TNAG-2321-FCO40-3365-Human-rights-in-Hong-Kong-1991 — Page 152

tion of international trade and to a wider utilisation of modern technology, lead to the mutually advantageous utilisation of economic complementari- ties through better use of all factors of production, and

accelerate the industrial development of all those who take part in such co-operation,

Propose to encourage the development of industrial co-operation between the competent organisations, enterprises and firms of their countries;

Consider that industrial co-operation may be facilitated by means of inter- governmental and other bilateral and multilateral agreements between the interested parties;

Note that in promoting industrial co-operation they should bear in mind the economic structures and the development levels of their countries;

Note that industrial co-operation is implemented by means of contracts concluded between competent organisations, enterprises and firms on the basis of economic considerations;

Express their willingness to promote measures designed to create favourable conditions for industrial co-operation;

Recognise that industrial co-operation covers a number of forms of economic relations going beyond the framework of conventional trade, and that in concluding contracts on industrial co-operation the partners will determine jointly the appropriate forms and conditions of co-operation, taking into account their mutual interests and capabilities;

Recognise further that, if it is in their mutual interest, concrete forms such as the following may be useful for the development of industrial co-operation : joint production and sale, specialisation in production and sale, construction, adaptation and modernisation of industrial plants, co-operation for the setting up of complete industrial installations with a view to thus obtaining part of the resultant products, mixed companies, exchanges of "know-how", of technical information, of patents and of licences, and joint industrial research within the framework of specific co-operation projects;

Recognise that new forms of industrial co-operation can be applied with a view to meeting specific needs;

Note the importance of economic, commercial, technical and administrative information such as to ensure the development of industrial co-operation;

Consider it desirable:

to improve the quality and the quantity of information relevant to industrial co-operation, in particular the laws and regulations, including those relating to foreign exchange, general orientation of national economic plans and programmes as well as programme priorities and economic conditions of the market; and

to disseminate as quickly as possible published documentation thereon; Will encourage all forms of exchange of information and communication of experience relevant to industrial co-operation, including through contacts between potential partners and, where appropriate, through joint commissions for economic, industrial, scientific and technical co-operation, national and joint chambers of commerce, and other suitable bodies;

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