Peer Reviewing Clause Samples

Peer Reviewing. The peer review process will be part of the agenda for every CCI meeting, which will involve the following: i. Submission of internal written reports by all AMS on the progress made, if any, on the respective country implementation of this modality, with a brief presentation of overall economic situation/investment climate, especially policy context of the elimination and improvements to enable a better understanding of the rationale behind the progress made. ii. Discussion on any new reservations in relation to (a) new and emerging sectors, sub-sectors, industries, products or activities; or (b) existing sectors, sub-sectors, industries, products, or activities; which were unregulated at the time of submission of the original reservation lists. iii. Discussion and clarification with the view to further eliminate/improve investment impediments and restrictions. b. Any amendments to the ACIA Reservation Lists as a result of the CCI Peer Review process will be subject to the Article 10 (Modification of Commitments) of the ACIA. The Governments of Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, the Lao People's Democratic Republic, Malaysia, the Republic of the Union of Myanmar, the Republic of the Philippines, the Republic of Singapore, the Kingdom of Thailand, and the Socialist Republic of Viet Nam, Member States of the Association of Southeast Asian Nations ("ASEAN"), hereinafter collectively referred to as "Member States" or singularly as "Member State'; RECALLING the ASEAN Comprehensive — Investment Agreement (hereinafter referred to as the "ACIA") signed on 26 February 2009 which aims to create a free and open investment regime in ASEAN in order to achieve the end goal of economic integration under the ASEAN Economic Community (AEC) in accordance with the AEC Blueprint; RECOGNISING the need to provide clarity to Article 9 (Reservations) and Article 10 (Modification of Commitments) of the ACIA and to adopt an efficient mechanism to effect any changes in each Member State's reservation list following subsequent amendments or modifications; and NOTING that Article 46 (Amendments) of the ACIA provides that the provisions of the ACIA may be modified through amendments mutually agreed upon in writing by the Member States, HAVE AGREED AS FOLLOWS: