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The European Commission, 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, supplemented by the terms of this Memorandum and the Special Provisions annexed hereto.

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/93/38
Title:	EC-Philippines Packaging Centre for Development and Co-operation
Executing Agency:	Philippines Exporters Confederation, Inc. (PHILEXPORT),

hereinafter referred to as "The Project"

ARTICLE 2 COMMITMENT OF THE COMMUNITY

The commitment of THE COMMUNITY is fixed at 2,000,000 ECU (two million ECU), hereinafter referred to as "THE EC GRANT", which will contribute to the provision of a National Packaging Centre in the Philippines in accordance with Annexes I and II to this Memorandum.

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 RECIPIENT.

For the present project, the expiry date of the EC GRANT is hereby set at 31 December 1999 (thirty-first day of December, nineteen hundred and ninety-nine).

ARTICLE 3 COMMITMENT OF THE RECIPIENT

On behalf of THE RECIPIENT, the Department of Trade and Industry will supervise project implementation and will help ensure that appropriate contribution or participation is provided.

PHILEXPORT will be the executing agency for The Project and will, with the assistance of the Department of Trade and Industry, provide packaging centre premises for a total estimated cost of 400,000 ECU over the five-year period of the project. The technical assistance to be financed under the EC GRANT will commence once these premises have been provided.

PHILEXPORT will, in addition, provide the auxiliary services for initial implementation, and a related in-kind contribution to cover office space, equipment and other facilities.

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 COMEUB

Facsimile: (32 2)299 1063

for THE RECIPIENT:

National Economic and Development Authority

NEDA Sa Pasig

Amber Avenue, Pasig,

Metro 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 are 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 Annexes shall be deemed an integral part of this Memorandum.

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

ANNEXES:

Annex I Technical and Administrative Provisions

Annex II General Specification of Packaging Centre Premises

Annex III Memorandum of Understanding with PHILEXPORT