TNAG-2496-FCO40-3632-Relations-between-Hong-Kong-and-Macao-(Macau)-1992 — Page 100

Policy Implications

4. The Government welcomes closer cooperation between the Community and the countries of Latin America, and supports 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 after one negotiating session, 13-14 April 1992. It is proposed that the agreement be formally signed on 15

June.

Tristan Garel-Jones

DMEI0514BRCB