PROJECTS AND ACTIVITIES. 1. Projects and Linkages Stream activities to be conducted under the AAECP will focus on enhancement of trade and investment opportunities between ASEAN and Australia, with science and technology and HRD as common coordinating themes of the program. 2. The process of identifying, developing and submitting projects and activities under the AAECP will conform with both the ASEAN and AIDAB procedures and machinery. 3. The AAECP Projects Stream will be limited to the implementation of six large projects in order to provide cost-effective use of funds. The commercial potential of proposed projects will be maximised. 4. The implementation of each approved project under the AAECP Phase III Projects Stream will be initiated by an Exchange of Notes between the ASEAN Country Coordinator and the Australian Government.
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Sources: Memorandum of Understanding, Memorandum of Understanding