Common use of Functions of the Trade Committee Clause in Contracts

Functions of the Trade Committee. 1. The Trade Committee shall: (a) supervise and facilitate the operation of this Agreement and the correct application of its provisions, and consider other ways to attain its general objectives; (b) evaluate the results obtained from the application of this Agreement, in particular the evolution of the trade and economic relations between the Parties; (c) supervise the work of all specialised bodies established under this Agreement and recommend any necessary action; (d) evaluate and adopt decisions as envisaged in this Agreement regarding any subject matter which is referred to it by the specialised bodies established according to this Agreement; (e) oversee the application of Article 105; (f) supervise the further development of this Agreement; (g) without prejudice to the rights conferred in Title XII (Dispute Settlement) and other provisions of this Agreement, explore the most appropriate way to prevent or solve any difficulty that may arise in relation to issues covered by this Agreement; (h) adopt, at its first meeting, the Rules of Procedure and the Code of Conduct for arbitrators referred to in Article 315; (i) establish the remuneration and expenses to be paid to arbitrators; (j) adopt its own rules of procedure, as well as its meeting schedule and the agenda for its meetings; (k) consider any other matter of interest relating to an area covered by this Agreement. 2. The Trade Committee may: (a) establish and delegate responsibilities to specialised bodies; (b) receive or seek information from any interested person; (c) agree to the initiation of negotiations, with the aim of deepening the liberalisation already achieved in sectors covered by this Agreement; (d) consider any amendment or modification to the provisions of this Agreement, which shall be subject to the completion of the internal legal procedures of each Party; (e) adopt interpretations of the provisions of this Agreement [4]. Such interpretations shall be taken into consideration by arbitration panels established under Title XII (Dispute Settlement); (f) take such other action in the exercise of its functions as the Parties may agree; (g) advance in the achievement of the objectives of this Agreement by means of modifications provided for therein, of: (i) Annex I (Tariff Elimination Schedules), with the aim of adding one or more goods excluded from the tariff elimination schedule of a Party; (ii) the time schedules established in Annex I (Tariff Elimination Schedules), with the aim of accelerating tariff reduction; (iii) the specific rules of origin established in Annex II (Concerning the Definition of the Concept of "Originating Products" and Methods of Administrative Cooperation); (iv) the procuring entities listed in Appendix 1 of Annex XII (Government Procurement); (v) the lists of commitments set out in Annexes VII (List of Commitments on Establishment) and Annex VIII (List of Commitments on Cross-Border Supply of Services), and the reservations set out in Annex IX (Reservations Regarding Temporary Presence of Natural Persons for Business Purposes); and (vi) other provisions subject to modifications by the Trade Committee pursuant to an explicit provision of this Agreement. Each Party shall implement, in accordance with its applicable legal procedures, any modification referred to in this subparagraph. 3. The Trade Committee may examine the impact of this Agreement on the micro, small and medium-sized enterprises (hereinafter referred to as "Micro and SMEs") of the Parties, including any resulting benefits. 4. The Parties shall, to the extent possible, exchange information within the Trade Committee concerning agreements establishing or modifying customs unions or free trade areas and, where requested, on other major issues related to the trade policy of each Party regarding third countries. 5. In the exercise of any of the functions set out in this Article, the Trade Committee may adopt any decision as envisaged in this Agreement.

