TNAG-0858-FCO40-1068-Proposed-UK-China-bilateral-shipping-agreement-1979 — Page 157

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GRS 670

RESTRICTED

RESTRICTED

PEKING 270630Z JAN 79

DESKBY ALL ADDRESSEES 290903Z

HKK 026/6

aho av.

TO IMMEDIATE FCO

TELEGRAM NUMBER 130

OF 27 JANUARY.

INFO IMMEDIATE DOI, DOT, ECGD.

M.1.P.T.

1. DRAFT AS FOLLOWS:-

HKK 145/2

KEC

29.JAN1979

PA

Ло

£19.2

DRAFT AGREEMENT ON ECONOMIC COOPERATION BETWEEN THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF CHINA AND THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND.

THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF CHINA AND THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND,

NOTING WITH SATISFACTION THE PROGRESS MADE IN THE DEVELOPMENT GF FRIENDLY RELATIONS BETWEEN THE TWO GOVERNMENTS,

TAKING COGNISANCE OF THE TRADE AGREEMENT BETWEEN THE PEOPLE'S REPUBLIC OF CHINA AND THE EUROPEAN ECONOMIC COMMUNITY,

DESIRING TO STRENGTHEN FURTHER THE TRADITIONAL FRIENDSHIP BETWEEN THE TWO PEOPLES AND TO PROMOTE THE DEVELOPMENT OF THE ECONOMIC, RELATIONS BETWEEN THE TWO COUNTRIES ON THE BASIS OF EQUALITY AND MUTUAL BENEFIT,

HAVE AGREED AS FOLLOWS:

ARTICLE 1.

THE CONTRACTING PARTIES SHALL TAKE ALL POSSIBLE MEASURES TO CREATE FAVOURABLE CONDITIONS FOR STRENGTHENING ECONOMIC COOPERATION BETWEEN THE TWO COUNTRIES AND FOR BRINGING ABOUT A RAPID INCREASE IN THEIR ECONOMIC TIES. BOTH PARTIES HAVE AGREED THAT DURING THE PERIOD FROM 1979 TO 1395 THE TOTAL VALUE OF

TWO-WAY EXCHANGES SHALL AS FAR AS POSSIBLE REACH DOLLARS THEY SHALL STRIVE TO KEEP THEIR MUTUAL ECONOMIC INTERESTS WELL-BALANCED AND TO PROMOTE THE CO-ORDINATED DEVELOPMENT OF THE ECONOMIC RELATIONS OF BOTH COUNTRIES.

RESTRICTED

/ARTICLE 2.

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