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Agreement On Trade And Economic Cooperation

by Renkema

Without prejudice to the relevant provisions of the treaties establishing the European Communities, this agreement and all measures taken under this agreement do not in any way affect the power of a Member State of the Communities to undertake bilateral activities with the People`s Republic of China in the area of economic cooperation and, if necessary, to conclude new economic cooperation agreements with the People`s Republic of China. to monitor and review the functioning of this agreement and to review the various cooperation programmes implemented; 1. The People`s Republic of China is in favour of imports from the European Economic Community. To this end, the relevant Chinese authorities will ensure that Community exporters have the opportunity to participate fully in trade with China. The United States and Brazil today announced the signing of a Framework Agreement on Cooperation on the Peaceful Use of Outer Space, which reaffirms the two nations` commitment to cooperation in the use and exploration of space for peaceful purposes. The agreement promotes and facilitates cooperation between the two governments by enabling the implementation of specific cooperation projects through related implementation agreements. On 19 October 2020, the United States and Brazil, on the basis of equality and mutual benefit, intensification and diversification of their trade and the active development of economic and technical cooperation, in accordance with their mutual interests, agreed on an updated protocol for the 2011 Trade and Economic Cooperation Agreement (ATEC) containing three new annexes Customs management and trade facilitation, good regulatory practices and anti-corruption. U.S. Trade Representative Robert Lighthizer said the protocol “uses the existing ATEC to establish common standards for both countries in terms of effective customs procedures, transparent regulatory development and robust anti-corruption policy, which will provide a solid basis for closer economic relations between our two countries.” In a joint statement, the representatives of the two countries agreed that “these provisions demonstrate the mutual commitment of countries to the fundamental elements necessary for a fair upheaval of trade – the publication of information that allows stakeholders to express themselves on the rules, to establish transparent and effective processes at the border and to be vigilant against corruption.” 3.