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 this objective, the Parties shall capitalize on and utilize the existing CBMs, constituting a mutually beneficial cooperative platform, which will evolve into an Action Plan.

2. The Parties shall encourage mutual investments and shall take all necessary measures for their effective protection, including measures against excessive bureaucracy and for overcoming institutional, administrative and tax barriers. The Parties shall place particular emphasis on the cooperation between companies, businesses, and industries of each Party.

3. The Parties shall refrain from imposing any impediment to the movement of people or goods between their territories or through the territory of either Party to the territory of the other. The Parties shall cooperate to facilitate such movements in accordance with international law.

4. The Parties shall develop and boost their cooperation, with regard to energy, notably through the construction, maintenance and utilization of interconnecting natural gas and oil pipelines (existing, under construction and projected) and with regard to renewable energy resources, including photovoltaic, wind and hydro-electric. Possible pending matters will be addressed promptly by reaching mutually beneficial settlements taking into serious consideration the European Policy on Energy and the acquis communautaire. The First Party shall assist the Second Party with appropriate transfer of know-how and expertise.

5. The Parties shall promote, extend and improve cooperative synergies in the areas of infrastructures and transport as well as on a reciprocal basis, road, rail, maritime and air transport and communication connections, using the best available technologies and practices. They shall also facilitate the transit between them of goods, cargos and merchandises via the infrastructures, including ports and airports, in the territory of each Party. The Parties shall adhere to international rules and regulations with respect to transit, telecommunications, signs and codes. The First Party shall do so insofar as, and in a manner compliant with, its obligations deriving from its membership in the EU and other international instruments. The Second Party shall do so insofar as, and in a manner compliant with, its obligations deriving from its memberships in international, multilateral or regional institutions or Organizations in which it is a member on the entry into force of this Agreement, as well as its membership of the EU, following its proposed accession thereto.

6. The Parties shall seek to improve and modernize existing border crossings as required by the flow of traffic and to construct new border crossings with a view to boosting touristic and commercial flows between them.

7. The Parties shall take measures to ensure the protection of the environment and the preservation of the natural habitat in the trans-border waters and the surrounding space, and shall cooperate in seeking to reduce and eliminate all forms of pollution. The Parties shall strive to develop and harmonize strategies and programmes for regional and international cooperation for the protection of the environment.

8. The Parties shall support the broadening of tourist exchanges, and the development of their cooperation in the fields of alternative tourism, including cultural, religious, educational, medical, and athletic tourism and shall cooperate in improving and promoting business and tourist travel between them.

9. The Parties shall establish a Joint Ministerial Committee (“JMC”) in order to attain the best possible cooperation in the abovementioned sectors of economic partnership, including through the organization of joint business fora. Convening at least once a year, the JMC will steer the course of bilateral economic cooperation, the comprehensive implementation of the relevant sectoral actions, agreements, protocols