Functions of the Trade Committee. 1. The Trade Committee shall: : (a) supervise and facilitate the operation of this Agreement and the correct application of its provisions, and consider other ways to attain its general objectives; ; (b) evaluate the results obtained from the application of this Agreement, in particular the evolution of the trade and economic relations between the Parties; ; (c) supervise the work of all specialised bodies established under this Agreement and recommend any necessary action; ; (d) evaluate and adopt decisions as envisaged in this Agreement regarding any subject matter which is referred to it by the specialised bodies established according to this Agreement; ; (e) oversee the application of Article 105; ; (f) supervise the further development of this Agreement; ; (g) without prejudice to the rights conferred in Title XII (Dispute Settlement) and other provisions of this Agreement, explore the most appropriate way to prevent or solve any difficulty that may arise in relation to issues covered by this Agreement; ; (h) adopt, at its first meeting, the Rules of Procedure and the Code of Conduct for arbitrators referred to in Article 315; ; (i) establish the remuneration and expenses to be paid to arbitrators; ; (j) adopt its own rules of procedure, as well as its meeting schedule and the agenda for its meetings; ; (k) consider any other matter of interest relating to an area covered by this Agreement. 2. The Trade Committee may: : (a) establish and delegate responsibilities to specialised bodies; ; (b) receive or seek information from any interested person; ; (c) agree to the initiation of negotiations, with the aim of deepening the liberalisation already achieved in sectors covered by this Agreement; ; (d) consider any amendment or modification to the provisions of this Agreement, which shall be subject to the completion of the internal legal procedures of each Party; ; (e) adopt interpretations of the provisions of this Agreement [4]Agreement4. Such interpretations shall be taken into consideration by arbitration panels established under Title XII (Dispute Settlement); ; (f) take such other action in the exercise of its functions as the Parties may agree; ; (g) advance in the achievement of the objectives of this Agreement by means of modifications provided for therein, of: : (i) Annex I (Tariff Elimination Schedules), with the aim of adding one or more goods excluded from the tariff elimination schedule of a Party; ; (ii) the time schedules established in Annex I (Tariff Elimination Schedules), with the aim of accelerating tariff reduction; (iii) the specific rules of origin established in Annex II (Concerning the Definition of the Concept of "Originating Products" and Methods of Administrative Cooperation); (iv) the procuring entities listed in Appendix 1 of Annex XII (Government Procurement); (v) the lists of commitments set out in Annexes VII (List of Commitments on Establishment) and Annex VIII (List of Commitments on Cross-Border Supply of Services), and the reservations set out in Annex IX (Reservations Regarding Temporary Presence of Natural Persons for Business Purposes); and (vi) other provisions subject to modifications by the Trade Committee pursuant to an explicit provision of this Agreement. Each Party shall implement, in accordance with its applicable legal procedures, any modification referred to in this subparagraph. 3. The Trade Committee may examine the impact of this Agreement on the micro, small and medium-sized enterprises (hereinafter referred to as "Micro and SMEs") of the Parties, including any resulting benefits. 4. The Parties shall, to the extent possible, exchange information within the Trade Committee concerning agreements establishing or modifying customs unions or free trade areas and, where requested, on other major issues related to the trade policy of each Party regarding third countries. 5. In the exercise of any of the functions set out in this Article, the Trade Committee may adopt any decision as envisaged in this Agreement.;

Functions of the Trade Committee. 1. The Trade Committee shall: : (a) supervise and facilitate the operation of this Agreement and the correct application of its provisions, and consider other ways to attain its general objectives; ; (b) evaluate the results obtained from the application of this Agreement, in particular the evolution of the trade and economic relations between the Parties; ; (c) supervise the work of all specialised bodies established under this Agreement and recommend any necessary action; ; (d) evaluate and adopt decisions as envisaged in this Agreement regarding any subject matter which is referred to it by the specialised bodies established according to this Agreement; ; (e) oversee the application of Article 105; ; (f) supervise the further development of this Agreement; ; (g) without prejudice to the rights conferred in Title XII (Dispute Settlement) and other provisions of this Agreement, explore the most appropriate way to prevent or solve any difficulty that may arise in relation to issues covered by this Agreement; ; (h) adopt, at its first meeting, the Rules of Procedure and the Code of Conduct for arbitrators referred to in Article 315; ; (i) establish the remuneration and expenses to be paid to arbitrators; ; (j) adopt its own rules of procedure, as well as its meeting schedule and the agenda for its meetings; ; (k) consider any other matter of interest relating to an area covered by this Agreement. 