23
PART
IV:
INSTITUTIONAL
AND
OTHER
HORIZONTAL
ARRANGEMENTS
I.
S
TRUCTURE
118.
The future relationship should be based on an overarching institutional framework covering
chapters and linked agreements relating to specific areas of cooperation, while recognising
that the precise legal form of this future relationship will be determined as part of the formal
negotiations. Where appropriate, the Parties may establish specific governance arrangements
in individual areas.
119.
The Parties may also decide that an agreement should sit
outside of the overarching
institutional framework, and in those cases should provide
for appropriate governance
arrangements.
120.
The Parties note that the overarching institutional framework could take the form of an
Association Agreement.
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