Memorandum of Understanding - International Business Chamber ...

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Memorandum of Understanding
Swiss-Asian
Chamber of Commerce
Wiesenstrasse 10
P.O. Box 1073
CH-8032 Zurich - Switzerland
International Business Chamber of Cambodia
#56, Sothearos (St.3)
Phnom Penh, Cambodia
This letter will confirm the understanding between IBC and SACC regarding
the proposed cooperation
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Being desirous of strengthening trade, investment, technology cooperation relations between
the Kingdom of Cambodia and Switzerland, the Business Chamber of Cambodia (IBC) and
the Swiss-Asian Chamber of Commerce (SACC), here-in-after referred to as the parties,
have entered into an Agreement of Cooperation, as follows:
OBJECTIVES
1. The parties shall cooperate and do their utmost to further improve and expand trade,
investment, technology cooperation relations between Cambodia and Switzerland.
2. The parties shall regularly exchange information and review on expansion of trade,
investment, technology between the two countries. To achieve this objective, it is
mutually agreed that each contracting party shall supply the other with appropriate
updated information and publications.
3. Every possible facility and assistance shall be accorded to business trade missions from
visiting Cambodia and Switzerland and vice versa. Letters of introduction from one party
to the other shall be mutually honoured.
4. The parties agree to support and encourage exchange of trade, investment, technology,
as well as delegations and missions of businesspeople who wish to visit and do business
with Cambodia and Switzerland.
5. The parties shall take all necessary steps to ensure that this Agreement works to their
mutual benefits, and that it is jointly reviewed occasionally on the written request from
either party.
PERIOD OF COOPERATION .
6. The Agreement shall come into force as from the date of its signing until mutually revised
by both parties.
All notices, requests, consents and other communications required or permitted hereunder
shall be in writing and shall be transmitted via fax, e-mail or by certified and registered
airmail.
Done in duplicate and signed in Zurich, Switzerland, on November, 2i , 2009.
~L-
;/~
Martin R
Barbara
President
Mockli-Schneider
Chairwoman Cambodia
Laos and Myanmar Committee