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2004/635/EC: Council Decision of 21 April 2004 concerning… TITLE VII — FINANCIAL COOPERATION

Article 72–Article 73 · 2 articles

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Article 72

In order to achieve the objectives of this Agreement, a financial cooperation package shall be made available to Egypt in accordance with the appropriate procedures and the financial resources required. Financial cooperation shall focus on: — promoting reforms designed to modernise the economy, — upgrading economic infrastructure, — promoting private investment and job-creating activities, — responding to the economic repercussions for Egypt of the gradual introduction of a free trade area, notably by upgrading and restructuring industry and enhancing Egypt's export capacity, — accompanying measures for policies implemented in the social sector, — promoting Egypt's capacity and capabilities in the field of the protection of intellectual property rights, — where appropriate, supplementary measures for the implementation of bilateral agreements to prevent and control illegal immigration, — accompanying measures for the establishment and implementation of competition legislation.

Article 73

In order to ensure that a coordinated approach is adopted to any exceptional macro-economic and financial problems that might arise as a result of the implementation of this Agreement, the Parties shall use the regular economic dialogue provided for in Title V to give particular attention to monitoring trade and financial trends in relations between the Community and Egypt.

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