Common use of Trade Committee Clause in Contracts

Trade Committee. 1. A Trade Committee is hereby established that is composed of representatives of the Parties. 2. The Trade Committee shall establish its rules of procedures and be co-chaired by a representative of the EC Party and a representative from the Pacific States. The two co-chairs shall alternate in presiding the meetings. Whoever is presiding a meeting shall be considered "presiding co-chair" for the purposes of this Agreement until the moment in time when the next meeting commences and the role of a presiding co- chair shall be assumed by the other Party. 3. The Trade Committee shall deal with all matters necessary for the implementation of this Agreement. 4. In the performance of its functions, the Trade Committee may: (a) set up and oversee any special committees or bodies necessary for the implementation of this Agreement; (b) the Trade Committee will delegate specific implementing decision-making powers to the special committees as provided for in the relevant provisions of the Agreement, in particular the Special Committee on Customs Cooperation and Rules of Origin; (c) meet at any time agreed by the Parties; (d) consider any issues under this Agreement and take appropriate action in the exercise of its functions; and (e) take decisions or make recommendations in cases provided for in this Agreement.