2. The Trade Committee may: : (a) establish and delegate responsibilities to specialised bodies; ; (b) receive or seek information from any interested person; ; (c) agree to the initiation of negotiations, with the aim of deepening the liberalisation already achieved in sectors covered by this Agreement; ; (d) consider any amendment or modification to the provisions of this Agreement, which shall be subject to the completion of the internal legal procedures of each Party; ; (e) adopt interpretations of the provisions of this Agreement [4](5). Such interpretations shall be taken into consideration by arbitration panels established under Title XII (Dispute Settlement); ; (f) take such other action in the exercise of its functions as the Parties may agree; ; (g) advance in the achievement of the objectives of this Agreement by means of modifications provided for therein, of: : (i) Annex I (Tariff Elimination Schedules), with the aim of adding one or more goods excluded from the tariff elimination schedule of a Party; ; (ii) the time schedules established in Annex I (Tariff Elimination Schedules), with the aim of accelerating tariff reduction; ; (iii) the specific rules of origin established in Annex II (Concerning the Definition of the Concept of "‘Originating Products" ’ and Methods of Administrative Cooperation); ; (iv) the procuring entities listed in Appendix 1 of Annex XII (Government Procurement); ; (v) the lists of commitments set out in Annexes VII (List of Commitments on Establishment) and Annex VIII (List of Commitments on Cross-Border Supply of Services), and the reservations set out in Annex IX (Reservations Regarding Temporary Presence of Natural Persons for Business Purposes); and and (vi) other provisions subject to modifications by the Trade Committee pursuant to an explicit provision of this Agreement. Each Party shall implement, in accordance with its applicable legal procedures, any modification referred to in this subparagraph. 3. The Trade Committee may examine the impact of this Agreement on the micro, small and medium-sized enterprises (hereinafter referred to as "‘Micro and SMEs"’) of the PartiesParties (6), including any resulting benefits. 4. The Parties shall, to the extent possible, exchange information within the Trade Committee concerning agreements establishing or modifying customs unions or free trade areas and, where requested, on other major issues related to the trade policy of each Party regarding third countries. 5. In the exercise of any of the functions set out in this Article, the Trade Committee may adopt any decision as envisaged in this Agreement.

Functions of the Trade Committee. 1. The In order to ensure that this Agreement operates properly and effectively, the Trade Committee shall: : (a) consider ways to further enhance trade and investment relations between the Parties; (b) supervise and facilitate the operation of this Agreement implementation and the correct application of its provisions, and consider other ways to attain its general objectives; (b) evaluate the results obtained from the application of this Agreement, in particular the evolution of the trade and economic relations between the Parties; further its general aims; (c) supervise supervise, guide and coordinate the work of all specialised committees and other bodies established under this Agreement Agreement, and recommend to these bodies any necessary action; ; (d) evaluate and adopt decisions as envisaged in this Agreement regarding any subject matter which is referred to it by the specialised bodies established according to this Agreement; (e) oversee the application of Article 105; (f) supervise the further development of this Agreement; (g) without prejudice to the rights conferred in Title XII Chapters [XX (Trade and Sustainable Development), XX (Dispute Settlement) );…] seek appropriate ways and other provisions methods of this Agreement, explore the most appropriate way to prevent or solve any difficulty preventing problems that may arise in relation to issues areas covered by this Agreement; , or of resolving disputes that may arise regarding the interpretation or application of this Agreement; (h) adopt, at its first meeting, the Rules of Procedure and the Code of Conduct for arbitrators referred to in Article 315; (i) establish the remuneration and expenses to be paid to arbitrators; (j) adopt its own rules of procedure, as well as its meeting schedule and the agenda for its meetings; (ke) consider any other matter of interest relating to an area covered by this Agreement. 