CONFIDENTIAL
HOTE
OTE THE CONTRACTING PARTIES SHALL, WITHIN THE FRAMEWORK OF THEIR
RESPECTIVE LAWS AND REGULATIONS IN FORCE, PROVIDE FINANCIAL ARRANGEMENTS ON AS FAVOURABLE TERMS AS POSSIBLE FOR THE
ECONOMIC CO-OPERATIVE PROJECTS AGREED UPON BY THE TWO PARTIES.
UNQUOTE
IT WILL NEED TO BE MADE CLEAR TO THE CHINESE THAT THE INTERNATIONAL CONSENSUS ON EXPORT CREDIT REPRESENTS THE MOST FAVOURABLE TERMS WHICH CAN BE OFFERED. THE FRENCH HAVE TOLD THE REST OF THE EEC THAT
THAT IS WHAT THEY WILL BE DOING. IF THE CHINESE ENQUIRE ABOUT THE AVAILABILITY OF FINANCE YOU SHOULD SAY THAT THE UK BANKS HAVE
OFFERED THEIR FULL CO-OPERATION IN THE CONTEXT OF ANY ECGD SUPPORTED CONTRACTS WHICH MAY BE AWARDED TO BRITISH CONTRACTORS. THEY HAVE ALREADY OFFERED DOLLARS 1.2BN FOR THIS PURPOSE.
G. ARTICLE 5. WE HAVE HEARD OF CASES OF THE CHINESE REFUSING TO HOLD MEETINGS TO DISCUSS COMMON PROBLEMS. WE SUGGEST THEREFORE THAT THE PHRASE QUOTE WHEN NECESSARY UNQUOTE SHOULD BE REPLACED BY QUOTE WHEN CONSIDERED NECESSARY BE EITHER SIDE UNQUOTE. WE ALSO SUGGEST THE REMOVAL OF THE WORDS QUOTE ATTENDED BY REPRESENTATIVES FROM BOTH SIDES UNQUOTE WHICH ARE SUPERFLUOUS. BUT WE STRONGLY AGREE THAT THERE SHOULD BE NO FORMAL JOINT COMMISSION MACHINERY AS PROVIDED FOR IN THE FRENCH AGREEMENT.
H. ARTICLE 6. ALTHOUGH WE ARE PREPARED TO OMIT A REFERENCE TO THE SCIENCE AND TECHNOLOGY AGREEMENT WE WOULD PREFER THE INCLUSION OF WORDS WHICH REMOVE THE POSSIBILITY OF CONFUSION BETWEEN THIS AND OTHER AGREEMENTS. WE SUGGEST THE FOLLOWING REDRAFT OF THIS ARTICLE:-
WHEN
4
1.
QUOTE THE CONTRACTING PARTIES SHALL CONSULT TOGETHER WHEN EITHER OF
THEM SO REQUESTS IN ORDER TO RESOLVE PROBLEMS CONCERNING THE IMPLEMENTATION OF THIS AGREEMENT WHICH ARISE FOR THAT PARTY FROM ITS OTHER INTERNATIONAL OBLIGATIONS: BUT SUCH CONSULTATIONS SHALL BE WITHOUT PREJUDICE TO THE FUNDAMENTAL OBJECTIVES OF THIS AGREEMENT. UNQUOTE
ア
3 CONFIDENTIAL
1. N AND
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