The Charter of The Chamber the Chamber of Commerce and Industry of the Republic of Abkhazia (as amended on 23 October 2013.)

1. General Provisions

1.1. The Chamber of Commerce and Industry of the Republic of Abkhazia (hereinafter referred to as CCI REPUBLIC OF ABKHAZIA, Chamber) is a non-profit organization that brings together businesses and entrepreneurs of the Republic of Abkhazia, established in accordance with the REPUBLIC OF ABKHAZIA Law "On CCI REPUBLIC OF ABKHAZIA" on March 17, 2003

1.2. CCI of Abkhazia is guided by the legislation of Republic Of Abkhazia Law "On the Chamber of Commerce and Industry of the Republic of Abkhazia" and from 17.03.2003, by the present Charter. CCI OF ABKHAZIA conducts business only to the extent necessary to fulfill its statutory objectives and does not distribute its profits to its members. The resulting profits are used for statutory purposes.

1.3. CCI of Abkhazia shall function independently or through established companies and institutions. The Chamber of Commerce and Industry of the Republic of Abkhazia is a legal entity, it may have a separate property belonging to it by right of ownership, may on its own behalf, acquire property and personal non-property rights, incur obligations, sue and be sued in court and arbitration courts. The Chamber of Commerce and Industry of the Republic of Abkhazia is responsible for its obligations with all of her ownership of the property . The state and its agencies shall not be liable for the obligations of the CCI of Abkhazia, as well as the Chamber is not liable for the obligations of the state and its agencies. The Chamber of Commerce and Industry of the Republic of Abkhazia is not liable for the obligations of its members, as well as its members are not liable for the obligations of the Chamber. The Chamber may create legal entities. The relationship between the Chamber and its established institutions determined by the current legislation of the Republic of Abkhazia and the Charter of the Chamber of Commerce, and these organizations.

1.4. To represent and protect its interests the Chamber creates overseas representative offices and branches. CCI of REPUBLIC OF ABKHAZIA has its own balance sheet, round stamp and bank settlement accounts and foreign currency accounts.

1.5. Location of CCI REPUBLIC OF ABKHAZIA, Sukhum, Confederates St. 37

2. The goals, objectives and functions of CCI Republic of Abkhazia

2.1 The purpose of The Chamber of Commerce and Industry of the Republic of Abkhazia - to promote the Republic of Abkhazia’s economy and its integration into the world economic system, establishment of modern industrial, financial and trade infrastructure, the creation of an enabling environment for business , entrepreneurs normalization of relations with their social partners, the comprehensive development of all types of business, trade and economic , scientific and technical ties with entrepreneurs of the REPUBLIC OF ABKHAZIA and foreign businessmen , as well as the coordination and representation of the interests of all members of the CCI of Abkhazia , entrepreneurs and their associations , regardless of ownership , affiliation and location in the territory of the Republic of Abkhazia.

2.2 The Chamber of Commerce and Industry of the Republic of Abkhazia provides paid services:

- Organize the work in the field of investment management , commercial and other business risks , ensuring the safety of entrepreneurship, investment protection and assessment of goodwill, economic entities;

- Facilitate the settlement of disputes between organizations and businesses;

- Contributes to the organization and activities of regional and other unions, associations , unions , guilds of entrepreneurs is on their behalf to their interests at home and abroad

- Participates in the development and implementation of measures to prevent the manufacture and trafficking in counterfeit goods, the protection and the protection of intellectual property;

- Provides publishing and advertising services;

- Carries out foreign trade activity for the purposes and the objectives of the Charter of the Chamber of Commerce and the Law of the Republic of Abkhazia «On CCI of Abkhazia";

- Provides mediation services for the legalization of documents related to foreign trade activities and design invitations for foreign citizens arriving in Abkhazia for commercial purposes;

- Assisting in the design of customs documents;

- Organizes business trips (economic missions) in Abkhazia and abroad, provides services for inbound and outbound tourism;

