opinion of the Economic and Social Committee, shall, alter consulting the European  Parliament, issue directives for the application of this Article.

Article 99

The Commission may make any recommendations for facilitating movements of  capital intended to finance the industrial activities listed in Annex II to this Treaty.

Article 100

Each Member State undertakes to authorize, in the currency of the Member State in  which the creditor or the beneficiary resides, any payments connected with the  movement of goods, services or capital, and any transfers of capital and earnings, to  the extent that the movement of goods, services, capital and persons between  Member States has been liberalized pursuant to this Treaty.

CHAPTER 10

EXTERNAL RELATIONS

Article 101

The Community may, within the limits of its powers and jurisdiction, enter into  obligations by concluding agreements or contracts with a third State, an international  organization or a national of a third State.

Such agreements or contracts shall be negotiated by the Commission in accordance  with the directives of the Council: they shall be concluded by the Commission with  the approval of the Council, which shall act by a qualified majority.

Agreements or contracts whose implementation does not require action by the  Council and can be effected within the limits of the relevant budget shall, however,  be negotiated and concluded solely by the Commission; the Commission shall keep  the Council informed.

Article 102

Agreements or contracts concluded with a third State, an international organization  or a national of a third State to which, in addition to the Community, one or more  Member States are parties, shall not enter into force until the Commission has been  notified by all the Member States concerned that those agreements or contracts have  become applicable in accordance with the provisions of their respective national  laws.

Article 103

Member States shall communicate to the Commission draft agreements or contracts  with a third State, an international organization or a national of a third State to the  extent that such agreements or contracts concern matters within the purview of this

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