In total 10 cities will host the first championship and formal agreements will be finalised by July.

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Mr Ahmed says the two countries are yet to sign formal agreements on investment, shipping, tourism and currency exchange.

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Negroponte eventually negotiated formal agreements with designers and suppliers.

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Our countries have common traits to deepen our affinities amongst our peoples, to make our friendship ties even closer and more meaningful and everlasting, a relationship that is based only on formal agreements amongst governments.

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It will bring together an array of senior U.S. and Soviet officials who, in various working groups, will be charged with developing formal bilateral agreements.

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In some cultures, personal bonds and informal agreements are far more binding than any formal contract.

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Formal, bilateral relationships between China and the USA incorporate countless active agreements and working groups in military, monetary, academic, and commercial spheres.

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