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1 The Moscow-Taipei Economic and Cultural Coordination Commission and the Taipei-Moscow Economic and Cultural Coordination Commis-sion (hereafter referred to as "the Contracting Parties"), desi-ring to strengthen and develop cooperation in the field of smalland medium business, have agreed as follows. Article 1 In accordance with their current laws well as their financial a-nd human resources, the Contracting Parties shall promote bilat-eral cooperation with the aim to support and develop small and medium enterprises (hereafter referred to as SMEs) in the follo-wing major fields: 1) exchanging of information concerning SME development experie-nce, goverment support system, relevant legislation, potenti- al markets and opportunities for SMEs; 2) organization of bilateral seminars? Workshops or meetings to discuss practical SME issues for the purpose of sharing expe- riences; 3) promotion of SME cooperation between the Contracting Parties by establishing joint ventures, technical cooperation and ot- her kinds of ties; 4) organization of various training programs to develop the pro-fessional expertise in the fields of SME human resources, in- ternational marketing etc.; 5) development of financial/investment and other support progra-ms for the enhancement of SME development; 6) Building of a mechanism for business match-making to identifypotential partners. Article 2 The Contracting Parties will resolve all issues pertaining to t-he cooperation in the field of SMEs through their respective re-presentative offices in Taipei and Moscow. Article 3 This Memorandum of Understanding shall enter into force on the date of its signature and remain valid for a period of three ye-ars. It shall be automatically extended for another three years,if neither Party serves a written notice six months in advance of its termination. The termination of or amendment to this Memorandum of Understan-ding shall have no effect on the obligations already fulfilled. Any amendment to this Memorandum of Understanding agreed upon bythe Contracting Parties shall be effected by an Exchange of Let-ters between them. IN WITNESS WHEREOF, the undersigned, being duly authorized, havesigned the Memorandum of Understanding. Done in duplicate in Moscow, in the English, Russian and Chineselanguages, all three texts being equally authentic, this 19 day of september, 2002. In case of any divergence of interpretation,the English text shall prevail. FOR THE MOSCOW-TAIPEI FOR THE TAIPEI-MOSCOW ECONOMIC AND CULTURAL ECONOMIC AND CULTURAL COORDINATION COMMISSION COORDINATION COMMISSION O.I.LOBOV LAN CHIH-MIN MTC CHAIRMANTMC CHAIRMAN