2. The Trade Committee may: (a) establish and delegate responsibilities to specialised bodies; (b) receive or seek information from any interested person; (c) agree to the initiation of negotiations, with the aim of deepening the liberalisation already achieved in sectors covered by this Agreement; (d) consider any amendment or modification to the provisions of this Agreement, which shall be subject to the completion of the internal legal procedures of each Party; (e) adopt interpretations of the provisions of this Agreement [4]. Such interpretations shall be taken into consideration by arbitration panels established under Title XII (Dispute Settlement); (f) take such other action in the exercise of its functions as the Parties may agree; and (gf) advance adopt at its first meeting its own rules of procedure. 2. In order to ensure that this Agreement operates properly and effectively, the Trade Committee may: (a) decide to establish or dissolve specialised committees or other bodies other than those established under in Article X.4 (Specialised Committees), and determine their composition, remit and tasks. (b) allocate or delegate responsibilities to specialised committees or other bodies under this Agreement; (c) recommend to the Parties any amendments to this Agreement (d) adopt decisions to amend this Agreement in the achievement of the objectives of this Agreement by means of modifications provided for therein, of: following cases: (i) the lists of goods contained in Annex I XXX (Tariff Elimination Schedulesof Customs Duties), with the aim object of adding one or more goods excluded from the tariff elimination schedule of a Party; […]; (ii) the time schedules established Schedules attached to Annex XXX (Elimination of Customs Duties) in Annex I (Tariff Elimination Schedules), with the aim of accelerating tariff reduction; order to […]; (iii) the specific rules of origin established in Appendixes XXX to Annex II XX (Concerning the Definition of the Concept of "Originating Products" and Methods of Administrative Cooperation); ; (iv) the procuring entities listed in Appendix 1 of Annex XII XXXX to Chapter XX (Government Procurement); ; (v) the lists of commitments set out in Annexes VII Annex XXXX to Chapter XX (List of Commitments on Establishment) and Annex VIII (List of Commitments on Cross-Border Supply of ServicesProtected Geographical Indications), and the reservations set out in Annex IX (Reservations Regarding Temporary Presence of Natural Persons for Business Purposes); and ; (vi) other the Rules of Procedure referred to in Chapter XX (Dispute Settlement /Rules of Procedure), where appropriate; (vii) the Code of Conduct referred to in Chapter XX (Dispute Settlement); (viii) the Code of Conduct referred to in Chapter XX (Investment); (ix) provisions subject of this Agreement referring to modifications by provisions of international agreements or incorporating them into this Agreement, in case of amendments or successor agreements thereto. (e) adopt interpretations of the Trade Committee pursuant to an explicit provision provisions of this Agreement. Each Party , which shall implementbe binding on the Parties and all bodies established under this Agreement, in accordance with its applicable legal procedures, any modification including the panels referred to under Chapter XX (Dispute Settlement); (f) adopt any decisions as envisaged in this subparagraphAgreement or make recommendations as provided for in Article X.3 (Decisions and recommendations of the Trade Committee); (g) communicate on matters related to this Agreement with all interested parties including private sector, social partners and civil society organisations; and (h) take any other action in the exercise of its functions as the Parties may agree. 3. The Trade Committee may examine shall regularly inform the impact of this Joint Committee established under the Framework Agreement on Comprehensive Partnership and Cooperation between the microEuropean Community and its Member States, small on the one part, and medium-sized enterprises (hereinafter referred to the Republic of Indonesia, on the other part on its activities and those of its specialised committees, as "Micro and SMEs") relevant, at the regular meetings of the Parties, including any resulting benefitsJoint Committee. 4. The Parties shall, to the extent possible, exchange information within the Trade Committee concerning agreements establishing or modifying customs unions or free trade areas and, where requested, on other major issues related to the trade policy of each Party regarding third countries. 5. In the exercise of any of the functions set out in this Article, the Trade Committee may adopt any decision as envisaged in this Agreement.

