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EXPLANATORY MEMORANDUM ON COMMUNITY LEGISLATION CONCERNING THE
CONCLUSION OF A FRAMEWORK COOPERATION AGREEMENT BETWEEN THE
EUROPEAN COMMUNITY AND MACAO
Submitted by the Foreign and Commonwealth Office on
May 1992
Subject Matter
1.
The proposed Decision concerns a framework commercial and economic cooperation agreement between the Community and Macao. The proposed agreement allows for commercial and economic cooperation in a wide range of fields.
2. Commercial cooperation will be based on mfn status in the
following areas:
i)
customs duties;
ii)
customs procedures;
iii)
internal market regulations.
3.
In particular the Agreement provides for cooperation in the following areast
i)
ii)
iii)
(iv)
industry;
investment protection and promotion;
science and technology;
telecommunications;
DME10515BR1CB