Common use of Article Five Clause in Contracts

Article Five. The role of the Council shall be to consult on specific trade- and investment-related issues of special interest to the Parties. The Council shall also be responsible for identifying and working towards the removal of impediments to trade and investment, and to coordinate, as necessary, the Parties’ efforts in fora dealing with subjects of mutual interest, such as the WTO. Each Party may raise for consultation in the Council any bilateral trade or investment matter. Requests for consultation shall be accompanied by a written explanation of the subject to be discussed. Council consultations shall be held within no more than six months of the date on which the request is submitted, unless the Parties decide otherwise. With regard to matters concerning the jurisdiction of the Council, each Party may request, whenever it deems it useful to do so, the views of civil society in the areas of business, labor, consumer affairs, environmental protection, and education.