Attachment
United Kingdom
DRAFT
DECISION No … OF THE EU-KOREA TRADE COMMITTEE
of
on the establishment of a list of arbitrators referred to in Article 14.18 of the Free Trade Agreement between the European Union and its Member States, of the one part, and the Republic of Korea, of the other part
THE TRADE COMMITTEE,
Having regard to the Free Trade Agreement between the European Union and its Member States, of the one part, and the Republic of Korea, of the other part, signed in Brussels on 6 October 2010 (‘the Parties’ and ‘the Agreement’), and in particular Article 14.18 thereof,
Whereas:
(1)
The Agreement provides for a dispute settlement mechanism whereby disputes are solved through recourse to a panel of arbitrators.
(2)
In the event of a dispute, the Parties shall consult in order to reach an agreement on the composition of the arbitration panel and, failing this agreement, the panel shall be composed by drawing lots from a list of names.
(3)
Such list of names shall be established by the Trade Committee in accordance with Article 14.18 of the Agreement.
(4)
The Parties have agreed on a list of 15 names,
HAS ADOPTED THIS DECISION:
Done at …, …
For the Trade Committee
Minister for Trade of the Republic of Korea
Kim Jong-Hoon
Commissioner for Trade of the European Commission
Karel De Gucht