Common use of Joint Committee on Investment Clause in Contracts

Joint Committee on Investment. 1. The Contracting Parties shall establish a Joint Committee on Investment (hereinafter referred to as “the Committee”) with a view to accomplishing the objectives of this Agreement. The functions of the Committee shall be: (a) to exchange information on and to discuss investment-related matters within the scope of this Agreement which relate to improvement of investment environment; and (b) to discuss any other investment-related matters concerning this Agreement. 2. The Committee may, as necessary, make appropriate recommendations by consensus to the Contracting Parties for the more effective functioning or the attainment of the objectives of this Agreement. 3. The Committee shall be composed of representatives of the Contracting Parties. The Committee may, upon mutual consent of the Contracting Parties, invite representatives of relevant entities other than the Governments of the Contracting Parties with the necessary expertise relevant to the issues to be discussed, and hold joint meetings with the private sectors. 4. The Committee shall determine its own rules of procedure to carry out its functions. 5. The Committee may establish sub-committees and delegate specific tasks to such sub-committees. 6. The Committee shall meet upon the request of either Contracting Party.

Joint Committee on Investment. 1. The Contracting Parties shall establish a Joint Committee on Investment (hereinafter referred to as “"the Committee”") with a view to accomplishing the objectives of this Agreement. The functions of the Committee shall be: (a) to exchange information on and to discuss investment-related matters within the scope of this Agreement which relate to improvement of investment environment; and (b) to discuss any other investment-related matters concerning this Agreement. 2. The Committee may, as necessary, make appropriate recommendations by consensus to the Contracting Parties for the more effective functioning or the attainment of the objectives of this Agreement. 3. The Committee shall be composed of representatives of the Contracting Parties. The Committee may, upon mutual consent of the Contracting Parties, invite representatives of relevant entities other than the Governments of the Contracting Parties with the necessary expertise relevant to the issues to be discussed, and hold joint meetings with the private sectors. 4. The Committee shall determine its own rules of procedure to carry out its functions. 5. The Committee may establish sub-committees and delegate specific tasks to such sub-committees. 6. The Committee shall meet upon the request of either Contracting Party.