The General Assembly
The Treaty of Ísðor on the General Assembly:
The General Assembly is the supreme organ of the Forum of
International Cooperation and Trade. It consists
of the heads of government or ministers of the
Member States. It has as its principal powers,
in addition to such others as are assigned to it
by the Treaty, the following:
a) To decide the general action and policy of the Forum, determine
the structure and functions of
its organs, and consider any matter
relating to friendly relations among the Member
b) To establish measures for coordinating the activities of the
organs, agencies, and entities of the
Forum among themselves;
c) To promote collaboration, especially in the economic,
technological, scientific and cultural fields,
with other international organisations
whose purposes are similar to those of the Forum
International Cooperation and Trade;
d) To approve the program-budget of the Forum and determine the
quotas of the Member States;
e) To adopt general standards to govern the operation of the Office
of the Secretary General of the
Conference of Ambassadors; and
f) To adopt its own rules of procedure and its agenda.
The General Assembly shall exercise its powers in
accordance with the provisions of the Treaty and
of other applicable treaties.
The General Assembly shall establish the bases for fixing
the quota that each Government is to contribute
to the maintenance of the Forum, taking into
account the ability to pay of the respective
Member States and their determination to
contribute in an equitable manner. Decisions on
budgetary matters require the approval of two
thirds of the Member States.
All Member States have the right to be
represented in the General Assembly. Each Member State
has the right to one vote.
The General Assembly shall convene twice a year during the
period determined by the rules of procedure and
at a place selected in accordance with the
principle of rotation. At each regular session
the date and place of the next regular session
shall be determined, in accordance with the
rules of procedure.
If for any reason the General Assembly cannot be held at
the place chosen, it shall meet at the Office of
the Secretary General of the Conference of Ambassadors,
unless one of the Member States should make a
timely offer of a site in its territory, in
which case the General Assembly may agree that it will
meet in that place.
In special circumstances and with the approval
of two thirds of the Member States, a special
session of the General Assembly may be convoked by the
Secretary General of the Conference of Ambassadors.
Decisions of the General Assembly shall be adopted by the
affirmative vote of an absolute majority of the
Member States, except in those cases that
require a two thirds vote as provided in the
Treaty or as may be provided by the General
its rules of procedure.