5. The participating States recognize that, within their respective economies, increased autonomy for enterprises can help achieve a better response to market needs and thus contribute to the development of trade and co-operation among them.
6. In order to facilitate the identification of market opportunities, the participating States will further promote the publication and availability of comprehensive, comparable and timely economic and commercial information. They will publish up-to-date macroeconomic information and statistics, and envisage making balance of payment figures available. They will also provide the United Nations trade databank, COMTRADE, with detailed data in a format relevant to the efficient conduct of foreign trade. They will encourage co-operation between their statistical services and within the framework of the ECE in order, inter alia, to facilitate the identification of disparities in foreign trade statistics and to improve the international comparability of such statistics. Furthermore, they consider it useful to increase the publication and exchange of statistics on such topics as demography, public health, agriculture, the environment and energy.
7. Noting the growing importance of services in their mutual economic relations, the participating States will examine, in appropriate bodies, developments in this area and prospects for improved access to the services market.
8. Affirming the importance of industrial co-operation in their long-term economic relations, the participating States will promote measures designed to create favourable conditions for the development of such co-operation. They will therefore examine, within the competent fora, the improvement of the legal, administrative and economic framework for industrial co-operation. Furthermore, they will encourage contacts between potential partners, develop exchange of appropriate information and promote the participation of small and medium-sized enterprises in industrial co-operation.
9. The participating States recognize that productive, competitive and profit-earning joint ventures can play a role in mutually beneficial industrial co-operation. They will improve the legal, administrative and financial conditions for investment in, and operation of, joint ventures. They will also promote the exchange of all information relevant to the establishment of joint ventures, including all necessary technical information, as well as information on management, labour conditions, accounting and taxation, repatriation of profits and the protection of investments, production conditions and access to domestic supplies and markets.
10.
The participating States stress the importance of their standardization policies and practices, and of related activities, for the facilitation of international trade, especially regarding products subject to compulsory certification. Accordingly, they will consider mutual recognition of their national testing and certification procedures and practices, and promote co-operation among relevant national bodies and within international organizations including the ECE.
11. The participating States recognize the growing importance of effective marketing in the development of trade and industrial co-operation, in the production and promotion of new products and in meeting the needs of the consumer. Given the growth of marketing opportunities, they will seek to improve the conditions for firms and organizations engaging in research into domestic or foreign markets and in other marketing activities.
12. The participating States affirm the usefulness for all enterprises, and especially for small and medium-sized ones, of flexible and mutually agreed arbitration provisions for ensuring the equitable settlement of disputes in international trade and industrial co-operation. Bearing in mind the relevant provisions of the Final Act and the Madrid Concluding Document, they attach particular importance to freedom in the choice of arbitrators, including the presiding arbitrator, and of the country of arbitration. They recommend that consideration be given to the adoption of the Model Law on international commercial arbitration of the United Nations Commission on International Trade Law (UNCITRAL). In addition, they recognize the value of agreements on co-operation in the field of commercial arbitration between Chambers of Commerce and other arbitration bodies.
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