TNAG-2496-FCO40-3632-Relations-between-Hong-Kong-and-Macao-(Macau)-1992 — Page 35

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7

of

that end, within the limits of their responsibilities, the Contracting Parties shall encourage projects and operations promoting cooperation

as Joint between firms, such

ventures,

transfers subcontracting, technology, licences, applied research and franchises, notably by

existing networks for consolidating

the promotion of industry and

Investment, such as ECIP

and BC-Net.

Article 9

Investment

The

90

far as

their

powers,

rules

and

Contracting Parties agree, regulations and policies permit:

1

to promote an increase in mutually beneficial investment; to examine the possibility of setting up operations and mechanisms to Improve the climate for such investment. In keeping with the guidelines of paragraph 38 of the Rome Declaration on relations between the European Economic Community and Its Member States and the countries of the Rio Group.

Article 10

Science and technology

1. In accordance with their mutual interest and the aims of their policies on sclence, the Contracting Partles undertake to promote cooperation in science and technology aimed in particular at:

establishing greater links between their scientific and technological communities:

encouraging exchanges of researchers;

- promoting mutually beneficial transfers of technology;

2.

fostering relations between research centres on both sides;

stimulating innovation;

setting out relations between the centres of cooperation in the fields concerned.

The extent of cooperation shall be determined by the desires of the Parties, which shall jointly select priority areas.

3. With the aim of attaining the aims set, the Contracting Parties shall promote and stimulate activities including the following: training of high-calibre staff, joint research projects and the Interchange of scientific Information through seminars, workshops, congresses and working meetings between the scientific communities of both Parties. Such activities may be conducted among institutions, bodies and undertakings in the public or private sectors.

1 Draft of declaration in the procès-verbal

Since Brazil has informed the Community that the Brazilian authorities, on the basis of a government initiative in line with its policy for the modernization of the national economy and the stimulation of economic activity, are currently discussing legislation regarding forthcoming agreements for the promotion and protection of foreign investment in Brazil, the Parties agree to resume dialogue on this issue as soon as possible, making use of the opportunities provided by Article 35 (further developments clause).