g. The Committee noted Malaysia’s concern that the Agreement may not be effectively implemented without appropriately addressing the issue of D-8 PTA Rules of Origin for some products.
h. Following exchange of views on the establishment of the “Arbitration Panel” (Article 26), Turkey expressed readiness to prepare the initial draft on the composition and procedure of the Panel, within two months, to be distributed, by the Secretariat, among the member countries.
i. Turkey was elected as the chairperson of the Supervisory Committee for the next 2 years.
j. Nigeria and Turkey proposed to host the second meeting of Supervisory Committee – the date of which will be determined and communicated through diplomatic channels.
2nd Meeting of the Supervisory Committee of the Preferential Trade Agreement Among D-8 Member States (29 March 2013 Ankara–Turkey)
These are the following important outcomes during the Meeting:
-The cut-off date of the first installment of tariff reduction
The Meeting agreed to set a new cut-off date as 1st August 2013 for the implementation of first installment, by the Contracting Parties.
-Exchange of views on the transposition of Harmonized System (HS)Code 2007 to HS Code 2012
The Meeting concluded that all Contracting Parties are requested to submit to the Secretariat their offer lists, on transposed HS Code 2012 format, before 1st August 2013.
-Discussion on the draft "Dispute Settlement" Document
An ad hoc Working Group was established by the Supervisory Committee to discuss and subsequently draft a Disputer Settlement Protocol to have a simple facilitative mechanism. The Working Group further agreed to continue their work intersessionally.
-At the 1st Trade Ministers Council Meeting (24-25 June 2013, Abuja – Nigeria), Member States endorsed 1 November 2013 as the new cut-off date for the implementation of first installment of tariff reductions, by the Contracting Parties. In addition, it was agreed that Member States should submit their Revised Offer Lists (transposed to HS Code 2012) to the Secretariat. As of to date, Indonesia, Malaysia, Nigeria, Pakistan, and Turkey have submitted their lists.
3rd Meeting of the Supervisory Committee of the Preferential Trade Agreement Among D-8 Member States (09-10 April 2014 Ankara–Turkey)
-The Meeting decided that the ad-hoc Working Group should continue its discussion on the consolidated draft Dispute Settlement document with the objective to finalize it, latest during the Senior Officials Meeting, which will be held before the Second Trade Ministers’ Council Meeting.