Functions of the Trade Committee. 1. The In order to ensure that this Agreement operates properly and effectively, the Trade Committee shall: : (a) consider ways to further enhance trade and investment relations between the Parties; (b) supervise and facilitate the operation of this Agreement implementation and the correct application of its provisions, and consider other ways to attain its general objectives; (b) evaluate the results obtained from the application of this Agreement, in particular the evolution of the trade and economic relations between the Parties; further its general aims; (c) supervise supervise, guide and coordinate the work of all specialised committees and other bodies established under this Agreement Agreement, and recommend to these bodies any necessary action; ; (d) evaluate and adopt decisions as envisaged in this Agreement regarding any subject matter which is referred to it by the specialised bodies established according to this Agreement; (e) oversee the application of Article 105; (f) supervise the further development of this Agreement; (g) without prejudice to the rights conferred in Title XII Chapters [XX (Trade and Sustainable Development), XX (Dispute Settlement) )] seek appropriate ways and other provisions methods of this Agreement, explore the most appropriate way to prevent preventing or solve any difficulty solving problems that may arise in relation to issues areas covered by this Agreement; , or of resolving disputes that may arise regarding the interpretation or application of this Agreement; (h) adopt, at its first meeting, the Rules of Procedure and the Code of Conduct for arbitrators referred to in Article 315; (i) establish the remuneration and expenses to be paid to arbitrators; (j) adopt its own rules of procedure, as well as its meeting schedule and the agenda for its meetings; (ke) consider any other matter of interest relating to an area covered by this Agreement. 2. The Trade Committee may: (a) establish and delegate responsibilities to specialised bodies; (b) receive or seek information from any interested person; (c) agree to Agreement as the initiation representatives of negotiations, with the aim of deepening the liberalisation already achieved in sectors covered by this Agreement; (d) consider any amendment or modification to the provisions of this Agreement, which shall be subject to the completion of the internal legal procedures of each Party; (e) adopt interpretations of the provisions of this Agreement [4]. Such interpretations shall be taken into consideration by arbitration panels established under Title XII (Dispute Settlement); (f) take such other action in the exercise of its functions as the Parties may agree; and (gf) advance adopt at its first meeting its own rules of procedure. 2. In order to ensure that this Agreement operates properly and effectively, the Trade Committee may: (a) decide to establish or dissolve specialised committees or other bodies other than those established pursuant to Article X.4 (Specialised Committees), and determine their composition, function and tasks; (b) allocate responsibilities to specialised committees or other bodies under this Agreement; (c) recommend to the Parties any amendments to this Agreement; (d) adopt decisions to amend this Agreement in the achievement of the objectives of this Agreement by means of modifications provided for therein, of: following instances: (i) Annex I XX (Tariff Elimination Schedulesof Customs Duties), with the aim of adding one or more goods excluded from the tariff elimination schedule of a Party; ; (ii) the time schedules established in Annex I Chapter X (Tariff Elimination SchedulesRules of Origin), together with the aim of accelerating tariff reduction; (iii) the specific rules of origin established in Appendixes XX to Annex II XX (Concerning the Definition of the Concept of "Originating Products" and Methods of Administrative Cooperation; (iii) Annex XX to Chapter X (Sanitary and Phytosanitary Measures); ; (iv) [placeholder for possible references to conformity assessment and automotive annex in the procuring entities listed in Appendix 1 of TBT area] (v) Annex XII XX to Chapter X (Government Procurement); (v) the lists of commitments set out in Annexes VII (List of Commitments on Establishment) and Annex VIII (List of Commitments on Cross-Border Supply of Services), and the reservations set out in Annex IX (Reservations Regarding Temporary Presence of Natural Persons for Business Purposes); and ; (vi) other Annex XX to Chapter X (Protected Geographical Indications); (vii) the Rules of Procedure referred to in Chapter X (Dispute Settlement); (viii) the Code of Conduct referred to in Chapter X (Dispute Settlement). (e) adopt interpretations of the provisions subject to modifications by the Trade Committee pursuant to an explicit provision of this Agreement. Each Party , which shall implementbe binding on the Parties and all bodies established under this Agreement, in accordance with its applicable legal procedures, any modification including the panels referred to under Chapter XX (Dispute Settlement); (f) adopt any decisions as envisaged in this subparagraphAgreement or make recommendations as provided for in Article X.3 (Decisions and recommendations of the Trade Committee); (g) communicate on matters related to this Agreement with all interested parties including private sector, social partners and civil society organisations; and (h) take any other action in the exercise of its functions as the Parties may agree. 