MEMORANDUM OF UNDERSTANDING ON COOPERATION BETWEEN THE MINISTRY OF FOREIGN AFFAIRS OF THE REPUBLIC OF SERBIA AND THE MINISTRY OF FOREIGN AFFAIRS OF THE REPUBLIC OF LATVIA ("Off. Herald of RS - Treaties", No. 1/2022)

The Ministry of Foreign Affairs of the Republic of Serbia and the Ministry of Foreign Affairs of the Republic of Latvia (hereinafter referred to as "the Participants"),

Considering the importance of the political, economic and cultural relations,

Realizing that stronger bilateral cooperation will contribute to the friendly relations between the citizens of Serbia and Latvia,

Considering Serbia's strategic orientation towards the EU and its reform efforts aiming at effectively pursuing its European agenda, and Latvia's interest in supporting the European integration of Serbia and enhanced level of cooperation,

Aiming at further developing bilateral relations and continually strengthening direct contacts at the expert level of the Participants,

Have entered into the following Memorandum of Understanding (hereinafter "MoU"):

Paragraph 1

The Participants will further enhance their mutual cooperation and information exchange through the establishment of political consultations in the field of bilateral relations, the European integration process, international issues and security policies.

Paragraph 2

The Participants will strengthen cooperation in the field of economic diplomacy through the exchange of experience, expertise and know-how.

Paragraph 3

The Participants will examine ways to establish cooperation in the field of diplomatic education and training.

Paragraph 4

The expenses arising from the implementation of this MoU will be covered by the Participants according to the budget resources.

Paragraph 5

The present MoU does not entail binding legal rights and obligations between the Participants. Any dispute or divergence of opinion regarding its application will be resolved amicably by the Participants through direct consultations.

Paragraph 6

This MoU takes effect on the date of signature. It will remain valid for an indefinite period, unless terminated by either Participant by notification through diplomatic channels. The termination will take effect three (3) months following the date of receipt of the notification.

Signed in Belgrade on 31st January 2022, in duplicate in the English language, both texts being equally valid.

For the Ministry of Foreign Affairs of the Republic of Serbia

For the Ministry of Foreign Affairs of the Republic of Latvia