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Article II Commercial cooperation

Original text. Later amendments are not shown.

1.

The Contracting Parties undertake to promote the development and diversification of their reciprocal commercial exchanges to the highest possible level.

To this end, they shall, in accordance with their respective policies and objectives;

(a)

cooperate at the international level and bilaterally in the solution of commercial problems of common interest;

(b)

use their best endeavours to grant each other the widest facilities for commercial transactions in which one or the other has an interest;

(c)

take fully into account their respective interests and needs regarding access to and further processing of resources.

2.

The Contracting Parties shall use their best endeavours to discourage, in conformity with their legislation, restrictions of competition by enterprises of their respective industries, including pricing practices distorting competition.

3.

The Contracting Parties agree, upon request, to consult and review these matters in the Joint Cooperation Committee referred to in Article IV..