WHEREAS the International Cooperation Department, Ministry of
Economic Affairs, R.O.C., and the Agency of Commerce and Commun-
ity Development, State of Vermont, U.S.A. wish to further stren-
gthen relations by expanding economic, trade, investment and bi-
lateral technical cooperation between them.

RECOGNIZING that one of the means to achieve such cooperation is
to execute a Memorandum of Understanding.

The two parties therefore agree to promote technical interchange
and to mutually develop the international market. The following
subjects will be covered: Establishing a bilateral technical co-
operation project; Promoting the dispatch of high-level economic
, construction, technical, and managerial personnel for on-site
study and training; Determining organizations in charge of prom-
oting bilateral technical cooperation and identification of pro-
ject contents and methods of implementation through future cons-
ultation between designated agencies of the two sides; Stimulat-
ing the two-way exchange of economic, trade, and investment inf-
ormation; Deepening of bi- and multilateral economic ties, espe-
cially in the fields of capital investment, environment, and to-
urism; Building up communication channels for the exchange of
information on the investment climates and opportunities both in
Taiwan and the State of Vermont by appointed investment promoti-
on and industrial development agencies of the two sides.

IN WITNESS WHEREOF, the undersigned, being duly authorized by
their respective Governments, have signed this Memorandum.

Made in duplicate, in Chinese and English, each text being auth-
entic in the City of Taipei, on the fourteenth day of September
of the eighty-eighth year of the Republic of China, correspondi-
ng to the fourteenth day of September of the year one thousand
nine hundred ninety nine of the Gregorian calendar.

Mr. Fadah Hsieh
Director General Secretary
International Cooperation Department Agency of
R.O.C.

Ms. Molly Lambert
Commerce & Ministry of Economic Affairs
State of Vermont U.S.A.
Community Development