| CONTACT: |
| Supreme Court of the Philippines Library Services, Padre Faura, Ermita, Manila, Philippines 1000 |
| (632) 8524-2706 |
| libraryservices.sc@judiciary.gov.ph |
February 18, 1982
AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES AND THE GOVERNMENT OF THE FEDERAL REPUBLIC OF GERMANY CONCERNING FINANCIAL CO-OPERATION
THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES AND THE GOVERNMENT OF THE FEDERAL REPUBLIC OF GERMANY,
in the spirit of the friendly relations existing between the Republic of the Philippines and the Federal Republic of Germany,
desiring to strengthen and intensify chose friendly relations through financial co-operation in a spirit of partnership,
aware that the maintenance of those relations constitutes the basis of this Agreement,
intending to contribute to social and economic development in the Republic of the Philippines,
have agreed as follows:
ARTICLE 1
The Government of the Federal Republic of Germany shall enable the Government of the Republic of the Philippines to obtain from the Kreditanstalt fur Wiederaufbau (Development Loan Corporation), Frankfurt/Main, financial contributions of up to a total of DM 3,000.000 (three million Deutsche Mark) within the scope of the project "Study and expert Fund for Financial Cooperation", if, after examination, the individual activities have been found eligible for promotion.
ARTICLE 2
The utilization of the amount referred to in Article 1 of this Agreement as well as the terms and conditions or which it is made available shall be governed by the provisions of the agreement to be concluded between the recipient of the financial contributions and the Kreditanstalt fur Wiederaufbau, which shall be subject to laws and regulations applicable in the Federal Republic of Germany.
ARTICLE 3
The Government of the Republic of the Philippines shall exempt the Kreditanstalt fur Wiederaufbau from all taxes and other public charges levied in the Republic of the Philippines in connection with the conclusion and implementation of the agreement referred to in Article 2 of the present Agreement.
ARTICLE 4
The procedure to be followed in awarding the contracts for the implementation of the project referred to in Article 1 of this Agreement shall be determined in the financing agreement to be concluded between the recipient and the Kreditanstalt fur Wiederaufbau.
Article 5
With regard to supplies and services resulting from the granting of the financial contributions, the Government of the Federal Republic of Germany attaches particular importance to preferential use being made of the economic potential of Land Berlin.
Article 6
This Agreement shall also apply to Land Berlin, provided that the Government of the Federal Republic of Germany does not make a contrary declaration to the Government of the Republic of the Philippines within three months of the date of entry into force of this Agreement.
Article 7
This Agreement shall enter into force on the date of signature thereof. DONE at Manila on 18 February 1982 in duplicate in the English and German languages, both texts being equally authentic.
desiring to strengthen and intensify chose friendly relations through financial co-operation in a spirit of partnership,
aware that the maintenance of those relations constitutes the basis of this Agreement,
intending to contribute to social and economic development in the Republic of the Philippines,
have agreed as follows:
The Government of the Federal Republic of Germany shall enable the Government of the Republic of the Philippines to obtain from the Kreditanstalt fur Wiederaufbau (Development Loan Corporation), Frankfurt/Main, financial contributions of up to a total of DM 3,000.000 (three million Deutsche Mark) within the scope of the project "Study and expert Fund for Financial Cooperation", if, after examination, the individual activities have been found eligible for promotion.
The utilization of the amount referred to in Article 1 of this Agreement as well as the terms and conditions or which it is made available shall be governed by the provisions of the agreement to be concluded between the recipient of the financial contributions and the Kreditanstalt fur Wiederaufbau, which shall be subject to laws and regulations applicable in the Federal Republic of Germany.
The Government of the Republic of the Philippines shall exempt the Kreditanstalt fur Wiederaufbau from all taxes and other public charges levied in the Republic of the Philippines in connection with the conclusion and implementation of the agreement referred to in Article 2 of the present Agreement.
The procedure to be followed in awarding the contracts for the implementation of the project referred to in Article 1 of this Agreement shall be determined in the financing agreement to be concluded between the recipient and the Kreditanstalt fur Wiederaufbau.
With regard to supplies and services resulting from the granting of the financial contributions, the Government of the Federal Republic of Germany attaches particular importance to preferential use being made of the economic potential of Land Berlin.
This Agreement shall also apply to Land Berlin, provided that the Government of the Federal Republic of Germany does not make a contrary declaration to the Government of the Republic of the Philippines within three months of the date of entry into force of this Agreement.
This Agreement shall enter into force on the date of signature thereof. DONE at Manila on 18 February 1982 in duplicate in the English and German languages, both texts being equally authentic.
For the Government of the | For the Government of the |
Republic of the Philippines | Federal Republic of Germany |
(Sgd.) | (Sgd.) |