Common use of Committee on Investment Facilitation Clause in Contracts

Committee on Investment Facilitation. 1. In order to ensure that this Agreement operates properly and effectively, the Parties hereby establish a Committee on Investment Facilitation comprising representatives of both Parties. 2. The Committee on Investment Facilitation shall hold its first meeting no later than six months after the date of entry into force of this Agreement. Thereafter, the Committee on Investment Facilitation shall meet on an annual basis, unless otherwise agreed by the representatives of the Parties, or without undue delay upon request of either Party. 3. The meetings of the Committee on Investment Facilitation shall take place in the Union or Angola alternately, unless otherwise agreed by the representatives of the Parties. The Committee on Investment Facilitation may meet in person or by other appropriate means of communication, as agreed by the representatives of the Parties. 4. The Committee on Investment Facilitation shall be co-chaired by, for Angola, the Minister of Economy and Planning and the Minister of Industry and Trade, and, for the Union, the Member of the European Commission responsible for Trade, or their respective designees. 1. The Committee on Investment Facilitation shall: (a) consider ways to further enhance investment relations between the Parties; (b) supervise and facilitate the implementation and application of this Agreement, and advance its general aims; (c) seek appropriate ways and methods of preventing or solving problems that may arise in areas covered by this Agreement, or of resolving disputes that may arise regarding the interpretation or application of this Agreement; (d) consider any other matter of interest relating to an area covered by this Agreement, as the representatives of the Parties may agree; (e) consider ongoing inquiries as referred to in Article 22 and requests for administrative assistance; and (f) discuss possible improvements of this Agreement, in particular in the light of experience and developments in other international fora and under other agreements concluded by the Parties. 2. The Committee on Investment Facilitation shall adopt at its first meeting its own rules of procedure.

Committee on Investment Facilitation. 1. In order to ensure that this Agreement operates properly and effectively, the Parties hereby establish a Committee on Investment Facilitation comprising representatives of both Parties. 2. The Committee on Investment Facilitation shall hold its first meeting no later than six months after the date of entry into force of this Agreement. Thereafter, the Committee on Investment Facilitation shall meet on an annual basis, unless otherwise agreed by the representatives of the Parties, or without undue delay upon request of either Party. 3. The meetings of the Committee on Investment Facilitation shall take place in the Union or Angola alternately, unless otherwise agreed by the representatives of the Parties. The Committee on Investment Facilitation may meet in person or by other appropriate means of communication, as agreed by the representatives of the Parties. 4. The Committee on Investment Facilitation shall be co-chaired by, for Angola, the Minister of Economy and Planning and the Minister of Industry and Trade, and, for the Union, the Member of the European Commission responsible for Trade, or their respective designees. 1. The Committee on Investment Facilitation shall: (a) consider ways to further enhance investment relations between the Parties; (b) supervise and facilitate the implementation and application of this Agreement, and advance its general aims; (c) seek appropriate ways and methods of preventing or solving problems that may arise in areas covered by this Agreement, or of resolving disputes that may arise regarding the interpretation or application of this Agreement; (d) consider any other matter of interest relating to an area covered by this Agreement, Agreement as the representatives of the Parties may agree; (e) consider ongoing inquiries as referred to in Article 22 and requests for administrative assistance; and; (f) discuss possible improvements of this Agreement, in particular in the light of experience and developments in other international fora and under other agreements concluded by the Parties.; and 2. The Committee on Investment Facilitation shall (g) adopt at its first meeting its own rules of procedure.