Common use of Future Work Program Clause in Contracts

Future Work Program. 1. Unless the Parties otherwise agree, the Parties shall conduct a review of the investment legal framework between them no later than three years after the date of entry into force of this Agreement. 2. The review shall include consideration of this Chapter and the Agreement between the Government of Australia and the Government of the People's Republic of China on the Reciprocal Encouragement and Protection of Investments. 3. Unless the Parties otherwise agree, the Parties shall commence negotiations on a comprehensive Investment Chapter, reflecting outcomes of the review referred to in paragraphs 1 and 2, immediately after such review is completed. The negotiations shall include, but are not limited to, the following: (a) amendments to Articles included in this Chapter; (b) the inclusion of additional Articles in this Chapter, including Articles addressing: (i) Minimum Standard of Treatment; (ii) Expropriation; (iii) Transfers; (iv) Performance Requirements; (v) Senior Management and Board of Directors; (vi) Investment-specific State to State Dispute Settlement; and (vii) The application of investment protections and ISDS to services supplied through commercial presence; and (c) scheduling of investment commitments by China on a negative list basis. 4. Unless the Parties otherwise agree, the negotiations referred to in paragraph 3 shall be concluded and then incorporated into this Agreement in accordance with Article 17.3 (Amendments) of Chapter 17 (Final Provisions).

Future Work Program. 1. Unless the Parties otherwise agree, the Parties shall conduct a review of the investment legal framework between them no later than three years after the date of entry into force of this Agreement. 2. The review shall include consideration of this Chapter and the Agreement between the Government of Australia and the Government of the People's ’s Republic of China on the Reciprocal Encouragement and Protection of Investments. 3. Unless the Parties otherwise agree, the Parties shall commence negotiations on a comprehensive Investment Chapter, reflecting outcomes of the review referred to in paragraphs 1 and 2, immediately after such review is completed. The negotiations shall include, but are not limited to, the following: (a) amendments to Articles included in this Chapter; (b) the inclusion of additional Articles in this Chapter, including Articles addressing: (i) Minimum Standard of Treatment; (ii) Expropriation; (iii) Transfers; (iv) Performance Requirements; (v) Senior Management and Board of Directors; (vi) Investment-specific State to State Dispute Settlement; and (vii) The application of investment protections and ISDS to services supplied through commercial presence; and (c) scheduling of investment commitments by China on a negative list basis. 4. Unless the Parties otherwise agree, the negotiations referred to in paragraph 3 shall be concluded and then incorporated into this Agreement in accordance with Article 17.3 (Amendments) of Chapter 17 (Final Provisions).

Future Work Program. 1. Unless the Parties otherwise agree, the Parties shall conduct a review of the investment legal framework between them no later than three years after the date of entry into force of this Agreement. 2. The review shall include consideration of this Chapter and the Agreement between the Government of Australia and the Government of the People's ’s Republic of China on the Reciprocal Encouragement and Protection of Investments. 3. Unless the Parties otherwise agree, the Parties shall commence negotiations on a comprehensive Investment Chapter, reflecting outcomes of the review referred to in paragraphs 1 and 2, immediately after such review is completed. The negotiations shall include, but are not limited to, the following: (a) amendments to Articles included in this Chapter; (b) the inclusion of additional Articles in this Chapter, including Articles addressing: (i) Minimum Standard of Treatment; (ii) Expropriation; (iii) Transfers; (iv) Performance Requirements; (v) Senior Management and Board of Directors; (vi) Investment-specific State to State Dispute Settlement; and (vii) The application of investment protections and ISDS to services supplied through commercial presence; and (c) scheduling of investment commitments by China on a negative list basis. 4. Unless the Parties otherwise agree, the negotiations referred to in paragraph 3 shall be concluded and then incorporated into this Agreement in accordance with Article 17.3 (Amendments) of Chapter 17 (Final Provisions). Section B: Investor-State Dispute Settlement