3. The Trade Committee may examine shall regularly inform the impact of this Joint Committee established under the Framework Agreement on between the microEuropean Union and its Member States, small and medium-sized enterprises (hereinafter referred to as "Micro and SMEs") of the Partiesone part and Australia, including any resulting benefits. 4. The Parties shall, to the extent possible, exchange information within the Trade Committee concerning agreements establishing or modifying customs unions or free trade areas and, where requested, on other major issues related to the trade policy of each Party regarding third countries. 5. In the exercise of any of the functions set out in this Articleother part, of its activities and those of its specialised committees or other bodies, as relevant, at the Trade Committee may adopt any decision as envisaged in this Agreementregular meetings of the Joint Committee.

Functions of the Trade Committee. 1. The Trade Committee shall: : (a) supervise and facilitate the operation of this Agreement and the correct application of its provisions, and consider other ways to attain its general objectives; ; (b) evaluate the results obtained from the application of this Agreement, in particular the evolution of the trade and economic relations between the Parties; ; (c) supervise the work of all specialised bodies established under this Agreement and recommend any necessary action; ; (d) evaluate and adopt decisions as envisaged in this Agreement regarding any subject matter which is referred to it by the specialised bodies established according to this Agreement; ; (e) oversee the application of Article 105; ; (f) supervise the further development of this Agreement; ; (g) without prejudice to the rights conferred in Title XII (Dispute Settlement) and other provisions of this Agreement, explore the most appropriate way to prevent or solve any difficulty that may arise in relation to issues covered by this Agreement; ; (h) adopt, at its first meeting, the Rules of Procedure and the Code of Conduct for arbitrators referred to in Article 315; ; (i) establish the remuneration and expenses to be paid to arbitrators; ; (j) adopt its own rules of procedure, as well as its meeting schedule and the agenda for its meetings; ; (k) consider any other matter of interest relating to an area covered by this Agreement. 2. The Trade Committee may: : (a) establish and delegate responsibilities to specialised bodies; ; (b) receive or seek information from any interested person; ; (c) agree to the initiation of negotiations, with the aim of deepening the liberalisation already achieved in sectors covered by this Agreement; ; (d) consider any amendment or modification to the provisions of this Agreement, which shall be subject to the completion of the internal legal procedures of each Party; ; (e) adopt interpretations of the provisions of this Agreement [4](5). Such interpretations shall be taken into consideration by arbitration panels established under Title XII (Dispute Settlement); ; (f) take such other action in the exercise of its functions as the Parties may agree; ; (g) advance in the achievement of the objectives of this Agreement by means of modifications provided for therein, of: : (i) Annex I (Tariff Elimination Schedules), with the aim of adding one or more goods excluded from the tariff elimination schedule of a Party; ; (ii) the time schedules established in Annex I (Tariff Elimination Schedules), with the aim of accelerating tariff reduction; ; (iii) the specific rules of origin established in Annex II (Concerning the Definition of the Concept of "‘Originating Products" ’ and Methods of Administrative Cooperation); ; (iv) the procuring entities listed in Appendix 1 of Annex XII (Government Gov­ ernment Procurement); ; (v) the lists of commitments set out in Annexes VII (List of Commitments on Establishment) and Annex VIII (List of Commitments on Cross-Border Supply of Services), and the reservations set out in Annex IX (Reservations Regarding Temporary Presence of Natural Persons for Business Purposes); and and (vi) other provisions subject to modifications by the Trade Committee pursuant to an explicit provision of this Agreement. Each Party shall implement, in accordance with its applicable legal procedures, any modification referred to in this subparagraph. 3. The Trade Committee may examine the impact of this Agreement on the micro, small and medium-sized enterprises (hereinafter referred to as "Micro and SMEs") of the Parties, including any resulting benefits. 4. The Parties shall, to the extent possible, exchange information within the Trade Committee concerning agreements establishing or modifying customs unions or free trade areas and, where requested, on other major issues related to the trade policy of each Party regarding third countries. 5. In the exercise of any of the functions set out in this Article, the Trade Committee may adopt any decision as envisaged in this Agreement.

