TNAG-2496-FCO40-3632-Relations-between-Hong-Kong-and-Macao-(Macau)-1992 — Page 140

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EEC-MACAO AGREEMENT

+3222878396 70 2320:= 6 15

CAB 11/29/92-EN

Draft negotiating directives

Nature of the agreement

1

Scope

The aim of the negotiations will be the conclusion of a trade and cooperation agreement between the European Economic Community and Macao.

2.

Structure

NO

The agreement will be non-preferential and evolutionary in nature. field of activity in which there might be cooperation and which falls within the jurisdiction of the Community must be ruled out in advance, both contracting parties being entitled to explore together, within the framework of the Joint Committee, the practical possibilities of cooperation that may be contemplated in their mutual

3. Duration

interests.

The agreement will be concluded for a period of five years, automatically renewable each year.

4. General objectives of the agreement

To develop relations between the EEC and Macao on the basis of equality and mutual benefit, notably by:

11.

stepping up and diversifying trade;

strengthening cooperation, including the promotion of investment.

Content

1. Preamble

Reference will be made:

to the desire of both parties to deepen and develop bilateral relations;

to the interest of both parties in diversifying trade and developing their cooperation

:

to the observance of human rights;