Common use of Economics Clause in Contracts

Economics. 1. The Community and Romania will facilitate the process of economic reforms and integration by cooperating to improve understanding of the fundamentals of their respective economies and the devising and implementing of economic policy in market economies. 2. To these ends the Community and Romania will: - exchange information on macroeconomic performance and prospects and on strategies for development, - analyse jointly economic issues of mutual interest, including the framing of economic policy and the instruments for implementing it, - through the programme of Action for Cooperation in Economics (ACE) in particular, encourage extensive cooperation among economists and managers in the Community and Romania, in order to expedite the transfer of know-how for the drafting of economic policies, and provide for wide dissemination of the results of policy-relevant research.

Economics. 1. The Community and Romania will facilitate the process of economic reforms and integration by cooperating to improve understanding of the fundamentals of their respective economies and the devising and implementing of economic policy in market economies. 2. To these ends the Community and Romania will: - exchange information on macroeconomic performance and prospects and on strategies for development, - analyse jointly economic issues of mutual interest, including the framing of economic policy and the instruments for implementing it, - through the programme of Action for Cooperation in Economics (ACE) in particular, encourage extensive cooperation among economists and managers in the Community and Romania, in order to expedite the transfer of know-know- how for the drafting of economic policies, and provide for wide dissemination of the results of policy-relevant research.