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Economic and Technical Co-operation Agreement between the Government of Canada and the Government of the Kingdom of Saudi Arabia [1988] CATSer 30 (12 November 1988)

E101211 - CTS 1988 No. 21

ECONO­MIC AND TECHNICAL CO-OPERATION AGREEMENT BETWEEN THE GOVERNMENT OF CANADA AND THE GOVERNMENT OF THE KINGDOM OF SAUDI ARABIA

The GOVERNMENT OF CANADA and the GOVERNMENT OF THE KINGDOM OF SAUDI ARABIA hereinafter referred to as the Contracting Parties,

DESIRING to enhance their existing friendly relations, and,

RECOGNIZING the mutual benefits accruing from expanding trade, economic and technical co-operation in accordance with the regulations and laws prevailing in their respective countries,

HAVE AGREED to the following:

ARTICLE 1

The Contracting Parties shall endeavour to promote and consolidate trade, economic, and technical co-operation between their two countries in a spirit of mutual understanding.

ARTICLE 2

The fields of co-operation mentioned in this Agreement include as examples, but are not limited to, the following items:

(a) encouragement of the establishment of agricultural, animal, mineral and mining, transportation, communications, industrial and technical development projects between the Contracting Parties;

(b) encouragement of the exchange of information and enhancement of scientific and technological research;

(c) encouragement of the exchange of various goods and products between them; and

(d) encouragement of the exchange and training of technical staff required for specific co-operative programmes. This includes, but is not restricted to, graduate and post-graduate university studies in Canada, curriculum development for Saudi institutions and technical training for individual teachers.

ARTICLE 3

The Contracting Parties shall make their best efforts to promote the expansion and diversification of their trade exchanges. To this end, and within the confines of the international trading system, the two Contracting Parties shall work together toward the liberalization of trade exchanged between their respective countries. They shall, therefore, extend to trade originating in their respective countries most favoured nation rates of duty. Further liberalization of trade between the two Contracting Parties shall be considered and recommended by the Joint Economic Commission.

ARTICLE 4

The Contracting Parties shall use their best endeavours to promote co-operation in education and training between the two countries. This co-operation may include, inter alia:

(a) arrangements between Canadian and Saudi Arabian organizations, including educational institutions, Ministries of Government and the private sectors of each country for co-operation in the exchange of personnel, information and research;

(b) education and training of citizens of Saudi Arabia at Canadian universities, colleges, Ministries of Government and private sector organizations as required; and

(c) employment by Saudi Arabian organizations of Canadian educational and consulting expertise drawn from appropriate Canadian entities.

ARTICLE 5

The Contracting Parties shall encourage economic and technical co-operation between the citizens of each country including legal entities and the establishment of joint ventures and companies in different spheres of activity.

ARTICLE 6

The Contracting Parties shall encourage investment and the flow of capital between their respective countries.

ARTICLE 7

The Contracting Parties shall initiate and facilitate the exchange of visits between them by trade, economic and technical representatives, delegations and envoys of the Ministries and private sectors of each country and the setting up of temporary exhibitions for the consolidation of their economic and technical co­-operation.

ARTICLE 8

The Contracting Parties shall establish a Joint Economic Commission to meet alternately in each country, at the request of either Party, for consultation on the measures and means to be adopted for the consolidation and promotion of trade, economic and technical co-operation between them. To provide for avenues of continued consultation in the period of time between meetings of the full Joint Economic Commission, sub-committees established by the Commission may meet on a regular basis as required to further the objectives of this Agreement and report the result of such consultation to the next meeting of the Commission.

ARTICLE 9

(a) This Agreement shall enter into force as of the date of the exchange of instruments of ratification according to the regulations in use in each country.

(b) The duration of this Agreement is for three years commencing on the date it enters into force and shall be automatically renewed for consecutive periods of one year unless either of the Contracting Parties gives notice six months before expiration of the Agreement of its intention not to renew.

(c) Upon the expiry of this Agreement contracts still under execution and signed when this Agreement was still in force or payments due in accordance with such contracts shall be governed by this Agreement.

SIGNED in Hull on 12 Sofar 1408 AH, corresponding to October 5th 1987 AD in duplicate in English, French and Arabic, all texts being equally authoritative.

Joe Clark

FOR THE GOVERNMENT OF CANADA

Saud Al Faisal

FOR THE GOVERNMENT OF THE KINGDOM OF SAUDI ARABIA