Memorando de Entendimiento entre Brasil y Guyana en proyectos de infraestructura [Inglés] – Brasilia, 5 de diciembre de 2012

The Government of the Federative Republic of Brazil

and

The Government of the Co-operative Republic of Guyana
(hereinafter referred to as “the Parties”),

Guided by a spirit of cooperation, in a consensual and participatory manner, to strengthen bilateral economic relations, aimed at social inclusion and at reduced inequalities;

Considering the importance of expanding the required infrastructure to increase the trade between Brazil and Guyana;

Recognizing the need for bilateral cooperation to achieve regional development, including through providing greater stimulus to infrastructure projects that might benefit both countries;

Recognizing the importance of stability of supply of renewable energy at competitive prices for inclusive and sustainable industrial development,

Hereby agree as follows:

Article I

To create a Working Group which will examine forms of stimulating, in the future, initiatives such as:

a) Construction of hydroelectric plant(s);

b) Construction of transmission lines needed to distribute any energy that will be eventually generated.

c) Improvement of the Guyana-Brazil road

d) Construction of deep water port

Article II

The Working Group will comprise:

a. For the Federative Republic of Brazil, the Ministry of Energy and Mining, the Ministry of Transport, the Ministry of Foreign Affairs, the Ministry of Treasure, the Ministry of Development, Industry and Foreign Trade, the Brazilian Development Bank (BNDES), and Eletrobrás;

b. For the Co-operative Republic of Guyana, the Office of the Prime Minister, the Ministry of Public Works and Communication, the Ministry of Natural Resources and the Environment, the Ministry of Foreign Affairs, the Ministry of Finance, Guyana Energy Agency, and Guyana Power and Light (GPL).

Article III

The Working Group shall submit to the Presidents of the Federative Republic of Brazil and of the Co-operative Republic of Guyana, in the first semester of 2013, proposals for concrete actions, as well as a timetable for their implementation.

Article IV

The Parties may, by mutual agreement, invite other institutions, governmental or private, to provide support for the Working Group on specific issues.

Article V

Each Party will bear the costs of the cooperation activities under this MOU, according to their budgets.

Article VI

Nothing in this MOU shall be interpreted as requiring the Parties or their affiliated companies to cooperate in any activity that is not in accordance with their respective laws.

Article VII

The cooperation referred to in this MOU shall be carried out through consultations and by mutual agreement without prejudice to the rights and obligations of the Parties under international instruments to which either Party is signatory.

Article VIII

Any dispute concerning the implementation of the present Memorandum of Understanding will be settled by direct negotiation between the Parties through diplomatic channels.

Article IX

The present Memorandum of Understanding will enter into force on the date of its signature and will be valid for one year and may be renewed for successive periods through diplomatic channels.

Article X

This Memorandum of Understanding may be amended at any time by mutual consent of the Parties through diplomatic channels.

Article XI

Either Party may, at any time, notify the other, through diplomatic channels, of its intention to terminate this Memorandum of Understanding with a minimum of three months in advance. Termination will not affect the ongoing projects within its scope.

Done in Brasilia, on December 5, 2012, in two originals, in English and Portuguese languages, both texts being equally authentic. In case of divergence of interpretation, the English text shall prevail.