Common use of The Free Trade Commission Clause in Contracts

The Free Trade Commission. 1. The Parties hereby establish the Free Trade Commission (Commission), comprising representatives of the Parties as follows: (a) in the case of China, the Ministry of Commerce (MOFCOM); and (b) in the case of Chile, the General Directorate of International Economic Affairs (DIRECON). 2. The Commission shall: (a) supervise the implementation of this Agreement; (b) oversee the further elaboration of this Agreement; (c) seek to resolve disputes that may arise regarding the interpretation or application of this Agreement; (d) supervise the work of all committees and working groups established under this Agreement; (e) establish the amounts of remuneration and expenses that will be paid to panelists; and (f) consider any other matter that may affect the operation of this Agreement. 3. The Commission may: (a) establish and delegate responsibilities to committees and working groups; (b) further the implementation of the Agreement’s objectives by approving any modifications of: (i) the Schedules attached to Annex 1, by accelerating tariff elimination, (ii) the Rules of Origin established in Annex 3, and (iii) Annex 5, in the case of Chile, these modifications shall be made in accordance with Annex 8; (c) seek the advice of the public; and (d) take such other action in the exercise of its functions as the Parties may agree. 4. The Commission shall establish its rules and procedures. All decisions of the Commission shall be taken by mutual agreement. 5. The Commission shall convene at least once a year in regular session. Regular sessions of the Commission shall be chaired alternatively by each Party.

The Free Trade Commission. 1. The Parties hereby establish the Free Trade Commission (Commission), comprising representatives of the Parties as followsfol- lows: (a) in the case of China, the Ministry of Commerce (MOFCOM); and (b) in the case of Chile, the General Directorate of International Interna- tional Economic Affairs (DIRECON). 2. The Commission shall: (a) supervise the implementation of this Agreement; (b) oversee the further elaboration of this Agreement; (c) seek to resolve disputes that may arise regarding the interpretation inter- pretation or application of this Agreement; (d) supervise the work of all committees and working groups established under this Agreement; (e) establish the amounts of remuneration and expenses that will be paid to panelists; and (f) consider any other matter that may affect the operation of this Agreement. 3. The Commission may: (a) establish and delegate responsibilities to committees and working groups; (b) further the implementation of the Agreement’s objectives by approving any modifications of: (i) the Schedules attached to Annex 1, by accelerating tariff elimination, (ii) the Rules of Origin established in Annex 3, and (iii) Annex 5, in the case of Chile, these modifications shall be made in accordance with Annex 8; (c) seek the advice of the public; and (d) take such other action in the exercise of its functions as the Parties may agree. 4. The Commission shall establish its rules and procedures. All decisions of the Commission shall be taken by mutual agreement. 5. The Commission shall convene at least once a year in regular regu- lar session. Regular sessions of the Commission shall be chaired alternatively by each Party.