TNAG-2496-FCO40-3632-Relations-between-Hong-Kong-and-Macao-(Macau)-1992 — Page 68

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HAVE AGREED AS FOLLOWS:

Article 1

BASIS FOR COOPERATION

The two parties undertake to strengthen their relations and resolve to promote cooperation between them, taking account of Macao's spacial situation and of its level of development.

Cooperation between the Community and Macao and the implementation of this Agreement are based on respect for the democratic principles and human rights which inspire the policies of both the Community and Macao.

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TRADE COOPERATION

Article 2

1 The Contracting Parties reaffirm their reciprocal commitments under the

terms of the General Agreement on Tariffs and Trade, and shall accord each other most-favoured-nation treatment in all trade matters regarding:

(ક)

(b)

customs duties and charges of any kind imposed on or in connection with Imports exports, re-exports or transit of goods, including the method of levying such duties and charges,

methods of payment and the transfer of such payments;