|Free Trade Area of the Americas - FTAA
FREE TRADE AREA OF THE AMERICAS
B. Its objective will be to draft a proposal for an overall architecture of an FTAA Agreement (general and institutional aspects), with submissions of regular reports to the Trade Negotiations Committee before each Viceministerial meeting, including recommendations on the issues on which delegations have reached consensus. Priority will be given to addressing those issues which must be resolved for the work of the Negotiating Groups.
C. The Technical Committee on Institutional Issues will submit a proposal for a Work Program for consideration by the Trade Negotiations Committee at its next meeting.
D. The draft architecture will include a proposed text and recommendations on substantive issues, including but not limited to:
1) General provisions.E. The draft architecture will include recommendations on the institutions required to implement the FTAA Agreement, including, but not limited to:
a. Political Body: responsible for the political guidance of the process.In drafting these recommendations, the Technical Committee on Institutional Issues will take into account any proposal submitted by the Negotiating Groups regarding the institutional bodies deemed necessary for the operation of the Dispute Settlement Mechanism envisaged in the FTAA Agreement.
F. The proposal of the Technical Committee on Institutional Issues will include proposals on the funding mechanisms, the administrative rules and the implications for human resources for the functioning of the institutional structure of the FTAA Agreement.
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