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Memorandum N° ALA/PHI/94/29

The Commission of the European Communities, hereinafter referred to as "THE COMMISSION", acting for and on behalf of the European Community, hereinafter referred to as "THE COMMUNITY",

of the one part, and

The Government of the Republic of the Philippines, hereinafter referred to as "THE RECIPIENT",

of the other part,

HAVE AGREED AS FOLLOWS:

The Project referred to in Article 1 below shall be executed and financed out of the budget resources of THE COMMUNITY in accordance with the provisions set out in this Memorandum. The technical, legal and administrative framework within which the project referred to in Article 1 shall be implemented is set out in the General Conditions annexed to the Framework Agreement of 8 November, 1984 between THE COMMISSION and THE RECIPIENT, as supplemented by the terms of this Memorandum and the Technical and Administrative Provisions annexed hereto. Said Technical and Administrative Provisions shall be deemed an integral part of this Memorandum

ARTICLE 1 NATURE AND SUBJECT

As part of its 1993 aid programme, THE COMMUNITY shall contribute, by way of grant, towards the financing of the following project:

Project Number:	ALA/PHI/94/29
Title:	European Studies Programme (ESP)
Executing Agency:	European Studies Consortium, as described in the Technical and Administrative Provisions annexed to this Memorandum.

hereinafter referred to as "THE PROJECT".

ARTICLE 2 DESCRIPTION AND DURATION

THE PROJECT aims at promoting and strengthening European Studies within a number of high-level academic institutions and to reach out to the
Philippine business community and create an awareness of Europe as a business partner. The terms of reference of THE PROJECT are set out in the Technical and Administrative Provisions.

A Memorandum of Understanding providing for implementation arrangements will be finalised with the Executing Agency. A copy of this Memorandum of Understanding will be transmitted to THE RECIPIENT for information.

ARTICLE 3 COMMITMENT OF THE COMMUNITY

The commitment of THE COMMUNITY is fixed at 990.000 ECU (nine hundred and ninety thousand ECU), hereinafter referred to as "THE EC GRANT".

THE EC GRANT will cover teaching, training, workshops, research,
documentation, publications and administration in accordance with the Technical and Administrative Provisions.

This commitment is subject to an expiry date, after which any balance of funds remaining available under THE EC GRANT shall be automatically cancelled. THE COMMISSION may, however, depending on the circumstances, agree to an appropriate extension of this expiry date, should such an extension be requested and properly justified by THE EXECUTING AGENCY.

For the present project, the expiry date of THE EC GRANT is hereby set at 31 December, 1998 (thirty-first day of December, nineteen hundred and ninety-eight).

ARTICLE 4 ADDRESSES

Correspondence relating to the execution of the project, stating THE PROJECT'S number and title, shall be addressed to the following:

for THE COMMUNITY:

Commission of the European Communities
Directorate-General for External Economic Relations
Rue de la Loi 200
B-1049 Brussels, Belgium

Telex: 21877 COMEU B
Facsimile: (32 2) 299 02 04

for THE RECIPIENT:

National Economic and Development Authority
NEDA Sa Pasig
Amber Avenue, Pasig,
Metre Manila, Philippines.

Telex: 29058 NED PH
Facsimile: (63 2) 673 65 18

ARTICLE 5 NUMBER OF COPIES

This Memorandum is drawn up in the English language in two copies, each of which being equally valid.

ARTICLE 6 ENTRY INTO FORCE

This memorandum shall enter into force on the date when it has been signed by both parties.

The Annex shall be deemed an integral part of this memorandum.

Done at this 15 Sep 1994	Done at this day of
MANUEL MARIN GONZALEZ
(Sgd.)	(Sgd.)
THE COMMUNITY	THE RECIPIENT

ANNEX: Technicaland Administrative Provisions