Common use of Information Infrastructure Clause in Contracts

Information Infrastructure. The Parties shall endeavour to expand and strengthen cooperation, with a view to setting up a global information infrastructure. This shall involve: - exchange of information on policies and programmes aimed at setting up the information infrastructure and the corresponding services, - close cooperation between institutions managing current information networks (academic and/or government agencies), - exchange of information on technologies, market needs and other information, organisation of seminars, workshops and conferences for experts and industrialists from both sides, - training and advisory operations, - joint execution of projects, - promotion and agreement of standards, certification and testing, - promotion of an appropriate regulatory framework, - action to promote the growth of information services and infrastructure. Article 86 Banking, insurance and other financial services 1. The Parties shall cooperate with the aim of establishing and developing a suitable framework for the encouragement of a banking, insurance and financial services sector in Estonia. 2. The cooperation shall focus on: - the improvement of efficient accounting and audit systems in Estonia based on international rules and European Community standards, - the strengthening and restructuring of the banking and financial systems, - the improvement and harmonisation of supervision and regulation system of banking and financial services, - the preparation of glossaries of terminology, - the exchange of information in particular in respect of laws in force or being drafted, - the preparation and translation of Community and Estonian legislation. 3. To this end, the cooperation shall include the provision of technical assistance and training. Article 87 Audit and financial control cooperation 1. The Parties shall cooperate with the aim to developing efficient financial control and audit systems in the Estonian administration following standard Community methods and proceedings. 2. Cooperation shall focus on: - the exchange of relevant information on audit systems, - the uniformisation of audit documentation, - training and advisory operations. 3. To this end, technical assistance shall be provided by the Community as appropriate.