Article 1
Democratic basis for cooperation
Cooperation ties between the Community and Brazil and this Agreement In its entirety are based on respect for the democratic principles and human the rights which inspire the domestic and external policies of both Community and Brazil and which constitute an essential component of the Agreement.
Article 2
Intensification of cooperation
1.
Both Parties hereby undertake to impart renewed vigour to relations between them. To achieve this essential objective, they resolve to promote in particular the development of cooperation relating to trade, investment, finance and technology, taking account of Brazil's special situation as a developing country.
2. The Parties acknowledge the value, in the light of the aims of this Agreement of consulting each other on international issues of mutual
interest.
Article 3
Economic cooperation
1. The Contracting Partles, taking into account their mutual interest and long- and medium-term economic objectives, undertake to establish economic cooperation of the widest possible scope. The aims of such cooperation shall be in particular:
generally to step up and diversify economic links between them, to contribute to the sustainable development of their economies and standards of living,
(a)
(b)
(c)
to promote the expansion of
(d)
(e)
(f)
trade in order to achieve
diversification and open up new markets,
to encourage the flow of Investment, the transfer of technology and greater protection of investment,
to promote cooperation between economic operators, particularly small and medium-sized enterprises,
to establish conditions conducive to job-creation,
(g) to protect and Improve the environment,
to strengthen the scientific foundation and capacity for innovation of the Parties,
(h)
to encourage rural development measures,
(i)
(J)
to support efforts and Initiatives for regional integration.
1 [Draft of declaration In the procès-verbal of the negotiating session]
[Exchange of letters between the Heads of Delegation]
During the negotiation of the new framework cooperation agreement between the Community and the Federative Republic of Brazil, Brazil expressed its wish that provision also be made for possible joint consultations on International political issues of mutual interest. The Community delegation took note of this wish and will convey it to the appropriato bodies.
Brazil has taken note of this position and called attention to the provisions of Article 35 of the Agreement (further developments clause).