Common use of Objectives and Principles Clause in Contracts

Objectives and Principles. 1. Guided by their mutual interests and their medium- and long-term economic objectives, the Parties shall promote economic cooperation in such a way as to help to expand their economies, increase their international competitiveness, ▇▇▇▇▇▇ technical and scientific development, improve their standards of living, establish conditions conducive to job creation and job quality and diversify and strengthen economic links between them. 2. The Parties shall encourage the conferring of a regional character on any aspect of cooperation which, by virtue of its scope or economies of scale, results in what they consider to be a more rational and efficient use of available resources and a better outcome. 3. Economic cooperation between the Parties shall have as wide a basis as possible. No sector shall be excluded from the outset, and account shall be taken of the Parties' priorities, mutual interest and areas of competence. 4. In the light of the foregoing, the Parties shall cooperate in all areas which will ▇▇▇▇▇▇ economic and social links and networks between them and which will bring their economies closer together, as well as in all areas in which there is a transfer of specific know-how relating to regional integration. 5. Within the framework of such cooperation, the Parties shall promote the exchange of information on their respective economic indicators. 6. The Parties shall pay attention to protection of the environment and the ecological balance in all their cooperation activities. 7. A regard for social development, particularly the promotion of fundamental social rights, shall motivate the steps taken by the Parties in this field.

Objectives and Principles. 1. Guided by their mutual interests and their medium- medium-and long-term economic objectives, the Parties shall promote economic cooperation in such a way as to help to expand their economies, increase their international competitiveness, ▇▇▇▇▇▇ technical and scientific development, improve their standards of living, establish conditions conducive to job creation and job quality and diversify and strengthen economic links between them. 2. The Parties shall encourage the conferring of a regional character on any aspect of cooperation which, by virtue of its scope or economies of scale, results in what they consider to be a more rational and efficient use of available resources and a better outcome. 3. Economic cooperation between the Parties shall have as wide a basis as possible. No sector shall be excluded from the outset, and account shall be taken of the Parties' priorities, mutual interest and areas of competence. 4. In the light of the foregoing, the Parties shall cooperate in all areas which will ▇▇▇▇▇▇ economic and social links and networks between them and which will bring their economies closer together, as well as in all areas in which there is a transfer of specific know-how relating to regional integration. 5. Within the framework of such cooperation, the Parties shall promote the exchange of information on their respective economic indicators. 6. The Parties shall pay attention to protection of the environment and the ecological balance in all their cooperation activities. 7. A regard for social development, particularly the promotion of fundamental social rights, shall motivate the steps taken by the Parties in this field.