Mandate:    -   Paragraph 12 of the Report by the Preparatory Committee

-   Council Decision regarding a Sunset Clause for all Committees [C/M(2004)5, item 75] entered into force on 22 April 2004 [C/M(2004)10, item 143, IV, c)]

-   Resolution of the Council concerning the Renewal of the Mandate of the Economic Policy Committee [C(2008)21] approved at its 1171st session held on 17th April 2008 [C/M(2008)7].

Extract of Council Summary Record [C/M(2008)7]

“89.   …

   THE COUNCIL

   …

c)   agreed to renew the mandate of the Economic Policy Committee as set out in Annex II to document C(2008)21 for a period of 5 years until 2013;”

Extract of Annex II to document C(2008)21

“12.   It is further recommended that the mandate of the Economic Policy Committee should be as follows:

a)   The Economic Policy Committee will keep under review the economic and financial situation and policies of Member countries with a view to attaining the objectives of the Convention.

b)   In reviewing the economic policy of Member countries, the Committee will pay special attention to the international effects of national policies in the light of the increasing interdependence of their economies and of the recognition that efforts of individual countries will be influenced by the actions of others, with a view to establishing a climate of mutual understanding conducive to the harmonious adjustment of policies.”