Free Trade Agreement Joint Commission Sample Clauses

Free Trade Agreement Joint Commission. 1. The Parties hereby establish a Free Trade Agreement Joint Commission (the FTA Joint Commission) which shall meet at the level of, and be co-chaired by, senior officials or as mutually determined by the Parties. Each Party shall be responsible for the composition of its delegation. 2. The functions of the FTA Joint Commission shall be to: (a) review the implementation and operation of this Agreement; (b) consider any matter relating to the implementation of this Agreement; (c) establish, as appropriate, subsidiary bodies to address issues arising under, and to assist implementation of this Agreement; (d) supervise and coordinate the work of any subsidiary bodies established pursuant to this Agreement; (e) adopt as appropriate any decision or recommendation of any subsidiary body established pursuant to this Agreement; (f) report to the Joint Trade Committee, as appropriate; and (g) carry out any other functions as the Parties may agree. 3. The FTA Joint Commission may: (a) explore measures for the further expansion of trade and investment between the Parties; and (b) seek to resolve differences or disputes that may arise regarding the interpretation or application of this Agreement pursuant to Article 20.8 (Referral to the FTA Joint Commission) of Chapter 20 (Consultations and Dispute Settlement). 4. The FTA Joint Commission may establish its rules and procedures and, as necessary, financial arrangements. 5. Unless the Parties otherwise agree, the FTA Joint Commission shall convene its inaugural meeting within one year after this Agreement enters into force and then each year, or as otherwise mutually determined by the Parties. The FTA Joint Commission shall convene alternately in Australia and Malaysia, unless the Parties agree otherwise. Special meetings of the FTA Joint Commission may be convened, as mutually agreed by both Parties, within 30 days upon the request of either Party.
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