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Paragraphs in "International Tropical Timber Agreement" coded as FINAD

Label Provision
Art.7 Article 7
Art.7.1 1. The Council shall exercise all such powers and perform or arrange for the performance of all such functions as are necessary to carry out the provisions of this Agreement.
Art.7.2 2. The Council shall, by special vote, adopt such rules and regulations as are necessary to carry out the provisions of this Agreement and as are consistent therewith, including its own rules of procedure and the financial rules and staff regulations of the Organization. Such financial rules shall, inter alia, govern the receipt and expenditure of funds under the Administrative Account, the Special Account and the Bali Partnership Fund. The Council may, in its rules of procedure, provide for a procedure whereby it may, without meeting, decide specific questions.
Art.7.3 3. The Council shall keep such records as are required for the performance of its functions under this Agreement.
Art.8 Article 8
Art.8.1 1. The Council shall elect for each calendar year a Chairman and a Vice Chairman, whose salaries shall not be paid by the Organization.
Art.8.2 2. The Chairman and the Vice-Chairman shall be elected, one from among the representatives of producing members and the other from among the representatives of consuming members. These offices shall alternate each year between the two categories of members, provided, however, that this shall not prohibit the re-election of either or both, under exceptional circumstances, by special vote of the Council.
Art.8.3 3. In the temporary absence of the Chairman, the Vice-Chairman shall act in his place. In the temporary absence of both the Chairman and the Vice Chairman, or in the absence of one or both of them for the rest of the term for which they were elected, the Council may elect new officers from among the representatives of the producing members and/or from among the representatives of the consuming members, as the case may be, on a temporary basis or for the rest of the term for which the predecessor or predecessors were elected.
Art.9 Article 9
Art.9.1 1. As a general rule, the Council shall hold at least one regular session a year.
Art.9.2 2. The Council shall meet in special session whenever it so decides or at the request of:
Art.9.2.a (a) The Executive Director, in agreement with the Chairman of the Council; or
Art.9.2.b (b) A majority of producing members or a majority of consuming members; or
Art.9.2.c (c) Members holding at least 500 votes.
Art.9.3 3. Sessions of the Council shall be held at the headquarters of the Organization unless the Council, by special vote, decides otherwise. If on the invitation of any member the Council meets elsewhere than at the headquarters of the Organization, that member shall pay the additional cost of holding the meeting away from headquarters.
Art.9.4 4. Notice of any sessions and the agenda for such sessions shall be communicated to members by the Executive Director at least six weeks in advance, except in cases of emergency, when notice shall be communicated at least seven days in advance.
Art.18 Article 18
Art.18.1 1. There shall be established:
Art.18.1.a (a) The Administrative Account;
Art.18.1.b (b) The Special Account;
Art.18.1.c (c) The Bali Partnership Fund; and
Art.18.1.d (d) Such other accounts as the Council shall deem appropriate and necessary.
Art.18.2 2. The Executive Director shall be responsible for the administration of these accounts and the Council shall make provision therefor in the financial rules of the Organization.
Art.19 Article 19
Art.19.1 1. The expenses necessary for the administration of this Agreement shall be brought into the Administrative Account and shall be met by annual contributions paid by members in accordance with their respective constitutional or institutional procedures and assessed in accordance with paragraphs 3, 4 and 5 of this article.
Art.19.2 2. The expenses of delegations to the Council, the committees and any other subsidiary bodies of the Council referred to in article 26 shall be met by the members concerned. In cases where a member requests special services from the Organization, the Council shall require that member to pay the costs of such services.
Art.19.3 3. Before the end of each financial year, the Council shall approve the administrative budget of the Organization for the following financial year and shall assess the contribution of each member to that budget.
Art.19.4 4. The contribution of each member to the administrative budget for each financial year shall be in the proportion which the number of its votes at the time the administrative budget for that financial year is approved bears to the total votes of all the members. In assessing contributions, the votes of each member shall be calculated without regard to the suspension of any member's voting rights or any redistribution of votes resulting therefrom.