- Provides training and internships abroad;

- Provides advice on the circumstances of force majeure, in accordance with the terms of foreign trade and international treaties of the Republic of Abkhazia;

- Conducts certification, expertise, quality control, quantity and completeness of goods for Abkhaz and foreign organizations in accordance with applicable law;

- Provides translations of economic, scientific, technical and other documentation, reference and information materials, as well as oral translations from foreign languages ​​into the Abkhaz and Russian and Abkhazian and Russian into foreign languages ​​;

- Certifies loyalty own translations economic, legal, technical, social, and other documents from foreign languages ​​into the Abkhaz and Russian and Abkhazian and Russian into foreign languages ​​.

- Organizes and participates in the voluntary certification of non-state legal entities and individuals, including foreign ones, in their areas of activity of the of The Chamber of Commerce and Industry of the Republic of Abkhazia and in accordance with the laws of the Republic of Abkhazia;

- Examines business projects and assists organizations and businesses in the preparation of business plans;

- Provides trade and tender services to a specialized organizations (including electronic), contests, auctions in all forms permitted by applicable law, creates competition and auction commission;

- Provides services in the field of industrial safety, occupational safety and health;

- Conduct an independent examination of prices in the primary and secondary markets, both in the Republic of Abkhazia and the neighboring and far abroad countries;

- Conducts market research for goods and services, foreign exchange markets;

- Organize and conduct activities to promote the digital signature of the interested companies and organizations of the Republic of Abkhazia;

- Provides telecommunication services (telematic services, video conferencing, audio conferencing services, transmission services additional information, data services) ;

- Assists organizations and businesses in search of highly qualified professionals;

- Provides services in additional professional education (training);

- Provides services in organizing the participation of Abkhazian businessmen in economic and business missions abroad and their support;

- Provides services for the organization of events for the reception of foreign business delegations, organization of negotiations, and their support;

- Assisting in the design of customs documents;

3 . Rights of the Chamber of Commerce and Industry of the Republic of Abkhazia

3.1 In order to carry out the functions provided for in this Charter, The CCI of Abkhazia has the right in accordance with the applicable law:

- To carry out an independent examination of draft laws in the field of economy, foreign relations, and other matters affecting the interests of enterprises and entrepreneurs;

- May be involved in the drafting of laws of the Republic of Abkhazia, the decrees of the Cabinet of Ministers of the Republic of Abkhazia, the decisions of the ministries and departments of the Republic of Abkhazia concerning the interests of entrepreneurs;

- To represent and protect the legitimate interests of its members in government agencies;

- Provide assistance to domestic and foreign enterprises and entrepreneurs to patent inventions, utility models, industrial designs, trademarks, service marks and appellations of origin, and to promote the commercialization of their rights to industrial property;

- To participate in intergovernmental commission on trade-economic and scientific-technical cooperation with foreign countries and Abkhaz delegations to sessions of international organizations and negotiations with foreign governments on trade, economic, scientific and technical cooperation;

- Be part of and participate in intergovernmental, governmental and inter-departmental committees on issues of international economic cooperation, as well as national committees and other bodies and organizations operating and created for the development of such cooperation;

- To carry out on behalf of domestic and foreign enterprises and entrepreneurs certification, expertise, quality, quantity and completeness of goods;

- To issue and certify in accordance with international practice, certificates of origin, as well as other documents related to foreign economic activity;

- Issue ATA Carnets (international documents for temporary importation - exportation of goods) to determine the order of their registration and issuance;

- To issue Carnets TTR and determines the order of their registration and issuance. The TIR Carnet (Garnet - TIR) - an international document on the transport of goods from the customs authorities of the place of departure to the customs authorities of the place of destination without intermediate reloading, in road vehicles, combinations of vehicles or containers across one or more frontiers, provided that a certain part of the operation journey between the beginning and the end by trucks;

