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View Treaty - General Data

GENERAL DATA
Type of Agreement
Bilateral
Official Title
Cooperation Agreement between the European Community and the Lao People's Democratic Republic
Place of Signature
Luxembourg
Date of Signature
29/04/1997
Date of Entry Into Force
01/12/1997
Duration
Indefinite
Objective of Agreement
The main objective of this Agreement is to provide a framework for enhancing cooperation between the Parties, within their respective areas of jurisdiction, with the following aims:

(a) to accord each other most-favoured-nation treatment on trade in goods in all areas specifically covered by the Agreement, save as regards advantages accorded by either Party within the context of customs unions or free trade areas, trade arrangements with neighbouring countries or specific obligations under international commodity agreements;
(b) to promote and intensify trade between the Parties, and to encourage the steady expansion of sustainable economic cooperation, in accordance with the principles of equality and mutual advantage;
(c) to strengthen cooperation in fields closely related to economic progress and benefiting both Parties;
(d) to develop lasting trade relations and diversify trade between the Community and the Lao PDR, to achieve a lasting opening-up of markets to a degree which is compatible with the Parties' economic situations and the assistance which the Lao PDR will need in the light of its application to join the World Trade Organization;
(e) to contribute to the Lao PDR's efforts to improve the quality of life and standards of living of the poorest sections of its population, together with measures using rural development to combat poverty in the countryside and assistance with achieving the transition to a market economy and developing human resources in a number of sectors of the economy;
(f) to encourage job creation in both the Community and the Lao PDR, with priority being accorded to programmes and operations which could have a favourable effect in this respect. The Parties shall also exchange views and information on their respective initiatives in this field, step up and diversify their economic links and establish conditions conducive to job creation;
(g) to take the requisite measures to protect and conserve the world, regional, national and local environments and manage natural resources sustainably, taking account of the link between the environment and development.
Remarks
"Third generation" framework agreement. The basis for cooperation, which is very comprehensive and extends to all fields permitted by the relevant legal bases, is respect for democratic principles and fundamental human rights (Article 1). Contains two annexes which form an integral part of the Agreement (Article 20) and a joint declaration. Note the non-execution clause (Article 19), the clause on drug precursors etc (Article 11) which serves as an ad hoc agreement on the matter, the future developments clause (Article 15) in the form of a "pactum ad contrahendum" and the possibility of autonomous measures based on experience gained.
OJ Number
L334
OJ Date
05/12/1997
OJ Page
15
Parties to the Agreement
European Community
Laos
Authentic Texts
Danish
Italian
Swedish
Portuguese
German
French
Dutch
English
Finnish
Spanish
Lao
Greek
Subject Matters
7226.2838-Asia
755-External Relations
Clause(s)
Management
Joint Committee (Article 14)