AGREEMENT in the form of an exchange of letters amending the Agreement between the European Economic Community and the People's Republic of Bangladesh on Trade in Textile Products Initialled in Brussels on 9 October 1992

Letter No 1

Sir,

1. I have the honour to refer to the consultations held in Brussels on 21 and 22 May 1992 between our respective delegations for the purpose of amending the Agreement on trade in textile products between the European Economic Community and the People's Republic of Bangladesh, applied since 1 January 1987, as extended by exchange of letters initialled on 12 December 1991 and applied since 1 January 1992, in order to deal effectively with the problems of circumvention that have arisen in the trade between the Parties.

2. As a result of these consultations, both Parties agree on the introduction, initially for the products of categories 4, 6 and 8, of a double checking system based on export and import licences as described in Protocol A, Titles III, IV and V of the bilateral Agreement, but without quantitative limits. Both Parties agree that in the light of their experience in operating the system its coverage may by mutual consent be altered either to include products of other categories or to exclude products for which the system is no longer considered necessary.

3. Both parties agree that the amendments stemming from this exchange of letters shall enter into force on the day following the date on which the Parties have notified each other that the legal procedures necessary to this end have been completed. It shall remain in force until 31 December 1992.

4. I should be obliged if you would kindly confirm the acceptance of your Government to the foregoing.

5. Please accept, Sir, the assurance of my highest consideration.

For the Council

of the European Communities

Letter No 2

Sir,

I have the honour to acknowledge receipt of your letter of today's date which reads as follows:

'1. I have the honour to refer to the consultations held in Brussels on 21 and 22 May 1992 between our respective delegations for the purpose of amending the Agreement on trade in textile products between the European Economic Community and the People`s Republic of Bangladesh, applied since 1 January 1987, as extended by exchange of letters initialled on 12 December 1991 and applied since 1 January 1992, in order to deal effectively with the problems of circumvention that have arisen in the trade between the Parties.

2. As a result of these consultations, both Parties agree on the introduction, initially for the products of categories 4, 6 and 8, of a double checking system based on export and import licences as described in Protocol A, Titles III, IV and V of the bilateral agreement, but without quantitative limits. Both Parties agree that in the light of their experience in operating the system its coverage may by mutual consent be altered either to include products of other categories or to exclude products for which the system is no longer considered necessary.

3. Both parties agree that the amendments stemming from this exchange of letters shall enter into force on the day following the date on which the Parties have notified each other that the legal procedures necessary to this end have been completed. It shall remain in force until 31 December 1992.

4. I should be obliged if you would kindly confirm the acceptance of your Government ot the foregoing.'

I have the honour to confirm that my Government is in agreement with the contents of your letter.

Please accept, Sir, the assurance of my highest consideration.

For the People's Republic of Bangladesh