Common use of FUNCTIONS OF THE JOINT COMMITTEE Clause in Contracts

FUNCTIONS OF THE JOINT COMMITTEE. The Joint Committee shall have the following functions, inter alia: a) to ensure the proper functioning and implementation of this Agreement, its Annexes and additional Protocols, and continuation of the dialogue between the Parties; b) to consider examine, and approve any modifications and amendments to this Agreement, its Annexes and additional Protocols; c) to amend Annex IV.1 (Code of Conduct for Arbitrators of the Arbitration Tribunal) and Annex IV.2 (Rules of Procedure); d) to examine the process of trade liberalization established under this Agreement, its Annexes and additional Protocols, including inter alia studying the development of trade between the Parties, reviewing the categorization of goods in Article 11 of this Chapter, assessing the need for changes in the rules of origin, and recommending further steps for cooperation in the fields of trade in services, investment promotion and other areas not covered by the Agreement; e) to perform other functions that may arise from the implementation of the provisions of this Agreement, its Annexes and any additional Protocols; f) to establish mechanisms to encourage the active participation of the private sectors in areas covered by this Agreement between the Parties; and, g) to exchange opinions and make suggestions on any issue of mutual interest relating to areas covered by this Agreement, including future actions.