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ARTICLE III
Joint Committee
(1) A Joint Committee shall be established which shall start to function upon the entry into force of this Agreement and which shall be composed of a representative of the United States of America and of the Republic of Panama at the level and rank to be agreed upon by both Governments, and who may have one or more deputies, on a parity basis.
(2) The Joint Committee shall perform the functions specifically indicated by the provisions of this Agreement, and others entrusted to it by both Governments concerning the implementation of this Agreement.
(3) The Joint Committee shall determine its rules of procedure
within the spirit of this Agreement and may designate the subcommittees it may deem necessary for the fulfillment of its functions.
(4) The Joint Committee shall be organized in such a manner
that it may meet promptly and at any time upon request of the representative of the United States or of the Republic of Panama. The Joint Committee shall send a monthly report on its activities to the Governments of the United States and the Republic of Panama.
(5) The Joint Committee shall refer to the two Governments, for their consideration through appropriate channels, any matters which it has not been able to resolve.

TIAS 10032