- With the consent of the enterprises and entrepreneurs of the Republic of Abkhazia to conduct non-state register of enterprises and entrepreneurs of the Republic of Abkhazia, the financial and economic situation proves their reliability as a partner for business in the Republic of Abkhazia and abroad , determines the order of reference ;

- To organize international exhibitions, as well as provide training and exhibitions of domestic goods abroad;

- Create, reorganize and liquidate in the Republic of Abkhazia and overseas the enterprises and institutions, as well as cooperation with foreign enterprises and entrepreneurs to establish mixed Chambers of Commerce of the Republic of Abkhazia, a joint business councils and participate in their activities ;

- Give permission to open representative offices in the Republic of Abkhazia for foreign chambers of commerce, mixed chambers of commerce, federations, associations and unions of employers;

- To witness the force majeure in accordance with the terms of foreign trade and international agreements of the Republic of Abkhazia, as well as trade and port practices in the Republic of Abkhazia;

- To carry out on behalf of domestic and foreign enterprises and entrepreneurs a conduct of an independent evaluation of the various types of property;

- To carry out research and analysis, research on the major problems of the economy, business development, publishing, newspapers, magazines and other printed materials for business;

- To determine ways of their activity, set within the approved estimates of expenditure structure, staffing, number of employees, the shape and size of remuneration and material incentives;

- To make any kind of deal with physical and legal persons and other legal acts;

- Acquire and dispose of all kinds of real and personal property to fulfill the statutory objectives;

- Determine the procedure for the formation and size of formed in the Chamber of special funds and basic directions for their use, to set prices and tariffs for services provided by the Chamber;

- To open branches and representative offices, including overseas;

- Award medals, certificates and other awards of the CCI of Abkhazia for their contribution to the development of entrepreneurship in Abkhazia;

- To carry out other duties consistent with the legislation of the Republic of Abkhazia.

- To conduct non-state register of enterprises and entrepreneurs of the Republic of Abkhazia, when financial and economic situation proves their reliability as a partner for business in Abkhazia and abroad;

3.2 Services provided by The Chamber of Commerce and Industry of the Republic of Abkhazia, are for businesses and entrepreneurs, regardless of their membership in the Chamber of Commerce.

3.3 Legal documents issued by The Chamber of Commerce and Industry of the Republic of Abkhazia within its jurisdiction, are recognized throughout the Republic of Abkhazia.

4 . Members of the Chamber of Commerce and Industry of the Republic of Abkhazia. Their rights and responsibilities

4.1 The members of The Chamber of Commerce and Industry of the Republic of Abkhazia may be enterprises and entrepreneurs of Republic of Abkhazia, as well as organizations, uniting businesses and entrepreneurs:

4.2 Members of The Chamber of Commerce and Industry of the Republic of Abkhazia is carried out on a voluntary basis.

4.3 Members of The Chamber of Commerce and Industry of the Republic of Abkhazia are equal in their rights and duties before the Chamber.

4.4 Members of The Chamber of Commerce and Industry of the Republic of Abkhazia, through their authorized representatives have the right to:

- To submit to the leadership of the Chamber of proposals relating to its operations;

- To be rendered assistance by the CCI of REPUBLIC OF ABKHAZIA in addressing issues related to their activities;

- To use the services of the Chamber and its businesses and institutions on preferential terms determined by the leadership of CCI REPUBLIC OF ABKHAZIA;

- Members of The Chamber of Commerce and Industry of the Republic of Abkhazia have the right of voluntary withdrawal of the members of the Chamber of Commerce.

4.5 Members of CCI REPUBLIC OF ABKHAZIA must:

- Actively promote the implementation of goals, objectives and functions of the CCI of REPUBLIC OF ABKHAZIA;

- To make admission and membership fees in accordance with the existing provisions "On admission and membership fees of the CCI of the REPUBLIC OF ABKHAZIA";

- Operate on the principles of respect of partnership, integrity, preventing unfair competition cases.

