plus the level of exports provided for during the consultation period under paragraph 2 , whichever is the 2. The information referred to in paragraph 1 shall , for higher . all categories of products , be transmitted before the end of the second month following the quarter to which the In the event that the provisions of this paragraph are applied statistics relate . the Community undertakes to maintain an offer of equitable and quantifiable compensation . 3. The Republic of Korea also undertakes to supply the The application of the measures provided for in this Community with available statistical information on all paragraph is limited to the year in which the measures are textile exports by country of destination . taken . The Community shall transmit to the Republic of Korea 5. The provisions of paragraph 1 shall not apply to a authorities import statistics for all products covered by the given category unless the quantitative limits established in system of administrative control referred to in Article 7 ( 2 ) Annex II for the Community for that category represent at and for products covered by Article 3 ( 2 ). least 1 % of total Community imports during 1980 . 4. The information referred to in paragraph 3 shall , for 6. The provisions of paragraph 1 shall not apply to a all categories of products , be transmitted before the end of given category unless the level of imports originating in the the third month following the quarter to which the statistics Republic of Korea during the current Agreement year relate . represent at least 50% of the quantitative limit set out in Annex II for that category in the Community as a whole or in any region or regions of the Community concerned . 5. Should it be found on analysis of the information exchanged that there are significant discrepancies between 7. Any limit modified in accordance with the provisions the returns for exports and those for imports , consultations of paragraph 1 or 4 may in no case be lower than the level of may be initiated in accordance with the procedure specified