ARCHIVES HISTORIQUES 
DE LA COMMISSION 
 
 
 
COLLECTION RELIEE DES 
DOCUMENTS "COM" 
 
 
 
 
COM (84) 329 
 
 
 
Vol. 1984/0146 
  
 
Disclaimer  
Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the openi ng to the public of the historical archives of the European Econom ic 
Community and the European Atomic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), this f ile is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februar 198 3 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 vom 27 .9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
erforderlich, wurden die Verschlusssachen in dieser Datei in Übereinstimmung mit Artikel 5  
der genannten Verordnung freigegeben.  
COMMISSION  
OF THE
EUROPEAN COMMUNITIES
General SecretariatCOM(84) 329 final 
Brussels, 27 June 1984
FOR OFFICIAL USE ONLY
RECOMMANDATION FOR A COUNCIL DECISION
Authorizing the Commission to negotiate a Euro-Arab Agreement to promote 
and protect investments
(submitted to the Council by the Commission)
COM(84) 329 final

E X P L A N A T O R Y  M E M O R A N D U M
Since September 1981, the Working Committee on Financial 
Cooperation s e tu p  under the Euro-Arab Dialogue has met three times in 
B russels and twice in Tunis to draw up a d raft Agreement on promoting 
and mutually protecting investment. The scope of the draft is very broad, 
for it includes monetary and fin an cial a sse ts in i t s  d e fin itio n  of 
investm ent.
The Community invests in the Arab countries 
by granting loans and providing risk cap ital under fin an cial protocols 
with the Maghreb and Mashrek co u n tries, and under the Lom e Convention.
It is therefore d esirable for the Community to be a party to th 
Agreement. Commenting on the protectio n  of investment arisin g  out of the 
Community's in tern atio n al commitments, the Legal Service of the Council 
ponted out in document D E A  3/83 that the Member S tates would not be in a 
p o sitio n  to stand in for the Community by undertaking the re sp o n sib ility  
for ensuring the security of Community investm ents.
The Council is therefore requested to approve the attached 
Decision authorizing the Commission to negotiate at appropriate levels 
with a view to bringing its  investments within the purview of the 
Agreement.
It is obvious that such authorization makes no d ifference to 
the competence of the Member States to pro tect th e ir own investm ents.

RECOMMANDATION FOR A COUNCIL DECISION 
OF ..............
Au
thorizing the Commission to negotiate a Euro-Arab Agreement to promote 
and protect investments
The Council of the European Communities,
Having regard to the Treaty establishing the European Economic Community 
and in particular Article 238 thereof,
Having regard to the Recommandation'from the Commission,
Whereas an Agreement on the promotion and mutual protection of investments 
is in the process of negotiation in the framework of the Euro-Arab dialogue,
Whereas the Community participates in financial investment in Arab 
countries, under financial protocols with the Maghreb and Mashrek countries 
and under the Lomé Convention; whereas it is desirable that these invest­
ments should be protected under the terms of the aforesaid Agreement; 
whereas the Community ought therefore to participate in the negotiations 
with a view to becoming a party to the aforesaid Agreement,
Has decided as follows :
Sole Article
The Commission is hereby authorized to represent the Community at 
negotiations to conclude the Euro-Arab Agreement on mutual promotion and 
protection of investments, in order that its own investment may be 
protected under the terms of that Agreement.
Done at Brussels 
For the Council 
The President