more scope for foreign economic activity and open up the Czechoslovak economy to the outside world by relaxing the rules on economic relations with foreign countries; allowing Czechoslovak natural persons to engage in foreign economic activity-in principle on the same terms as legal persons; reforming the system of registration and authorisation to carry on economic activities with foreign countries; and providing for security deposits, administrative formalities, individual membership of the Czechoslovak Chamber of Commerce and Industry and other matters. Authorisation granted under the previous Act on this subject is automatically recognised as authorisation or registration under the amended version. However, Czechoslovak organisations trading with CMEA countries under Section 7 (2) (b) of the previous Act must be registered or authorised to do so within three months of the entry into force of the new Act. Amends Act No. 42/1980 Coll., on Economic Relations with Foreign Countries in the version of Act No. 102/1988 Coll, and amends and repeals many other statutory provisions concerning foreign trade and related matters (section 63). Available in English.

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