Considerations on COM(2012)123 - Renewal of the Agreement for scientific and technological cooperation between the EC and Brazil - Main contents

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dossier	COM(2012)123 - Renewal of the Agreement for scientific and technological cooperation between the EC and Brazil.
document	COM(2012)123
date	October 10, 2012

table>(1)By its Decision 2005/781/EC (1), the Council approved the conclusion of the Agreement for scientific and technological cooperation between the European Community and the Federative Republic of Brazil (the ‘Agreement’).

(2)	Article XII(2) of the Agreement provides as follows: ‘This Agreement shall initially be valid for a period of five years and may be renewed by agreement between the Parties after evaluation during the penultimate year of each subsequent renewal period.’.

(3)	At the fifth meeting of the Steering Committee established under Article VI(2) of the Agreement, held on 22 November 2011 in Brasilia, both Parties confirmed their interest in renewing the Agreement for another five years.

(4)	As a consequence of the entry into force of the Treaty of Lisbon on 1 December 2009, the European Union has replaced and succeeded the European Community.

(5)	The renewal of the Agreement should be approved on behalf of the Union,