Common use of Economic Cooperation Clause in Contracts

Economic Cooperation. 1. The Parties, in the light of the complementarity of their interests and of their long-term economic capabilities, shall bring about economic cooperation in all fields deemed suitable by the Parties. Among the objectives of such cooperation shall be: - the encouragement of closer economic links through mutually beneficial investment, - the encouragement of technological and scientific progress, - the opening up of new sources of supply and new markets, - the creation of new employment opportunities. 2. As means to such ends, the Parties shall, as appropriate, encourage and facilitate inter alia: - a continuous exchange of information relevant to economic cooperation as well as the development of contacts and promotion activities between firms and organizations in both regions, - the fostering, between respective firms, of indus- trial and technological cooperation, including mining, - cooperation in the fields of science and technology, energy, environment, transport and communications, agriculture, fisheries and forestry. In addition the Parties undertake to improve the existing favourable investment climate inter alia through encouraging the extension, by and to all Member States of the Community and by and to all member countries of ASEAN, of investment promotion and protection arrangements which endeavour to apply the principle of non-discrimination, aim to ensure fair and equitable treatment and reflect the principle of reciprocity. 3. Without prejudice to the relevant provisions of the Treaties establishing the Communities, this Agreement and any action taken thereunder shall in no way affect the powers of any of the Member States of the Communities to undertake bilateral activities with any of the member countries of ASEAN in the field of economic cooperation and conclude, where appropriate, new economic cooperation agreements with these countries.

Economic Cooperation. 1. The Parties, in the light of the complementarity of their interests and of their long-term economic capabilities, shall bring about economic cooperation in all fields deemed suitable by the Parties. Among the objectives of such cooperation shall be: -  the encouragement of closer close, economic links through mutually beneficial investment, - Investment;  the encouragement of technological and scientific progress, - ;  the opening up of new sources of supply and new markets, - .  the creation of new employment opportunities. 2. As means to such ends, the Parties shall, as a, appropriate, encourage and facilitate inter alia: - a continuous exchange of information relevant to economic cooperation as well as a, the development of contacts and promotion activities between firms and organizations organisations in both regions, ; - the fostering, between respective firms, of indus- trial industrial and technological cooperation, including mining, ; - cooperation in the fields of science and technology, energy, environment, transport and communications, agriculture, fisheries and forestry. In addition the Parties undertake to improve the existing favourable investment climate inter alia through encouraging the extension, by and to all Member States of the Community and by and to all member countries of ASEAN, of investment promotion and protection arrangements which endeavour to apply the principle of non-discrimination, aim to ensure fair and equitable treatment and reflect the principle of reciprocity. 3. Without prejudice to the relevant provisions of the Treaties establishing the Communities, this Agreement and any action taken thereunder shall in no way affect the powers of any of the Member States of the Communities to undertake bilateral activities with any of the member countries of ASEAN in the field of economic cooperation and conclude, where appropriate, new economic cooperation agreements with these countries.

Economic Cooperation. 1. The Parties, in the light of the complementarity of their interests and of their long-term economic capabilities, shall bring about economic cooperation in all fields deemed suitable by the Parties. Among the objectives of such cooperation shall be: -  the encouragement of closer close, economic links through mutually beneficial investment, - Investment;  the encouragement of technological and scientific progress, - ;  the opening up of new sources of supply and new markets, - .  the creation of new employment opportunities. 2. As means to such ends, the Parties shall, as a, appropriate, encourage and facilitate inter alia: - a continuous exchange of information relevant to economic cooperation as well as the development of contacts and promotion activities between firms and organizations organisations in both regions, ; - the fostering, between respective firms, of indus- trial industrial and technological cooperation, including mining, ; - cooperation in the fields of science and technology, energy, environment, transport and communications, agriculture, fisheries and forestry. In addition the Parties undertake to improve the existing favourable investment climate inter alia through encouraging the extension, by and to all Member States of the Community and by and to all member countries of ASEAN, of investment promotion and protection arrangements which endeavour to apply the principle of non-discrimination, aim to ensure fair and equitable treatment and reflect the principle of reciprocity. 3. Without prejudice to the relevant provisions of the Treaties establishing the Communities, this Agreement and any action taken thereunder shall in no way affect the powers of any of the Member States of the Communities to undertake bilateral activities with any of the member countries of ASEAN in the field of economic cooperation and conclude, where appropriate, new economic cooperation agreements with these countries.