Art.19.5 5. The initial contribution of any member joining the Organization after the entry into force of this Agreement shall be assessed by the Council on the basis of the number of votes to be held by that member and the period remaining in the current financial year, but the assessment made upon other members from the current financial year shall not thereby be altered.
Art.19.6 6. Contributions to administrative budgets shall become due on the first day of each financial year. Contributions of members in respect of the financial year in which they join the Organization shall be due on the date on which they become members.
Art.19.7 7. If a member has not paid its full contribution to the administrative budget within four months after such contribution becomes due in accordance with paragraph 6 of this article, the Executive Director shall request that member to make payment as quick
Art.19.8 8. A member whose rights have been suspended under paragraph 7 of this article shall remain liable to pay its contribution.
Art.22 Article 22
Art.22.1 1. Contributions to the Administrative Account shall be payable in freely usable currencies and shall be exempt from foreign-exchange restrictions.
Art.22.2 2. Financial contributions to the Special Account and the Bali Partnership Fund shall be payable in freely usable currencies and shall be exempt from foreign-exchange restrictions.
Art.22.3 3. The Council may also decide to accept other forms of contributions to the Special Account or the Bali Partnership Fund, including scientific and technical equipment or personnel, to meet the requirements of approved projects.
Art.23 Article 23
Art.23.1 1. The Council shall appoint independent auditors for the purpose of auditing the accounts of the Organization.
Art.23.2 2. Independently audited statements of the Administrative Account, of the Special Account and of the Bali Partnership Fund shall be made available to members as soon as possible after the close of each financial year, but not later than six months after that date, and be considered for approval by the Council at its next session, as appropriate. A summary of the audited accounts and balance sheet shall thereafter be published.
Art.27 Article 27
Art.27.1 1. The Committee on Economic Information and Market Intelligence shall:
Art.27.1.a (a) Keep under review the availability and quality of statistics and other information required by the Organization;
Art.27.1.b (b) Analyse the statistical data and specific indicators as decided by the Council for the monitoring of international timber trade;
Art.27.1.c (c) Keep under continuous review the international timber market, its current situation and short-term prospects on the basis of the data mentioned in subparagraph (b) above and other relevant information, including information related to undocumented trade;
Art.27.1.d (d) Make recommendations to the Council on the need for, and nature of, appropriate studies on tropical timber, including prices, market elasticity, market substitutability, marketing of new products, and long-term prospects of the international tropical timber market, and monitor and review any studies commissioned by the Council;
Art.27.1.e (e) Carry out any other tasks related to the economic, technical and statistical aspects of timber assigned to it by the Council;
Art.27.1.f (f) Assist in the provision of technical cooperation to developing member countries to improve their relevant statistical services.
Art.27.2 2. The Committee on Reforestation and Forest Management shall:
Art.27.2.a (a) Promote cooperation between members as partners in development of forest activities in member countries, inter alia, in the following areas:
Art.27.2.a.i (i) Reforestation;
Art.27.2.a.ii (ii) Rehabilitation;
Art.27.2.a.iii (iii) Forest management;
Art.27.2.b (b) Encourage the increase of technical assistance and transfer of technology in the fields of reforestation and forest management to developing countries;
Art.27.2.c (c) Follow up on-going activities in this field, and identify and consider problems and possible solutions to them in cooperation with the competent organizations;
Art.27.2.d (d) Review regularly the future needs of international trade in industrial tropical timber and, on this basis, identify and consider appropriate possible schemes and measures in the field of reforestation, rehabilitation and forest management;
Art.27.2.e (e) Facilitate the transfer of knowledge in the field of reforestation and forest management with the assistance of competent organizations;
Art.27.2.f (f) Coordinate and harmonize these activities for cooperation in the field of reforestation and forest management with relevant activities pursued elsewhere, such as those under the auspices of the Food and Agricultural Organization (FAO), the United Nations Environmental Programme (UNEP), the World Bank, the United Nations Development Programme (UNDP), regional development banks and other competent organizations.
