TNAG-2496-FCO40-3632-Relations-between-Hong-Kong-and-Macao-(Macau)-1992 — Page 150

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setting up a wider framework for more intensive economic co-operation in

the fields considered essential to economic progress;

economic co-operation through increased investment flows and technology transfers in response to Brazil's specific needs.

B. CONTENT OF THE AGREEMENT

The preamble will make explicit reference to the following:

the traditional links of friendship between the two parties;

the desire to strengthen co-operation with the countries of Latin America in line with the policies adopted by the Council in February 1991 and in

particular:

=

to

increase existing co-operation to a level consonant with the needs and

intentions of the two parties;

to develop and diversify both trade relations and proper economic

co-operation;

the need to support the process of Latin American integration, in particular MERCOSUL, but also the Amazon Co-operation Treaty (ACT) and the dialogue established with the Rio Group by the Rome Declaration of 20 December 1990; the process of modernization and reform in Brazil, and the opening up and

liberalization of Brazilian trade;

the importance of GATT principles and of international trade, as well as respect for intellectual property rights and freedom of investment;

the need for controlled and directed economic development;

the importance attached by both parties to greater protection for the

environment;

5181/92 (ANNEX I)

EN

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