TNAG-2496-FCO40-3632-Relations-between-Hong-Kong-and-Macao-(Macau)-1992 — Page 13

of Rome.

(ii)

Cooperation/Consultation Procedure

The European Parliament is being consulted under the provisions of Article 235.

(iii) Voting Procedure

The Council is required to act by unanimity under Article 235

EEC.

Policy Implications

8.

The Government welcome closer targetting of cooperation

ties between the Community and Macao. The proposed agreement will establish an effective framework for the conduct of the Community's trade and cooperation relations with Macao. government therefore support this proposal.

Financial Implications

9.

The

Activity under the Agreement will be funded from within existing budgetary provisions.

Timetable

10. The Council authorised the Commission to open negotiations with Macao by a decision of 28 April 1992. The agreement was initialled on 12 May. The Presidency propose that the agreement be signed in the margins of the June Foreign Affairs

Council.

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