4.6 Member of the Chamber of Commerce and Industry of Abkhazia may be expelled from the Chamber the failure to pay annual membership dues.

5. Commissions and committees of The Chamber of Commerce and Industry of the Republic of Abkhazia

Article 5.1. In order to promote the development of various kinds of business in the Republic of Abkhazia, as well as to support new economic structures and distribution of national and international experience of their work in the market economy The Chamber of Commerce and Industry of the Republic of Abkhazia shall set up commissions and committees for each type of industry .

Article 5.2. Commission and the committees of The Chamber of Commerce and Industry of the Republic of Abkhazia conduct the study and analysis of regulations governing business activities, their practical application, and generate suggestions for improvement and recommendations on the formation position of the business community.

Article 5.3. Commissions and committees are created by the decision of the Board of The Chamber of Commerce and Industry of the Republic of Abkhazia and carry out their activities in accordance with the provisions approved by the Board.

Article 5.4. Representatives of the commissions and committees of The Chamber of Commerce and Industry of the Republic of Abkhazia are appointed and dismissed by the Board of the Chamber.

6. The governing bodies of The Chamber of Commerce and Industry of the Republic of Abkhazia

6.1 The highest governing body of The Chamber of Commerce and Industry of the Republic of Abkhazia is the General Meeting of members of the Chamber(hereinafter - Meeting)

6.2 Regular meetings shall be convened by the board of the Chamber at least once a year. To address the issues that are urgent, extraordinary meetings may be convened. Extraordinary meetings shall be convened by decision of the Board of The Chamber of Commerce and Industry of the Republic of Abkhazia, at the request of the Audit Committee or at the request by the not less than 2/3 of the members of the Chamber.

6.3 The time and place of the Meeting, as well as the issues proposed for consideration at the Meeting, are sent by the Board to members of the CCI of Abkhazia no later than 5 days prior to the Meeting.

6.4 Members of the Chamber may be represented at the Meeting, in its sole discretion by any physical person who is a member of the Meeting on the basis of documents confirming his authority. One individual may be authorized representative of only one member of the Chamber of Commerce. One member of the Chamber has only one vote.

6.5 General Meeting of the members of the Chamber:

- Examines reports on the activities of the Chamber, the reports of the Audit Commission and the decisions on them;

- Elects the Management Board;

- Elects the Audit committee of the Chamber, and adopts provision on its activities;

- Proposes to the Board to amend the Charter of CCI of Abkhazia;

- Decides on the termination of the activity of the Chamber of Commerce and Industry of the Republic of Abkhazia;

- Decides on other issues related to the activities of the Chamber;

6.6 The Meeting is considered authorized if the authorized representatives of at least 2/3 of the total number of members of the Chamber are present.

6.7 The issues discussed at the regular as well as at the special meetings shall be resolved by voting, the decisions on the adoption, amendment or supplement of the Charter of CCI of Abkhazia and on the termination of the Chamber are taken by the majority (50 % +1 ) of the members. These issues are addressed in ballot by not less than two thirds of those present at the meeting of members of the Chamber.

6.8 The decisions are effective immediately, unless otherwise specified in the decision.

6.9 In order to guide the activities of the CCI of Abkhazia in the period until next General Meeting, The General Meeting is elected for five years by the Board (hereinafter - Board ). The number of elected members of the Board is determined by the General Meeting of the Chamber. The Management Board shall be composed of the President and Vice President of the CCI of Abkhazia.

6.10 The Board is headed by the Chairman of the Board, who is ex officio President of the Chamber. The work of the Board is conducted in accordance with the Rules adopted by the Board.

