of the Commission of the European Communities and has the honour to refer to the note verbale of the Directorate-General of (date of note verbale) regarding the Agreement on trade in textile products between the Republic of Korea and the European Economic Community initialled on 7 August 1986, as amended and extended by the exchange of letters initialled on 18 December 1992 and to the modifications contained in the Agreement in the form of an exchange of letters initialled on 22 December 1994.The Mission of the Republic of Korea to the European Communities wishes to confirm to the Directorate-General that whilst awaiting the completion of the necessary procedures for the conclusion and coming into force of the amended Agreement, the Government of the Republic of Korea is prepared to apply de facto, from 1 January 1995, the modifications contained in the Agreement in the form of an exchange of letters initialled on 22 December 1994. This is on the understanding that either Party may at any time terminate this de facto application of the amended Agreement provided that one hundred and twenty days notice is given.The Mission of the Republic of Korea to the European Communities avails itself of this opportunity to renew to the Directorate-General for External Economic Relations of the Commission of the European Communities the assurance of its highest consideration.AGREED MINUTE On carry over from acceding countries 1. During the consultations held between the Republic of Korea and the European Community concerning enlargement of the European Union, the two Parties agreed that provided that they are notified by 28 February 1995 at the latest, quantities within the quantitative limits existing in 1994 in any of the acceding countries that have remained unused in 1994 may be the object of an exceptional carry-over to the corresponding 1995 Community quantitative limits, following consultations in accordance with the procedure referred to in Article 16 (1) of the Agreement.2. The quantities carried over in each category shall not exceed 7 % of the quantitative limit from which the carry-over is requested.3. The transposition into EU categories shall be made according to the enlargement methodology already used by the European Community in the apportioning of the textile quotas of acceding countries to the appropriate EU quotas.