(1)

The Commission has negotiated, on behalf of the Community, an Agreement on scientific and technological cooperation between the European Community and the Arab Republic of Egypt (the Agreement).

(2)

Subject to possible conclusion at a later date, the Agreement initialled on 4 March 2004 was signed on 21 June 2005, with a provisional application upon its signature.

(3)

The Agreement is based on the principles of mutual benefit, reciprocal opportunities for access to each other’s programmes and activities relevant to the purpose of the Agreement, non-discrimination, the effective protection of intellectual property, and equitable sharing of intellectual property rights. Participation in indirect actions of legal entities established in the Arab Republic of Egypt shall be subject to the terms and conditions for legal entities in third countries established by a decision taken by the European Parliament and the Council according to Article 167 of the Treaty, Council Regulation (EC, Euratom) No 1605/2002 of 25 June 2002 on the Financial Regulation applicable to the general budget of the European Communities (2) and other applicable Community legislation.

(4)

The Agreement should be concluded in such a way that the languages of all Member States are authentic. This will be done via an Exchange of Letters.

(5)

The Agreement should be approved,