6.11 The members of the Board of the Chamber operate on a voluntary basis.

6.12 The Board of the Chamber of Commerce and Industry of the Republic of Abkhazia:

- Elects the President of the Chamber of Commerce and Industry of the Republic of Abkhazia;

- Determines the main directions, priorities and forms of practice of the Chamber to implement its statutory objectives;

- Defines the procedure for admission and termination of membership in the Chamber;

- Determines the size and order of entry payment fee and membership fees;

- Defines the nature of the relationship with the business structures that interact with the Chamber;

- Convene regular and special meetings of the Chamber;

- Decides on the activities of the Chamber, submitted for consideration by the President, the Audit Commission and the members of CCI of Abkhazia.

 - Adopts, amends and supplements the Charter of the CCI of Abkhazia;

- Defines the priorities of the Chamber and the formation and use of the property.

6.13 Meetings of the Board shall be convened by the Chairman as necessary but not less frequently than once every three months. Special meetings of the Board may be convened at the request of the Audit Commission or one third of the Board members of the Chamber.

6.14 Meetings of the Board considered authorized if more than half of the members of the Board are present. Board decisions are taken by simple majority vote of the members of the Board and shall come into effect immediately unless otherwise specified in the decision.

6.15 According to the decision of the Board, its members, without a good reason not to take part in the work of the Board, have lost touch with the organizations they represented at the time of the election, or take other actions that are incompatible with the principles of the Chamber, may be excluded from participation in the work of the Board.

6.17 The President of the CCI of Abkhazia - oversees the activities of the Chamber;

- Organizes the decisions of the General Meeting and the Board of the CCI of Abkhazia;

- Submits for The Board’s review the Chamber’s draft plans, as well as reports on the implementation of these plans;

- Reports to the General Meeting on the activities of the Chamber;

- Defines the methods of management, sets the cost estimates of The Chamber of Commerce and Industry of the Republic of Abkhazia;

- Approves the structure and staff schedule of the Chamber. Determines the size and manner of payment to its employees;

- Hires and dismiss employees of the Chamber, business leaders and organizations of the CCI of Abkhazia, makes decisions on promotions and the imposition of penalties;

- Defines the responsibilities of officers of the Chamber, according to the provisions of subdivisions and their articles of association;

- In the manner prescribed by law shall take a decision on creation, liquidation and reorganization of departments of the Chamber, including abroad;

- Is acting on behalf of the Chamber without a special power of attorney, represents the CCI of Abkhazia in relation to any legal entities and individuals;

- Appoints and dismisses the Vice -President of The Chamber of Commerce and Industry of the Republic of Abkhazia the number of members of the Board;

- Decides to adopt new member of The Chamber of Commerce and Industry of the Republic of Abkhazia and the exclusion of members of Chamber;

6.18 The Audit Commission is elected for a period of five years to audit of the financial and economic activity, cashier checks, property and the reporting of the Chamber. Amount of members of the Auditing Commission is determined by the General Meeting from among persons who are not members of the Board of the Chamber. The Audit Commission is guided by the Regulations passed by the General Meeting of the Chamber of Commerce and Industry of the Republic of Abkhazia.

7. The property the Chamber of Commerce and Industry of the Republic of Abkhazia

7.1 The CCI of Abkhazia may own buildings, structures, equipment, stocks, other securities, and other separate property necessary for the performance of authorized tasks.

7.2 The sources of property of the CCI of Abkhazia are generated from admission and membership fees of enterprises and institutions of the Chamber, extra-budgetary funds and other revenues.

7.3 The valuables of the CCI of Abkhazia are forwarded to providing its statutory activities.

7.4 In case of exclusion from the membership from the CCI of Abkhazia, members previously paid fees are not refundable and the claims on the property of the Chamber are not accepted.

8. Termination of the Chamber of Commerce and Industry of the Republic of Abkhazia

8.1 is carried out in accordance with the Law of the Republic of Abkhazia "On the Chamber of Commerce and Industry of the Republic of Abkhazia ".

Adopted by the General Meeting

Chamber of Commerce and Industry

Republic of Abkhazia

On 1st of October 2013, number 2

Sukhum