Functions of the Trade Committee. 1. The Trade Committee shall: : (a) supervise and facilitate the operation of this Agreement and the correct application of its provisions, and consider other ways to attain its general objectives; ; (b) evaluate the results obtained from the application of this Agreement, in particular the evolution of the trade and economic relations between the Parties; ; (c) supervise the work of all specialised bodies established under this Agreement and recommend any necessary action; ; (d) evaluate and adopt decisions as envisaged in this Agreement regarding any subject matter which is referred to it by the specialised bodies established according to this Agreement; ; (e) oversee the application of Article 105; ; (f) supervise the further development of this Agreement; ; (g) without prejudice to the rights conferred in Title XII (Dispute Settlement) and other provisions of this Agreement, explore the most appropriate way to prevent or solve any difficulty that may arise in relation to issues covered by this Agreement; ; (h) adopt, at its first meeting, the Rules of Procedure and the Code of Conduct for arbitrators referred to in Article 315; ; (i) establish the remuneration and expenses to be paid to arbitrators; ; (j) adopt its own rules of procedure, as well as its meeting schedule and the agenda for its meetings; ; (k) consider any other matter of interest relating to an area covered by this Agreement. 2. The Trade Committee may: : (a) establish and delegate responsibilities to specialised bodies; ; (b) receive or seek information from any interested person; ; (c) agree to the initiation of negotiations, with the aim of deepening the liberalisation already achieved in sectors covered by this Agreement; ; (d) consider any amendment or modification to the provisions of this Agreement, which shall be subject to the completion of the internal legal procedures of each Party; ; (e) adopt interpretations of the provisions of this Agreement [4]Agreement4. Such interpretations shall be taken into consideration by arbitration panels established under Title XII (Dispute Settlement); ; (f) take such other action in the exercise of its functions as the Parties may agree; ; (g) advance in the achievement of the objectives of this Agreement by means of modifications provided for therein, of: : (i) Annex I (Tariff Elimination Schedules), with the aim of adding one or more goods excluded from the tariff elimination schedule of a Party; ; (ii) the time schedules established in Annex I (Tariff Elimination Schedules), with the aim of accelerating tariff reduction; 4 Interpretations adopted by the Trade Committee shall not constitute an amendment or modification to the provisions of this Agreement. (iii) the specific rules of origin established in Annex II (Concerning the Definition of the Concept of "Originating Products" and Methods of Administrative Cooperation); ; (iv) the procuring entities listed in Appendix 1 of Annex XII (Government Procurement); ; (v) the lists of commitments set out in Annexes VII (List of Commitments on Establishment) and Annex VIII (List of Commitments on Cross-Border Supply of Services), and the reservations set out in Annex IX (Reservations Regarding Temporary Presence of Natural Persons for Business Purposes); and and (vi) other provisions subject to modifications by the Trade Committee pursuant to an explicit provision of this Agreement. Each Party shall implement, in accordance with its applicable legal procedures, any modification referred to in this subparagraph. 3. The Trade Committee may examine the impact of this Agreement on the micro, small and medium-sized enterprises (hereinafter referred to as "Micro and SMEs") of the Parties, including any resulting benefits. 4. The Parties shall, to the extent possible, exchange information within the Trade Committee concerning agreements establishing or modifying customs unions or free trade areas and, where requested, on other major issues related to the trade policy of each Party regarding third countries. 5. In the exercise of any of the functions set out in this Article, the Trade Committee may adopt any decision as envisaged in this Agreement.

