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February 03, 1983

The Government of the Republic of the Philippines and the Government of the Republic of Korea (hereinafter referred to as the Contracting Parties);

Bearing in mind the friendly and cooperative relations existing between the two countries and their peoples;

Being desirous of further strengthening these relations on the basis of sovereign equality; desiring to promote economic and technical cooperation "between the two countries on equitable and mutually beneficial basis;

Have agreed as follows:

ARTICLE I

The Contracting Parties shall, in accordance with their respective laws, rules and regulations, promote economic and technical cooperation between the two countries in fields suitable to their economic and developmental needs and objectives. The economic and technical cooperation referred to above shall cover any of the fields mutually agreed upon between the Contracting Parties including those listed in the Schedule to this Agreement.

ARTICLE II

1. The Contracting Parties shall explore effective methods of technical cooperation which may be conducive to the furtherance of the purpose of this Agreement and endeavor to encourage, facilitate and promote technical cooperation as follows:

a. Exchange of personnel for training at various technical Institutions and establishments,

b. Services of experts as consultants or advisors,

c. Exchange of researchers, technicians and specialists,

d. Exchange of technical and economic information,

e. Various contacts between institutions of the respective Contracting Parties,

f. The provision of technical equipment during the period of implementation of the projects,

g. Convening of joint seminars and meetings, and

h. Any other forms of economic and technical cooperation as may be mutually agreed.

2. Exchange of technicians and experts between the Contracting Parties shall be effected in conformity with the objectives and principles of this Agreement, subject to the laws, rules and regulations of each Contracting Party.

3. Each Contracting Party shall endeavor to take all practical measures to facilitate activities of the experts and other personnel, mentioned in paragraph 1 of this Article, of the other Contracting Party and assist them in obtaining such services and facilities as may be required to carry out their missions.

ARTICLE III

For the purposes of facilitating the implementation of this Agreement, the Contracting Parties shall agree to negotiate directly, or through duly empowered entities, Agreements and Protocols on specific fields which may include forms of cooperation subject to the laws, rules and regulations of the respective Contracting Parties.

ARTICLE IV

The Contracting Parties shall consult each other at the request of either of them on all matters concerning the implementation and review of this Agreement.

ARTICLE V

1. This Agreement shall enter into force on the date of the exchange of instruments of ratification. It shall remain in force for one year and shall continue in force thereafter for successive periods of one year each unless terminated by either Contracting Party by giving notification of such termination three months in advance.

2. This Agreement may be revised by mutual consent. At anytime the Agreement is in force, either Contracting Party may propose in writing amendments thereto and to which the other Contracting Party will reply within 120 days upon receipt of such notice. Any revision or termination of the Agreement shall be without prejudice to any right or obligation accruing or incurred under the Agreement prior to the effective date of such revision or termination.

IN WITNESS WHEREOF the undersigned, being duly authorized by their respective Governments, have signed the present Agreement.

Done at Manila, Republic of the Philippines, on the 3rd of February 1983 in English, in two original copies, both texts being equally authentic.

               

(Sgd.) CARLOS P. ROMULO	(Sgd.)
FOR THE GOVERNMENT OF   THE REPUBLIC OF THE   PHILIPPINES	FOR THE GOVERNMENT OF   THE REPUBLIC OF KOREA