ACIA-Section C

  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.

Related Content

Read More Article 48 – Entry into Force

Article 45 – Annexes, Schedule and Future Instruments

This Agreement shall include the Annexes, the Schedule and the contents therein, which shall form an integral part…

Read More Article 45 – Annexes, Schedule and Future Instruments

Annex 1 – Approval in Writing

Where specific approval in writing is required for covered investments by a Member State’s domestic laws, regulations and…

Read More Annex 1 – Approval in Writing

Article 46 – Amendments

The provisions of this Agreement may be modified through amendments mutually agreed upon in writing by the Member…

Read More Article 46 – Amendments

Comments are closed.

Close Search Window