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ANNEX XI

JOINT DECLARATION ON ARTICLE 82 OF THE CONVENTION

THE CONTRACTING PARTIES RECOGNIZE THAT SOME OF THE LEAST-DEVELOPED , LAND-LOCKED AND ISLAND STATES SUFFER FROM CERTAIN SPECIAL DISADVANTAGES WHICH TEND TO RENDER THEM LESS ATTRACTIVE TO INVESTMENT THAN OTHER DEVELOPING COUNTRIES .

AS A CONSEQUENCE , THE CONTRACTING PARTIES ACCEPT THAT IT MAY BE DESIRABLE TO ADOPT EXTRA SPECIAL MEASURES TO ATTRACT INVESTMENT TO SOME OF THESE STATES .

IN PURSUANCE OF THIS OBJECTIVE , THE CONTRACTING PARTIES AGREE TO UNDERTAKE AS EARLY AS POSSIBLE AFTER THE COMING INTO FORCE OF THE CONVENTION , A JOINT STUDY TO IDENTIFY WHAT SPECIFIC MEASURES IT MAY BE DESIRABLE TO ADOPT IN RELATION TO THESE STATES IN ORDER TO IMPROVE THEIR ATTRACTIVENESS TO INVESTMENT .