40. The representative of Switzerland underlined the importance her delegation attached to technical cooperation. While transfer of technology could not be compulsory, there was a wide range of projects in Switzerland, such as partnership funds, to encourage investments in developing countries and economies in transition. Recently, Switzerland had initiated a project to establish a financial enterprise for development, the main aim of which was to encourage joint ventures between small and medium-size enterprises in Switzerland and those in developing countries. Fifty-one per cent of the capital for the financial enterprise which was being set up would be provided by the private sector and 49 per cent by the public or state sector. This enterprise would be assisting in the transfer of technology and was an example of an incentive-type measure which Switzerland considered to fall within the terms of Article 66.2. Therefore, in the view of her delegation, Switzerland was already implementing Article 66.2.
