1. The AIA Council, as established by the AEM under the AIA Agreement, shall be responsible for the implementation of this Agreement.

2. The ASEAN Coordinating Committee on Investment (“CCI”) as established by the AIA Council and comprising senior officials responsible for investment and other senior officials from relevant government agencies, shall assist the AIA Council in the performance of its functions. The CCI shall report to the AIA Council through the Senior Economic Officials Meeting (“SEOM”). The ASEAN Secretariat shall be the secretariat for the AIA Council and the CCI.

3. The functions of the AIA Council shall be to:

(a) provide policy guidance on global and regional investment matters concerning promotion, facilitation, protection, and liberalisation;

(b) oversee, coordinate and review the implementation of this Agreement;

(c) update the AEM on the implementation and operation of this Agreement;

(d) consider and recommend to the AEM any amendments to this Agreement;

(e) facilitate the avoidance and settlement of disputes arising from this Agreement;

(f) supervise and coordinate the work of the CCI;

(g) adopt any necessary decisions; and 

(h) carry out any other functions as the AEM may agree.