MEMORANDUM OF UNDERSTANDING BETWEEN THE GOVERNMENT OF THE REPUBLIC OF CHINA (TAIWAN) AND THE GOVERNMENT OF ST. VINCENT AND THE GRENADINES-1

THE GOVERNMENT OF THE REPUBLIC OF CHINA (TAIWAN) AND THEGOVERNMENT OF ST. VINCENT AND THE GRENADINES are satisfied withthe cooperative relations between the two countries over thepast 25 years and desirous of strengthening these relations.The government of the Republic of China (Taiwan) is pleasedtheir assistance has borne fruit and receives acknowledgment bythe people and government of St. Vincent and the Grenadines.Based upon the long-term cordial relations of the two countries,the government of the Republic of China (Taiwan) has agreed tojoin other countries in the Argyle International Airport Projectand other social development projects.IN VIEW OF THE FOREGOING, the two governments have reached thisMemorandum of Understanding through their respectiverepresentatives in the following manner to wit:THAT the Republic of China (Taiwan) agrees to provide a grant offifteen million United States dollars, and assist incoordinating a commercial bank in the Republic of China(Taiwan), i.e., Eximbank or ICBC to make available a soft loanof ten million United States dollars to the government of St.Vincent and the Grenadines for building the roads, supportsystem, terminal building and control tower of ArgyleInternational Airport. Any request for additional assistance forthe project will be afforded favorable consideration in furtherdiscussions.THAT the government of St. Vincent and the Grenadines acceptsthis offer of the government of the Republic of China (Taiwan),extends its most deep-felt appreciation to the latter for itsbrotherly friendship, and remains confident that the cordialrelations between the two countries shall continue to develop.THAT the Memorandum of Understanding shall enter into effectimmediately upon being signed by the respective representativesof the government of the Republic of China (Taiwan) and thegovernment of St. Vincent and the Grenadines; and that it shallremain in force until the provisions contained herein are fullyimplemented and executed by the two governments.DONE IN TAIPEI on the seventh day of the sixth month of the yeartwo thousand six in the Gregorian calendar, which is equivalentto the seventh day of the sixth month of the ninety-fifth yearof the Republic of China (Taiwan), in duplicate in the Englishand Chinese languages, with both versions being equally valid. __________________________ __________________________Dr. the Hon. Ralph Gonsalves The Hon. James HuangPrime Minister Minister of Foreign AffairsSt. Vincent and the Grenadines Republic of China (Taiwan)