Common use of Economic Cooperation Clause in Contracts

Economic Cooperation. 1. The Parties will encourage the utilization of cooperation instruments and mechanisms between the Parties with a view to strengthening the processes of economic integration and increasing commercial exchanges. 2. The objectives of economic cooperation are to: (a) build up a close relationship between the Parties on existing agreements or arrangements already in effect for trade and economic cooperation; and (b) advance and strengthen trade and economic relations between the Parties. 3. The Parties will encourage and facilitate, as appropriate, including, but not limited to the following activities: (a) dialogue on policies and regular exchanges of information and views on ways to promote and expand trade in goods and services between the Parties; (b) joint elaboration of studies and technical projects of economic interest according to the economic development needs identified by the Parties; (c) keeping each other informed of important economic and trade issues and any impediments to furthering their economic cooperation; (d) providing assistance and facilities to business persons and trade missions of a Party that visit the other Party with the knowledge and support of its relevant agencies (e) supporting dialogue and exchanges of experience among the respective business communities of the Parties; (f) establishing and developing mechanisms for providing information and identifying opportunities for business cooperation, trade in goods and services and investment; and (g) stimulating and facilitating roles of public and/or private sectors in areas of economic interest.