Functions of the Trade Committee. 1. The Trade Committee shall: : (a) supervise and facilitate the operation of this Agreement and the correct application of its provisions, and consider other ways to attain its general objectives; ; (b) evaluate the results obtained from the application of this Agreement, in particular the evolution of the trade and economic relations between the Parties; ; (c) supervise the work of all specialised bodies established under this Agreement and recommend any necessary action; ; (d) evaluate and adopt decisions as envisaged in this Agreement regarding any subject matter which is referred to it by the specialised bodies established according to this Agreement; ; (e) oversee the application of Article 105; ; (f) supervise the further development of this Agreement; ; (g) without prejudice to the rights conferred in Title XII (Dispute Settlement) and other provisions of this Agreement, explore the most appropriate way to prevent or solve any difficulty that may arise in relation to issues covered by this Agreement; ; (h) adopt, at its first meeting, the Rules of Procedure and the Code of Conduct for arbitrators referred to in Article 315; ; (i) establish the remuneration and expenses to be paid to arbitrators; ; (j) adopt its own rules of procedure, as well as its meeting schedule and the agenda for its meetings; ; (k) consider any other matter of interest relating to an area covered by this Agreement. 2. The Trade Committee may: : (a) establish and delegate responsibilities to specialised bodies; ; (b) receive or seek information from any interested person; ; (c) agree to the initiation of negotiations, with the aim of deepening the liberalisation already achieved in sectors covered by this Agreement; ; (d) consider any amendment or modification to the provisions of this Agreement, which shall be subject to the completion of the internal legal procedures of each Party; ; (e) adopt interpretations of the provisions of this Agreement [4]Agreement1. Such interpretations shall be taken into consideration by arbitration panels established under Title XII (Dispute Settlement); ; (f) take such other action in the exercise of its functions as the Parties may agree; ; (g) advance in the achievement of the objectives of this Agreement by means of modifications provided for therein, of: : (i) Annex I (Tariff Elimination Schedules), with the aim of adding one or more goods excluded from the tariff elimination schedule of a Party; ; (ii) the time schedules established in Annex I (Tariff Elimination Schedules), with the aim of accelerating tariff reduction; 1 Interpretations adopted by the Trade Committee shall not constitute an amendment or modification to the provisions of this Agreement. (iii) the specific rules of origin established in Annex II (Concerning the Definition of the Concept of "Originating Products" and Methods of Administrative Cooperation); ; (iv) the procuring entities listed in Appendix 1 of Annex XII (Government Procurement); ; (v) the lists of commitments set out in Annexes VII (List of Commitments on Establishment) and Annex VIII (List of Commitments on Cross-Border Supply of Services), and the reservations set out in Annex IX (Reservations Regarding Temporary Presence of Natural Persons for Business Purposes); and and (vi) other provisions subject to modifications by the Trade Committee pursuant to an explicit provision of this Agreement. Each Party shall implement, in accordance with its applicable legal procedures, any modification referred to in this subparagraph. 3. The Trade Committee may examine the impact of this Agreement on the micro, small and medium-sized enterprises (hereinafter referred to as "Micro and SMEs") of the Parties, including any resulting benefits. 4. The Parties shall, to the extent possible, exchange information within the Trade Committee concerning agreements establishing or modifying customs unions or free trade areas and, where requested, on other major issues related to the trade policy of each Party regarding third countries. 5. In the exercise of any of the functions set out in this Article, the Trade Committee may adopt any decision as envisaged in this Agreement.