Common use of Joint Committee on Investment Clause in Contracts

Joint Committee on Investment. 1. The Parties hereby establish a Joint Committee on Investments (hereinafter: "the Committee"), composed of representatives of each Party and headed by senior officials of each Party. 2. Unless otherwise agreed by the Parties the committee shall meet on the request of either Party at any time as requested. 3. The functions of the Committee shall include: (a) a general review of this Agreement with a view to furthering its objectives; (b) to discuss and review the implementation and operation of this Agreement; (c) to review the non-conforming measures maintained, amended or modified for the purpose of contributing to the reduction or elimination of such non-conforming measures; (d) to exchange information on and to discuss investment-related matters within the scope of this Agreement which relate to improvement of investment environment; (e) to consider any issues raised by either Party concerning investment agreements; (f) review the possibility of further facilitation of investment between the Parties; (g) evaluation of the results obtained from the application of this Agreement and consideration of any other issues or matters related to the implementation of this Agreement including solving problems, obstacles and dispute resolution before its submission to arbitration; and (h) To exchange information on both Parties' legislation as well as internal regulations and procedures, regarding the possibility of obtaining entry visas to their respective countries for investors and discussion of any issues which may arise related to such. 4. The Committee may, as necessary, make appropriate recommendations by consensus to the Parties for the more effective functioning or the attainment of the objectives of this Agreement. 5. The Committee may, upon mutual consent of the Parties, invite representatives of relevant entities other than the Governments of the Parties with the necessary expertise relevant to the issues to be discussed, and hold joint meetings with the private sectors. 6. The Committee may establish sub-committees and delegate specific tasks to such sub-committees. 7. The Committee shall discuss any issues regarding the implementation and interpretation of this Agreement.

Joint Committee on Investment. 1. The Parties hereby establish a Joint Committee on Investments (hereinafter: "the Committee"), composed of representatives of each Party and headed by senior officials of each Party. 2. Unless otherwise agreed by the Parties the committee shall meet on the request of either Party at any time as requested. 3. The functions of the Committee shall include: (a) a general review of this Agreement with a view to furthering its objectives; (b) to discuss and review the implementation and operation of this Agreement; (c) to review the non-conforming measures maintained, amended or modified for the purpose of contributing to the reduction or elimination of such non-non- conforming measures; (d) to exchange information on and to discuss investment-related matters within the scope of this Agreement which relate to improvement of investment environment; (e) to consider any issues raised by either Party concerning investment agreements; (f) review the possibility of further facilitation of investment between the Parties; (g) evaluation of the results obtained from the application of this Agreement and consideration of any other issues or matters related to the implementation of this Agreement including solving problems, obstacles and dispute resolution before its submission to arbitration; and (h) To exchange information on both Parties' legislation as well as internal regulations and procedures, regarding the possibility of obtaining entry visas to their respective countries for investors and discussion of any issues which may arise related to such. 4. The Committee may, as necessary, make appropriate recommendations by consensus to the Parties for the more effective functioning or the attainment of the objectives of this Agreement. 5. The Committee may, upon mutual consent of the Parties, invite representatives of relevant entities other than the Governments of the Parties with the necessary expertise relevant to the issues to be discussed, and hold joint meetings with the private sectors. 6. The Committee may establish sub-committees and delegate specific tasks to such sub-committees. 7. The Committee shall discuss any issues regarding the implementation and interpretation of this Agreement.