Art.27.3 3. The Committee on Forest Industry shall:
Art.27.3.a (a) Promote cooperation between member countries as partners in the development of processing activities in producing member countries, inter alia, in the following areas:
Art.27.3.a.i (i) Product development through transfer of technology;
Art.27.3.a.ii (ii) Human resources development and training;
Art.27.3.a.iii (iii) Standardization of nomenclature of tropical timber;
Art.27.3.a.iv (iv) Harmonization of specifications of processed products;
Art.27.3.a.v (v) Encouragement of investment and joint ventures; and
Art.27.3.a.vi (vi) Marketing including the promotion of lesser known and lesser used species;
Art.27.3.b (b) Promote the exchange of information in order to facilitate structural changes involved in increased and further processing in the interests of all member countries, in particular developing member countries;
Art.27.3.c (c) Follow up on-going activities in this field, and identify and consider problems and possible solutions to them in cooperation with the competent organizations;
Art.27.3.d (d) Encourage the increase of technical cooperation for the processing of tropical timber for the benefit of producing member countries.
Art.27.4 4. In order to promote the policy and project work of the Organization in a balanced manner, the Committee on Economic Information and Market Intelligence, the Committee on Reforestation and Forest Management and the Committee on Forest Industry shall each:
Art.27.4.a (a) Be responsible for ensuring the effective appraisal, monitoring and evaluation of pre-projects and projects;
Art.27.4.b (b) Make recommendations to the Council relating to pre-projects and projects;
Art.27.4.c (c) Follow up the implementation of pre-projects and projects and provide for the collection and dissemination of their results as widely as possible for the benefit of all members;
Art.27.4.d (d) Develop and advance policy ideas to the Council;
Art.27.4.e (e) Review regularly the results of project and policy work and make recommendations to the Council on the future of the Organization's programme;
Art.27.4.f (f) Review regularly the strategies, criteria and priority areas for programme development and project work contained in the Organization's Action Plan and recommend revisions to the Council;
Art.27.4.g (g) Take account of the need to strengthen capacity-building and human resource development in member countries;
Art.27.4.h (h) Carry out any other task related to the objectives of this Agreement assigned to them by the Council.
Art.27.5 5. Research and development shall be a common function of the Committees referred to in paragraphs 1, 2, and 3 of this article.
Art.27.6 6. The Committee on Finance and Administration shall:
Art.27.6.a (a) Examine and make recommendations to the Council regarding the approval of the Organization's administrative budget proposals and the management operations of the Organization;
Art.27.6.b (b) Review the assets of the Organization to ensure prudent asset management and that the Organization has sufficient reserves to carry out its work;
Art.27.6.c (c) Examine and make recommendations to the Council on the budgetary implications of the Organization's annual work programme, and the actions that might be taken to secure the resources needed to implement it;
Art.27.6.d (d) Recommend to the Council the choice of independent auditors and review the independent audited statements;
Art.27.6.e (e) Recommend to the Council any modifications it may judge necessary to the Rules of Procedure or the Financial Rules;
Art.27.6.f (f) Review the Organization's revenues and the extent to which they constrain the work of the Secretariat;
Art.28 Article 28
Art.28.1x The Organization shall take full advantage of the facilities of the Common Fund for Commodities.
Art.43 Article 43
Art.43.1 1. A member may withdraw from this Agreement at any time after the entry into force of this Agreement by giving written notice of withdrawal to the depositary. That member shall simultaneously inform the Council of the action it has taken.
Art.43.2 2. Withdrawal shall become effective 90 days after the notice is received by the depositary.
Art.43.3 3. Financial obligations to the Organization incurred by a member under this Agreement shall not be terminated by its withdrawal.