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September 24, 2004
MEMORANDUM OF UNDERSTANDING ON THE ESTABLISHMENT OF A BILATERAL CONSULTATION MECHANISM BETWEEN THE REPUBLIC OF THE PHILIPPINES AND THE REPUBLIC OF COSTA RICA
The Government of the Republic of the Philippines through its Department of Foreign Affairs and the Government of the Republic of Costa Rica through its Ministry of Foreign Affairs and Worship, hereinafter referred as the "Parties";
DESIROUS to promote mutual understanding and cooperation between both countries;
REFLECTING the desire of both countries to develop and further enhance the friendly relations between both countries;
CONSIDERING that consultation and an exchange of ideas on bilateral relations and international matters of mutual interest would be of mutual benefit;
REAFFIRMING their conviction that the further development of friendly relations and cooperation between the two countries will contribute to international peace and security by means of creating mutual confidence, understanding and cooperation in international relations;
Have agreed as follows:
ARTICLE 1
The Parties shall conduct regular consultations with the aim of reviewing all aspects of their bilateral relationship and to exchange views on bilateral and international affairs of mutual interest.
ARTICLE 2
The consultations shall include, inter alia, a review of the relationship in the political, economic, commercial, investment, tourism, financial, industrial, scientific, cultural, educational, social, sport, technical and technological fields.
ARTICLE 3
The Parties agree that the consultations should be conducted in the spirit of flexibility and cooperation and that the modalities for the consultations, including the determination of dates, venue, agenda, and level of representation, shall be determined by mutual agreement through diplomatic channels.
ARTICLE 4
The Parties may set up working groups or experts meetings in order to discuss specific areas of common interest.
ARTICLE 5
The present agreement shall enter into force upon signature and shall remain in force unless one of the Parties indicates its intention in writing to terminate the Memorandum, six months in advance.
ARTICLE 6
The Memorandum may be amended upon mutual agreement of the Parties. These amendments shall enter into force upon signature.
ARTICLE 7
The termination or suspension of the present Memorandum shall not affect the execution and duration of any agreement made under the present Memorandum until the completion of such arrangement.
Signed in City of New York, on the twenty-fourth day of September 2004, in two languages, English and Spanish, both texts being equally authentic.
FOR THE GOVERNMENT OF THE (Sgd.) ALBERTO G. ROMULO | FOR THE GOVERNMENT OF THE (Sgd.) ROBERTO TOVAR FAJA |