Common use of FINANCIAL MECHANISM Clause in Contracts

FINANCIAL MECHANISM. The Parties shall establish a financial mechanism with the objective of supporting institutional development and capacity building in host state developing countries and, in particular, least-developed countries. Support from this mechanism may be directed at support for the Technical Assistance Committee, invest- ment promotion and facilitation projects, at the monitoring of the effectiveness of this agreement, and for the establishment and operation of the Legal Assistance Centre.

FINANCIAL MECHANISM. The Parties shall establish a financial mechanism with the objective of supporting institutional development and capacity building in host state developing countries andcountries, and in particular, least-particular least developed countries. Support from this mechanism may be directed at support for the Technical Assistance Committee, invest- ment investment promotion and facilitation projectscapacity, and at the monitoring of the effectiveness of this agreement, and for the establishment and operation of the Legal Assistance Advisory Centre.