Policy Implications
4. The Government welcomes closer cooperation between the Community and the countries of Latin America.
The proposed
agreement will provide the basis for developing the Community's relations with Brazil in a coherent and flexible
framework. The government therefore welcome the proposal.
Financial Implications
5. Activity under the Agreement will be funded from within existing budgetary provisions.
Timetable
6. The Council authorised the Commission to open negotiations
with Brazil by a decision of 16 March 1992. The agreement was
initialled on 13-14 April 1992. The Presidency propose that the agreement be formally signed on 15 June, in the margins of the Foreign Affairs Council.
Tristan Garel-Jones
DMEI0514 BRCB
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