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Joint Committee

• 1

  An equal joint committee shall be formed from certain elements of the two countries. The joint committee shall determine the technical specifications of the projects mentioned in Article 8 and determine the total time and time limits for the implementation of the projects, within the cash flows mentioned in the same article.
• 2

  The Libyan State is committed, on the basis of special understandings to deal with Italian companies, to ensure the implementation of the projects at the prices agreed upon between the two parties.
• 3

  The achievement and proper functioning of these understandings is an essential element in creating a strong Libyan-Italian partnership in the economic, commercial, industrial and other sectors, in order to achieve the above objectives in a spirit of cooperation and friendship.

• 4

  The Joint Committee shall be responsible for verifying the conduct of the obligations under Article 8 and this Article and shall prepare a periodic oral record recording the objectives achieved and those to be achieved in relation to the commitments undertaken by the Contracting Parties.

• 5

  The Joint Committee shall determine, on a proposal by the Libyan side, the works, projects and investments mentioned in paragraph 2, indicating the times and the ways of attribution and implementation of each.

• 6

  The Joint Commission is important in verifying the conduct of the commitment. The Joint Commission shall inform the foreign affairs sectors of the parties of any breach that may arise, drawing up technical proposals for solutions.