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The negotiations for the conclusion of a commercial, economic and development cooperation agreement between the European Economic Community and the Islamic Republic of Pakistan were completed on 17 January 1985 after three days of talks. The delegations were led by Mr. Jos Loeff, Deputy Director-General in the Directorate-General for External Relations of the European Commission and by Mr. Izhar-ul- Haque, Secretary of Commerce The new agreement builds on the achievements of the 1976 Commercial Cooperation Agreement by adding two new areas of cooperation, in the economic and development fields, as well as strengthening cooperation in the trade field. The two parties will encourage industrial cooperation between economic operators in their respective territories and the extension of bilateral investment promotion schemes. They will also facilitate contacts and exchanges of information between firms and economic institutions and promote joint research programmes in areas of common interest to both parties. The Community commits itself to take all possible measures to intensify its financial and technical support for Pakistan's development and to promote cooperation between development and financial institutions of the two parties. Finally in this area, the Community will seek further to coordinate its development activities towards Pakistan with those of its member states. In the trade field, the parties confirmed the provisions of the 1976 agreement, and, at the same time, strengthened their commitment to consult on any problem in the bilateral or multilateral sphere. A Joint Commission is established to study and promote actions to execute fully the provisions of the agreement. The two delegations will submit the results of the negotiations to their respective authorities for approval, so that the agreement can be signed at the earliest possible moment. The negotiations, whose rapid conclusion shows clearly the interest of both sides in consolidating their relationship, were concluded in afriendly atmosphere and in a spirit of mutual comprehension.