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

Letter No 1

Sir,

1. I have the honour to refer to the consultations held on 12 December 1991 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, initialled on 16 July 1986 and applied since 1 January 1987.

2. As a result of these consultations, both Parties agreed to amend Article 18 (1) and Protocol E of the above Agreement so as to extend the period of application of all the provisions of the Agreement for one more year, i.e. until 31 December 1992.

3. The Parties also agreed that as regards Article 14 (3) of the Agreement, the percentage of inter-regional transfers for the year 1992 is fixed at 40 %.

It is understood that if as a result of the application of the above percentage serious difficulties, following significant changes in the pattern of trade, occur in certain regions of the Community, both Parties shall hold consultations without delay with a view to reviewing the situation.

4. Both Parties agreed that this extension of the Agreement shall enter into force on 1 January 1992 and shall remain in force until 31 December 1992. The Parties agreed that this Agreement shall be applied provisionally from 1 January 1992.

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

6. 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 12 December 1991, which reads as follows:

'1. I have the honour to refer to the consultations held on 12 December 1991 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, initialled on 16 July 1986 and applied since 1 January 1987.

2. As a result of these consultations, both Parties agreed to amend Article 18 (1) and Protocol E of the above Agreement so as to extend the period of application of all the provisions of the Agreement for one more year, i.e. until 31 December 1992.

3. The Parties also agreed that as regards Article 14 (3) of the Agreement, the percentage of inter-regional transfers for the year 1992 is fixed at 40 %.

It is understood that if as a result of the application of the above percentage serious difficulties, following significant changes in the pattern of trade, occur in certain regions of the Community, both Parties shall hold consultations without delay with a view to reviewing the situation.

4. Both Parties agreed that this extension of the Agreement shall enter into force on 1 January 1992 and shall remain in force until 31 December 1992. The Parties agreed that this Agreement shall be applied provisionally from 1 January 1992.

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

People's Republic of Bangladesh

Exchange of notes

The Directorate-General for External Relations of the Commission of the European Communities presents its compliments to the Mission of the People's Republic of Bangladesh to the European Communities and has the honour to refer to the Agreement in textile products between Bangladesh and the Community initialled on 16 July 1986 and applied since 1 January 1987, as extended by the exchange of letters initialled on 12 December 1991.

The Directorate-General wishes to confirm to the Mission of the People's Republic of Bangladesh that whilst awaiting the completion of the necessary procedures for the conclusion and the coming into force of the extended Agreement, the Community is prepared to allow the provisions of the Agreement to apply de facto from 1 January 1992. This is on the understanding that either Party may at any time terminate this de facto application of the extended Agreement provided that 90 days' notice is given.

The Directorate-General for External Relations would be grateful if the Mission of the People's Republic of Bangladesh would confirm its agreement to the foregoing.

The Directorate-General for External Relations avails itself of this opportunity to renew to the Mission of the People's Republic of Bangladesh to the European Communities the assurance of its highest consideration.

Exchange of notes

The Mission of the People's Republic of Bangladesh to the European Communities presents its compliments to the Directorate-General for External Relations of the Commission of the European Communities and has the honour to refer to the Agreement in textile products negotiated between Bangladesh and the Community, initialled on 16 July 1986 and applied since 1 January 1987, as extended by the exchange of letters initialled on 12 December 1991.

The Mission wishes to inform the Directorate-General that whilst awaiting the completion of the necessary procedures for the conclusion and the coming into force of the extended Agreement, the Government of the People's Republic of Bangladesh is prepared to allow the provisions of the extended Agreement to apply de facto from 1 January 1992 if the Community is disposed to do likewise. This is on the understanding that either Party may at any time terminate this de facto application of the extended Agreement provided that 90 days' notice is given.

The Mission of the Republic of Bangladesh to the European Communities avails itself of this opportunity to renew to the Directorate-General for External Relations the assurance of its highest consideration.