The Contracting Parties undertake, on the principles of reciprocity and mutual benefit, to promote their cooperation in the economic field with a view to developing their respective countries.
The Contracting Parties shall facilitate the intensification of relations in the field of industry, trade, agriculture, maritime affairs, transport and other services between their respective countries to the highest possible extent.
They shall, within the framework of and subject to their national legislation, further cooperation between companies, associations, and other organisations of any kind or subsidiary bodies thereof, connected with their economies, and all their other nationals engaged in economic activities, in order to develop their resources. In particular, they shall promote, with regard to industry, trade, agriculture, maritime affairs, transport and other services, cooperation in:
the establishment of new enterprises or the extension of existing ones;
the rendering of assistance to or participation in the management of enterprises;
the introduction of new production techniques and the improvement of existing ones;
the exploration for and the exploitation of natural resources;
the supply of know-how and the collaboration in the technical field;
the appointment of agents and/or representatives;
and in any other appropriate way.
With regard to the form of cooperation in the activities referred to in the preceding paragraph, the Contracting Parties, without excluding any other form, recognize the importance of joint ventures in which nationals of both States take part.