2003 Asia invest programme call for proposals

Board of Investments is initiating a Call for Proposals, under the Asia-Invest Programmed, for economic cooperation between the EU and Asia.

Through (a) business to business match-making activities between EU and Asian countries (b) Asian private sector development in the form of technical assistance; and (c) partnership-building and capacity strengthening activities of Asian business representatives, as well as networking and dialogue exchange between public authorities and the private sector with EU Counterparts.

The Asia-Invest Programmed is a European Union initiative to provide assistance to intermediary organizations in order to facilitate mutually beneficial partnership between companies, in particular, small and medium-sized enterprises in the EU and South-East Asia and China. The aim of the Programme is to strengthen the business environment and increase trade and investment flows between the two regions. The Program has entered a second phase of implementation for 5 years (2003 to 2007) with a renewed European Commission commitment of Euro Dollar 41 million. The maximum EC grant support is set at 50% for Asia Enterprise (up to a maximum of Euro Dollar 300,000) and Asia Invest Technical Assistance (up to Euro Dollar 150,000) and 75% under Asia Invest Alliance (up to Euro Dollar 200,000) for projects with a maximum duration of 24 months. The remainder must, therefore, be financed from the applicants and/or partners' own resources, or from other external sources other the EC budget. Selected Flyers on the Programme and a more detailed guidelines for applicants, project and country eligibilities are available and can be downloaded directly from the program website (europa.eu.int/comm./europeaid/projects/asia-invest/html2002/main.htm) or you can contact Mr. Raul Angeles, Director, Natural Resource based Industries Dept. of Board of Investments at Tel. No. 897-6682 The next two coming deadlines for submission of proposals are October 1 and December 1, 2003.

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