DRAFT
THE COMMITTEE ON CULTURAL COOPERATION,
Having regard to the Protocol on Cultural Cooperation 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, and in particular Article 3bis thereof,
Whereas:
(1) Article 3bis of the Protocol on cultural cooperation (‘the Protocol’) provides for a dispute settlement set out in Chapter Fourteen 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, 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.
(3) If the Parties are unable to agree on the composition of the arbitration panel, the composition shall be determined through selection by lot from the list established in accordance with point (c) of Article 3bis of the Protocol.
(4) The Parties have agreed on a list of 15 arbitrators,
HAS ADOPTED THIS DECISION:
The list of 15 arbitrators is hereby established in accordance with point (c) of Article 3bis of the Protocol. The list is set out in the Annex to this Decision.
This Decision shall enter into force on the date of its adoption.
Done at … on …
For the Committee on Cultural Cooperation
First Vice-Minister
Ministry for Culture, Sports and Tourism of the Republic of Korea
Director-General of the Directorate General for Education and Culture
European Commission