AGREEMENT OF MUTUAL ASSISTANCE

BETWEEN
(Party 1)
And
(Party 2)

This Agreement is entered into between (Party 1) and (Party 2), herein after referred to
as parties (“Parties”);

whereas it has been established that there exists a great mutual interest in trade and
economic development of the private and public sectors of the Parties and that it is the
fostering of such mutual interest that is most desired to the benefit of both the Parties
concerned; and

whereas (Party 1) and (Party 2), each with the mutual goals of promoting business,
investment, exports and deepening international commercial relations, and each
believing firmly in the system of private and public initiative for economic development.

It is; therefore, understood between (Party 1), represented by _________________

and

(Party 2), represented by its ______________________, that (Party 1) and (Party 2)

have an understanding on the following:

1. The Parties shall encourage, according to the law in both countries, actions leading
to the promotion and development of commercial exchange and of economic co-
operation between interested companies, observing as well the agreement and
understandings existing between the two countries.

For this purpose the Parties shall encourage commercial and economic co-operation
agreements between the companies from both countries, authorized to initiate foreign
trade and international economic co-operation.

2. In order to implement the objectives in the paragraphs 1 and 2, the Parties

hereupon agree to the following:
 One: The Parties shall examine the possibility of cooperative studies that
analyse business conditions, trade and sectors of interest for respective
exports between _[name of State / Country]_ and Gujarat and that
could result in the identification and publication of trade opportunities or
for proposing measures considered appropriate to ensure the optimum
development of trade relations between both countries.

Two: The Parties shall share knowledge, where able, with each other on the
legal and economic environment and of trade and investment
conditions through exchange of information conducive to improving the
analysis and development of their respective markets in both countries.

Three: Each Party shall review initiatives that would lead to improved
economic, trade and business cooperation between companies in their
respective countries, as well as the establishment of joint ventures, to
identify opportunities for improvement.

Four: Both Parties shall examine opportunities to develop special projects or

initiatives that support bilateral investment and exports. Wherever
possible, consideration should be given to ensure that the projects and
initiatives are financed by multilateral and aid-to-development
institutions or funds.

Five: The Parties shall provide non-monetary assistance to the organizations

for trade promotion activities in their respective countries, provided
these activities are compatible with priorities of the trade promotion
program of each party. Specifically, the cooperation shall focus on the
organization of trade missions and acquaintance missions for
businessmen.

Six: The Parties shall favour an exchange of periodical publications and the
possibility of publishing at no cost, in their respective publications or in
any other appropriate publication, information on foreign trade
regulations and / or any other trade information relative to _______ and
Gujarat.

Seven: Where agreed to by both Parties, efforts will be made for joint
Organization of symposiums and seminars on economic and trade
information, as well as on trade and investment opportunities
concerning both countries, at no cost.

Eight: The Parties shall encourage the creation of export panels on

international marketing as well as on foreign trade management and
skills.
 Nine: The Parties, when necessary, shall organize alternatively, discussions
between their authorized representative, to examine ways of effecting
this Agreement and to establish the necessary measures for the
continuous development of the economic relations between both,
parties in accordance with this Agreement. The date and place of these
meetings shall be decided at least two months in advance.

Ten: All actions derived from the cooperation activities of this Agreement
shall be agreed upon in advance by both parties.

Eleven: The Parties signing this Agreement shall ensure the necessary
confidentiality in exchanging information on trade and business
cooperation projects development in each country.

Twelve: The duration of this Agreement shall be decided for a mutually

acceptable period, if required written notice of its termination shall be
given by either party at least six months in advance.

In witness whereof, this Agreement is signed by the parties, in duplicate, in

______________ (place) on _____________ (date).

For and on behalf of (Party 2) For and on behalf of

_______________ _______________

(AUTHORISED SIGNATORY) (AUTHORISED SIGNATORY)

Name: Name:
Designation: Designation:
Contact no.: Contact no.:
E mail: E mail:
Contact address: Contact address: