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1. The two Contracting Parties shall, within the framework of their laws and regulations and taking into account their international obligations, do their utmost to develop and strengthen, on a mutually advantageous basis, economic and technological cooperation between their two countries.
2. The Contracting Parties shall in particular encourage and promote economic and technological cooperation between:
a) nationals of the respective States;
b) nationals of the one State and the other State or its constituent sub-divisions or agencies.
3. The cooperation which the Contracting Parties undertake to encourage according to paragraph (1) shall in particular include the establishment of projects and enterprises. Such cooperation may be undertaken through equity participation, loan finance, joint ventures or otherwise.