Common use of Economic Cooperation Clause in Contracts

Economic Cooperation. 1. The Contracting Parties undertake, in accordance with their respective polices and objectives and within their financial means available, to xxxxxx economic cooperation for mutual benefit. 2. The Contracting Parties agree that economic cooperation will involve three broad fields of action: (a) improving the economic environment in Sri Lanka by facilitating access to Community know-how, technology and capital; (b) facilitating contracts between economic operators and other measures designed to promote commercial exchanges and investments; (c) reinforcing mutual understanding of their respective economic, social and cultural environment as a basis for effective cooperation. 3. In the broad fields described above, and without excluding any area from the outset, the aims of the Contracting Parties shall be in particular to: - Improve the economic environment and business climate, - Cooperate in the protection of the environment and natural resources, - Cooperate in the field of energy, including non conventional sources and energy efficiency, - Cooperate in the field of telecommunications, information technology, and related matters, - Cooperate in the field of metrology and industrial standards, - Cooperate in the field of intellectual property, - Cooperate in the area of regional integration, through transfer of experience, - Encourage technology transfer in other sectors of mutual benefit, - Exchange information on monetary matters and the macroeconomic environment, - Reinforce and diversify economic links between them, - Encourage, by means of a favourable climate, the two-way flow of Community-Sri Lanka trade and investment, - Promote cooperation in order to develop agriculture, fisheries, mining, transport and communication, health, drug abuse control, banking and insurance, tourism and other services, - Facilitate the establishment of conditions conducive to job creation, - Encourage close cooperation between their private sectors, - Promote cooperation between small and medium-sized enterprises, - Activate cooperation in the industrial sector, including agro-industry and industry with a heavy technological bias, - Promote cooperation in industrial and urban ecology, - Support Sri Lankan efforts in the field of trade promotion and market development, - Promote cooperation between education and training institutions, - Promote scientific and technological cooperation, - Encourage cooperation in the field of privatization in Sri Lanka, - Cooperate in the fields of information and culture. Cooperation in certain of the abovementioned sectors is set out in more detail in Articles 5 to 12 of this Agreement. 4. The Contracting Parties shall consider, each in their mutual interests and in accordance with their respective polices and objectives, the following means to achieve these aims: - Exchange of information and ideas, - Preparation of studies, - Provision of technical assistance, - Training programmes including vocational training, - Establishment of links between research and training centres, specialized agencies, business organizations, - Promotion of investment and joint ventures, - Institutional development of public and private agencies and administrations, - Access to each other's existing databases and creation of new ones, - Workshops and seminars, - Exchanges of experts. 5. The Contracting Parties will determine together and to their mutual advantage the areas and priorities to be covered by concrete actions of economic cooperation, in conformity with their long-term objectives.

Economic Cooperation. 1. The Contracting Parties undertake, in accordance with their respective polices and objectives and within their financial means available, to xxxxxx economic cooperation for mutual benefit. 2. The Contracting Parties agree that economic cooperation will involve three broad fields of action: (a) improving the economic environment in Sri Lanka by facilitating access to Community know-how, technology and capital; (b) facilitating contracts between economic operators and other measures designed to promote commercial exchanges and investments; (c) reinforcing mutual understanding of their respective economic, social and cultural environment as a basis for effective cooperation. 3. In the broad fields described above, and without excluding any area from the outset, the aims of the Contracting Parties shall be in particular to: - Improve improve the economic environment and business climate, - Cooperate cooperate in the protection of the environment and natural resources, - Cooperate cooperate in the field of energy, including non conventional sources and energy efficiency, - Cooperate cooperate in the field of telecommunications, information technology, and related matters, - Cooperate cooperate in the field of metrology and industrial standards, - Cooperate cooperate in the field of intellectual property, - Cooperate cooperate in the area of regional integration, through transfer of experience, - Encourage encourage technology transfer in other sectors of mutual benefit, - Exchange exchange information on monetary matters and the macroeconomic environment, - Reinforce reinforce and diversify economic links between them, - Encourageencourage, by means of a favourable climate, the two-way flow of Community-Sri Lanka trade and investment, - Promote promote cooperation in order to develop agriculture, fisheries, mining, transport and communication, health, drug abuse control, banking and insurance, tourism and other services, - Facilitate facilitate the establishment of conditions conducive to job creation, - Encourage encourage close cooperation between their private sectors, - Promote promote cooperation between small and medium-sized enterprises, - Activate activate cooperation in the industrial sector, including agro-industry and industry with a heavy technological bias, - Promote promote cooperation in industrial and urban ecology, - Support support Sri Lankan efforts in the field of trade promotion and market development, - Promote promote cooperation between education and training institutions, - Promote promote scientific and technological cooperation, - Encourage encourage cooperation in the field of privatization in Sri Lanka, - Cooperate cooperate in the fields of information and culture. Cooperation in certain of the abovementioned sectors is set out in more detail in Articles 5 to 12 of this Agreement. 4. The Contracting Parties shall consider, each in their mutual interests and in accordance with their respective polices and objectives, the following means to achieve these aims: - Exchange exchange of information and ideas, - Preparation preparation of studies, - Provision provision of technical assistance, - Training training programmes including vocational training, - Establishment establishment of links between research and training centres, specialized agencies, business organizations, - Promotion promotion of investment and joint ventures, - Institutional institutional development of public and private agencies and administrations, - Access access to each other's existing databases and creation of new ones, - Workshops workshops and seminars, - Exchanges exchanges of experts. 5. The Contracting Parties will determine together and to their mutual advantage the areas and priorities to be covered by concrete actions of economic cooperation, in conformity with their long-term objectives.