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1. vestment ventures, inter alia, and shall include the following:

1.1 Exchange of professionals, scientists, experts and technicians for study, for observation missions, and training;

1.2 Exchange of scientific, technical and market information on agriculture and related fields and its products, in the English language;

1.3 Collaborative studies on mutually agreed specific areas of cooperation;

1.4 Exchange of experiences on national food security policies;

1.5 Organization of workshops, symposia, training courses and exhibitions on subjects of mutual interests;

1.6 Conduct of market facilitation activities including agricultural products trade fairs and special exhibitions;

1.7 Implementation of joint venture projects in agribusiness; and

1.8 Exchange of genetic resources of plants, animals and micro-germplasms, in accordance with the national policies of both Contracting Parties.

2. The Contracting Parties shall encourage the involvement of concerned agencies, the academe, scientific and business communities, both in the public and private sectors of both countries to generate broad interest and increased activities.

3. To promote agricultural trade, the Contracting Parties shall endeavor to create favorable conditions for import and export of important products, especially rice and fertilizers, including counter-trade arrangements, without prejudice to their respective commitments under existing bilateral and multilateral arrangements.

4. The Contracting Parties shall endeavor to advocate a favorable agribusiness condition and goodwill to their respective business peoples, in order to encourage and facilitate direct contacts between their respective private sectors and/or business communities.

1. Exchange of visit delegation: The sending country shall be, in principle, responsible for all costs related to the whole visit program unless the receiving country offers to provide some logistics like local transport, food, accommodation, and guide services to the members of the visiting delegation for the duration of the official mission.

2. Exchange of materials and documents: The requesting Party shall shoulder the costs of postage and freight of materials/documents being requested unless the sending country agrees to cover such costs.

3. The Contracting Parties shall each endeavor to provide the necessary assistance to professionals, scientists, experts, technicians, trainees and businessmen sent by the other Contracting Party under this Memorandum to accomplish their mission. The laws and regulations in force in the host country shall be strictly observed by visiting missions from the sending party.

4. The foregoing provision shall not limit the right of either of the Contracting Parties to adopt or execute measures necessary to uphold public health, morals, public order or security.

1. To ensure the implementation of this Memorandum and to facilitate cooperation, the Contracting Parties shall establish a Joint Committee composed of an equal number of representatives from both sides as may be agreed upon through diplomatic channels. The lead coordinating agencies shall be, as follows:

For the Republic of the Philippines: the Department of Agriculture; and

For the Socialist Republic of Vietnam: the Ministry of Agriculture and Rural and Development; an

2. The Joint Committee shall formulate and submit policy recommendations with a view of promoting the development of agriculture and related fields of both countries. It shall also be responsible for planning, implementing, monitoring and evaluating projects identified under this Memorandum;

3. As may be necessary, the Joint Committee may create "Working Group(s)" for specific areas. For this purpose, the Joint Committee shall determine the procedure and other guidelines to be followed by the "Working Group(s)" to ensure efficiency.

4. A liaison secretary from both sides shall be designated in order to coordinate with concerned agencies and deal with daily and routine work of the Joint Committee and any Working Group thus established.

5. The Joint Committee shall meet every two years alternately in the Philippines and Vietnam, with a representative from the host country as chairman of the meeting. Whenever necessary, an interim meeting may be held subject to agreement between the Parties, through diplomatic channels.

6. The agenda of the meeting will include the drafting of the working plans and a review of the progress of the implementation of projects undertaken under this Memorandum.