1. Member States shall inform the Commission and the other Member States: - of agreements relating to economic and industrial cooperation - hereinafter referred to as cooperation agreements - which they propose to negotiate or renew with third countries;
- of commitments and measures which are proposed by the authorities of the Member States concerned as part of cooperation agreements and which may affect the common policies, and in particular of those which may affect trade ; this exchange of information shall be carried out where appropriate before examination of these commitments and measures within the inter-governmental or joint committees set up by these agreements.
2. Member States shall forward to the Commission and to the other Member States the texts of cooperation agreements initialled with third countries.
They Shall inform the Commission and the other Member States if their authorities assume or adopt under cooperation agreements any such commitments or measures as are referred to in paragraph 1.