L'accord, qui a ete signe le 17 decembre 1983 et dont les procedures de ratification sont maintenant terminees, est un accord-cadre de caractere non preferentiel en vertu duquel les deux parties s'accordent mutuellement la clause de la nation la plus favorisee du GATT et definissent les trois principaux domaines de cooperation, c'est-a-dire economique, de developpement et commercial.
The Agreement, which was signed on 17 December 1983, and is now fully ratified, is a non-preferential framework agreement under which the two parties grant each other the benefit of the GATT most-favoured nation clause and define the three main areas of cooperation as economic, development and commercial cooperation.