Common use of Cooperation in the field of services Clause in Contracts

Cooperation in the field of services. The Parties agree to strengthen their cooperation in the field of services, in conformity with the rules of General Agreement on Trade and Services (GATS), thereby reflecting the increasing importance of services for the development and diversification of their economies. Increased cooperation shall be aimed at improving the competitiveness of the Andean Community services sector and facilitating its increased participation in world trade in services in a manner consistent with sustainable development. The Parties shall identify the services sectors on which cooperation will centre. Activities shall be geared, among other things, to the regulatory environment, as well as to access to sources of capital and technology.

Cooperation in the field of services. 1. The Parties agree to strengthen their cooperation in the field of services, in conformity with the rules of the General Agreement on Trade and in Services (GATS), thereby reflecting the increasing importance of services for the development and diversification of their economies. Increased cooperation shall be aimed at improving the competitiveness of the Andean Community Central American services sector and facilitating its increased participation in world trade in services in a manner consistent with sustainable development. 2. The Parties shall identify the services sectors on which cooperation will centre. Activities shall be geared, among other things, to the regulatory environmentenvironment with due regard to domestic legislation, as well as to access to sources of capital and technology.