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1 PREAMBLE THE FEDERATION OF THAI INDUSTRIES (FTI) AND THE CHINESE NATIONALASSOCIATION OF INDUSTRY AND COMMERCE (CNAIC) SHARE THE SAME OBJ-ECTIVES OF PROVIDING THEIR MEMBERS WITH A WIDE RANGE OF SERVICEIN ECONOMIC, TECHNICAL. INDUSTRIAL, AND BUSINESS MATTERS, AND B-OTH PARTIES HEREBY AGREE TO WORK IN COOPERATION TO PURSUE THE F-OLLOWING : I TO PROMOTE BILATERAL TRADE, INVESTMENT, INDUSTRIAL, AND BUSIN-ESS DEVELOPMENT, ECONOMIC AND TECHNICAL COOPERATION, INTERNAT- IONAL MARKET- ING, CULTURAL AND EDUCATIONAL INTERFLOUT, AND T- OURISM. II TO ESTABLISH AND PROVIDE A CHANNEL OF COMMUNICATION BETWEEN BUSINESS COMMUNITIES OF THE TWO COUNTRIES. III TO EXCHANGE INFORMATION REGARDING THE PROMOTION OF BILATERALECONOMIC COOPERATION AND TRADE RELATIONS. IV TO PROMOTE AND ARRANGE EXCHANGES OF VISITS BY DELEGATIONS ANDINDIVIDUAL BUSIMESSMEN OF THE TWO COUNTRIES AND TO RENDER NE- CESSARY ASSISTANCES AND COOPERATION BY THE ORGANIZATIONS IN THE HOST COUNTRIES. V TO FOSTER FRIENDSHIP AND UNDERSTANDING BETWEEN THE TWO BUSINE-SS ORGANIZATIONS AND TO ESTABLISH CLOSER COOPERATION IN ACTNI- TTES WHICH WILL ENHANCE MUTUAL GROWTH OF BUSIINESS. VI TO RECOMMEND TO RELEVANT AUTHORITIES ALL SUCH MEASURES AS WO-ULD BE BENEFICIAL, AND HELPFUL, TO INCREASE OF TRADE AND ECO- NOMIC COOPERATION BETWEEN THE TWO COUNTRIES. VII TO PROMOTE SUCH OTHER OBJECTIVES AND PURPOSES CONSISTENT WI-TH THE ABOVE MENTIONED PURPOSES AND OBJECTIVES FOR THE GENE- RAL WELFARE OF BOTH BUSINESS COMMUNITIES. IN ACCORDANCE WITH THE FOREGOING, THE FTI AND CNAIC THEREFORE E-NTER INTO A COOPERATION AGREEMENT AS SET OUT IN THE FOLLOWING :CLAUSES FIRST BOTH PARTIES AGREE TO UNDERTAKE VARIOUS STUDIES TO DETERMINE THETYPE OF ACTION AND SUPPORT WHICH MIGHT BENEFIT THEIR MEMBERS UN-DER THIS AGREEMENT. THEY FURTHER AGREE THAT THEY WILL EMPHASIZEON THE MANUFACTURING SECTORS IN THE BEGINNING. SECOND TO PURSUE THE COMMON OBJECTIVES REPRESENTATIVES OF THE TWO PARA-LLE BUSINESS ORGANIZATIONS WILL MEET JOINTLY AT A TIME AND LOCA-TION TO BE DETERMINED BY THE TWO CHAIRMEN. THE VENUE ALTERNATINGBETWEEN THE AFOREMENTIONED ORGANIZATIONS. THIRD MEETING OF THE JOINT BUSINESS ORGANIZATIONS WILL BE COCHAIRED BYTHE CHAIRMEN OF BOTH ORGANIZATIONS OR IN THEIR ABSENCE SUCH OTH-ER PERSON AS NOMINATED BY EITHER OR BOTH ORGANIZATIONS TO ACT ASCHAIRMAN. FOURTH BETWEEN MEETINGS OF THE JOINT BUSINESS ORGANIZATIONS THE TWO CH-AIRMEN MAY MEET AS REQUIRED FOR THE EFFICIENT CONDUCT OF THE TWOORGANIZATIONS. THEY MAY MEET ALTERNATIVELY IN BANGKOK AND TAIPEI OR AT SUCH OT-HER VENUE AS MAY PROVE MORE CONVENIENT. AS AGREED BETWEEN THEM,THEY MAY BE ACCOMPANIED BY OTHER OFFICE BEARERS AND/OR STAFF-OFTHEIR RESPECTIVE ORGANIZATIONS. FIFTH BOTH BUSINESS ORGANIZATIONS WILL CONDUCT THEIR AFFAIRS IN ACCOR-DANCE WITH THEIR OWN CONSTITUTION AND RULES. SIXTH THE EXPENSES OF PREPARING FOR AND OPERATING JOINT MEETINGS WILLBE THE RESPONSIBILITY OF THE HOST ORGANIZATIONS FROM REGISTRATI-ON PEES, CONTRIBUTIONS AND / OR LEVIES ; BUT IN ALL CASES DELEG-ATES TO JOINT MEETINGS WILL BE RESPONSIBLE FOR THEIR OWN TRAVELAND ACCOMMODATION EXPENSES. SEVENTH BOTH PARTIES SHALL ESTABLISH A JOINT COMMITTEE CONSISTING OF ME-MBERS FROM MAJOR BUSINESS SECTORS ON EACH SIDE TO UNDERTAKE PRO-MOTING OF ECONOMIC COOPERATION BETWEEN THE TWO COUNTRIES. EIGHTH BOTH PARTIES SHALL DO ALL THEY CAN TO ENSURE THAT THIS AGREEMENTOF COOPERATION WORKS TO THEIR MUTUAL BENEFTT; IT SHOULD BE JOIN-TLY REVISED FROM TIME TO TIME AS DEEMED APPROPRIATE. THIS AGREEMENT WAS ENTERED INTO AT BANGKOK ON THE SIXTEENTH DAY OF JANUARY 1989 BEING SIGN-ED BY [SIGNED] JEFFREY LEN SONG KOO CHAIRMAN COMMITTEE FOR INTERNATIONAAFFAIRS ON BEHALF OF CHAIRMAN THE C-HINESE NATIONAL ASSOCIAION OF INDUSTRY AND COMMERCE DATE : JANU-ARY 16, 1989 [SIGNED] PARON ISRASENA NA AYUDHAYA CHAIRMAN FEDERATION OF THAI INDUSTRIES DATE : JANUARY 16, 1989