TNAG-2496-FCO40-3632-Relations-between-Hong-Kong-and-Macao-(Macau)-1992 — Page 67

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REPER PORT CEE BYL

@ PAC.86

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AGREEMENT

for trade and cooperation

botween the European Economic Community and Macao

THE COUNCIL OF THE EUROPEAN COMMUNITIES,

and

THE GOVERNMENT OF MACAO,

CONSIDERING that the European Economic Community, hereinafter referred to as the "Community" and Macao wish to develop, extend and deepen economic and trade relations between them,

CONSIDERING that it would be timely to reinforce existing links between the parties by means of gooperation between Macao and the Community in matters of mutual interest,

REAFFIRMING the importance they attach to democratic values and to respecting human rights.

DECLARING that the basic alm of this Agreement shall be to consolidate, intensify and diversify relations between the Parties, to the benefit of both.

DESIROUS of stepping up and diversifying trade and actively developing cooperation in an evolutionary and pragmatic manner.

CONVINCED of the importance of the rules and principles of the General Agreement on Tariffs and Trade (GATT) for the purposes of open and continually expanding international trade, and reaffirming their commitments under that Agreement,