Raw Materials. 1. The Parties agree to strengthen cooperation and promotion of mutual understanding between both sides in the field of raw materials. 2. This cooperation and promotion of mutual understanding should address topics such as the regulatory framework for raw materials sectors (including governance of mining income for socioeconomic development; and environmental protection and safety regulations in relation to the mining and raw material sectors) and trade in raw materials. With a view to xxxxxx greater cooperation and mutual understanding, either Party may request ad hoc meetings related to raw materials. 3. The Parties recognize that a transparent, non-discriminatory, non-distortive rules-based environment is the best way to create an environment favourable to foreign direct investment in the production and trade of raw materials. 4. The Parties, taking into account their respective economic policies and objectives and with a view to fostering trade, agree to promote cooperation in the removal of barriers to trade in raw materials. 5. Upon request by either Party, any matter concerning trade in raw materials could be raised and discussed during the Joint Committee and Subcommittee meetings, which shall have the power to take decisions thereon pursuant to Article 56 in line with the principles set out in the paragraphs above.
Appears in 7 contracts
Samples: Framework Agreement, Framework Agreement, Framework Agreement
