제16249호                            관                  보                   2006. 5. 8. (월요일)

 AGREEMENT FOR THE ESTABLISHMENT                    5. To exchange views and information on
         OF A CONSULTATION AND                          measures to facilitate access to their
  COOPERATION MECHANISM BETWEEN                         respective markets;
        THE GOVERNMENT OF THE                       6. To foster entrepreneurial, scientific,
      REPUBLIC OF KOREA AND THE                         technological and personnel exchange;
   CARIBBEAN COMMUNITY (CARICOM)                        7. To foster the use of information and
  The Government of the Republic of Korea,              communication technology for development
on the one part, and the Caribbean                      in the Community
Community, on the other part (hereinafter           8. To make recommendations to the respective
referred to as“the Parties”)                            Governments of the Parties on necessary
  Wishing to strengthen the ties of friendship          measures to enhance bilateral cooperation.
and the spirit of cooperation existing between                            Article III
the Parties;                                                                Meetings
  Recognisingthe desirability to deepen and             The Parties shall hold meetings of the
diversify the cooperation relations between         Mechanism at the level of senior officials at
the Parties ;                                       least      once    every    two     years,and   the
  Convinced of the importance of boosting           composition of the delegation to the meetings
bilateral cooperation in the fields of political    shall be determined by each Party.
consultation, and economic, trade, technological        The meetings shall take place, in an
and cultural exchange ;                             alternate manner, in the Republic of Korea
  HAVE AGREED as follows:                           and in one of the member countries of the
                    Article I                       Caribbean Community on the dates and with
                    Purpose                         the agenda agreed upon through diplomatic
  The Parties shall establish a Consultation        channels. If necessary, meetings of the
and Cooperation Mechanism (hereinafter              Mechanism may be held in a third country.
referred to as“the Mechanism”) to facilitate                              Article IV
consultation and cooperation between the                                     Costs
Parties infields of mutual interest.                    The Parties shall bear their respective
                   Article II                       transport, accommodation, and other costs
                  Objectives                        related to the meetings of the Mechanism.
  The Mechanism between the Parties shall                                   Article V
have, inter alia, the following objective s:                          Dispute Settlement
1. To deepen the level of mutual understanding ;        Any difference between the Parties
2. To strengthen consultations concerning           concerning        the    interpretation    and/or
  bilateral, regional, and international issues     implementation of this Agreement shall be
  of mutual interest;                               settled amicably through consultations
3. To promote the expansion and diversification     between the Parties.
  of trade and investment flows ;                                         Article VI
4. To promote investment and tourism                      Validity, Termination and Amendment

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