TNAG-2496-FCO40-3632-Relations-between-Hong-Kong-and-Macao-(Macau)-1992 — Page 11

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EXPLANATORY MEMORANDUM ON COMMUNITY LEGISLATION CONCERNING THE

CONCLUSION OF A FRAMEWORK COOPERATION AGREEMENT BETWEEN THE

EUROPEAN COMMUNITY AND MACAO

Submitted by the Foreign and Commonwealth Office on

May 1992

Subject Matter

1.

The proposed Decision concerns a framework commercial and economic cooperation agreement between the Community and Macao. The proposed agreement allows for commercial and economic cooperation in a wide range of fields.

2. Commercial cooperation will be based on mfn status in the

following areas:

i)

customs duties;

ii)

customs procedures;

iii)

internal market regulations.

3.

In particular the Agreement provides for cooperation in the following areast

i)

ii)

iii)

(iv)

industry;

investment protection and promotion;

science and technology;

telecommunications;

DME10515BR1CB