The Australia-China Chamber of Commerce and Industry of New South Wales

 

 





Example of Co-operative Agreements

 


MEMORANDUM OF UNDERSTANDING

BETWEEN

THE AUSTRALIA-CHINA CHAMBER OF COMMERCE AND INDUSTRY OF NEW SOUTH WALES

AND

URUMQI MUNICIPAL PEOPLE’S GOVERNMENT OF XINJIANG UYGUR AUTONOMOUS REGION

We, the Australia-China Chamber of Commerce and Industry of New South Wales (Australian Party) and the Urumqi Municipal People’s Government (Chinese Party) pledge to co-operate in the business areas of export-import, investment/joint ventures, business information including academic research and development, commercial culture such as the performing arts, and public administration including social services.

Each party agrees to co-operate as follows:

 

1.

EXPORT-IMPORT MATTERS
By exchanging information on rural and mining commodities, manufactured products and management services.

 

2.

INVESTMENT AND JOINT VENTURES
By facilitating capital flow and technology transfer.

 

3.

BUSINESS INVORMATION INCLUDING ACADEMIC RESEARCH AND DEVELOPMENT
By establishing long-term institutional economic relations.

 

4.

COMMERCIAL CULTURE SUCH AS THE PERFORMING ARTS
By encouraging viable cultural interchange.

 

5.

PUBLIC ADMINISTRATION INCLUDING SOCIAL SERVICES
By transfer of all forms of management expertise.

 


IMPLEMENTATION OF THIS MEMORANDUM

 

6.

Each party agrees to sponsor and promote visits by business delegations for the expansion of bilateral trade and investment.

 

7.

Each individual matter of co-operation (“project”) will be documented outlining details of implementation and are subject to agreement by both parties.

 

8.

All issues of disagreement will be settled in the spirit of compromise and for mutual benefit without recourse to civil law.

 

9.

This Memorandum will remain in effect until such time that the two parties mutually decide to terminate the arrangement.

 

SIGNED on 30 March 1994

 

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AUSTRALIA-CHINA CHAMBER OF COMMERCE AND INDUSTRY OF NEW SOUTH WALES

 

 

 

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URUMQI MUNICIPAL PEOPLE’S GOVERNMENT

 


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