AGREEMENT in the form of an exchange of letters amending the Agreement between the European Economic Community and Macao on trade in textile productsLetter N° 1 Sir, 1. I have the honour to refer to the consultations held on 26 to 27 November 1992 between our respective delegations for the purpose of amending the Agreement on trade in textile products between the European Economic Community and Macao applied since 1 January 1987, as extended by the exchange of letters applied since 1 January 1992 (hereinafter 'the Agreement`). 2. As a result of these consultations, both Parties agreed to amend the following provisions of the Agreement: 2.1. Annex I, Annex II and the Annex to Protocol E which set out the products covered by the Agreement, the quantitative restrictions for exports and the OPT operations respectively, from Macao to the European Economic Community, are replaced for the period 1 January 1993 to 31 December 1994 by Appendix 1, Appendix 2 and Appendix 3 to this letter, respectively. 2.2. Article 8 (6) and Protocol C to the Agreement are deleted. 2.3. Article 9 (2) is replaced by the following: 'The information referred to in paragraph 1 shall, for all categories of products, be forwarded before the end of the month following the month to which the statistics relate.`2.4. Article 12 (1) and (2) are replaced by the following: '1. The quantitative limits established under this Agreement on imports into the Community of textile products of Macao origin will not be broken down by the Community into regional shares. 2. The Parties shall cooperate in order to prevent sudden and prejudicial changes in traditional trade flows resulting in regional concentration of direct imports into the Community. 3. Macao shall monitor its exports of products under restraint or surveillance into the Community. Should a sudden and prejudicial change in traditional trade flows arise, the Community will be entitled to request consultations in order to find a satisfactory solution to those problems. Such consultations must be held within 15 working days of their being requested by the Community. 4. Macao shall endeavour to ensure that exports of textile products subject to quantitative limits into the Communtiy are spaced out as evenly as possible over the year due account being taken in particular of seasonal factors.`2.5. Article 14 and all references to this Article in the Agreement are deleted. 2.6. The following is added at the beginning of Article 16 (1): '1. Save where it is otherwise provided for in this Agreement, . . .`2.7. The second sentence of Article 18 (1) is replaced by the following: 'It shall be applicable until 31 December 1994. Thereafter, the application of all the provisions of this Agreement shall be extended automatically for a period of one more year up to 31 December 1995, unless either Party notifies the other at least six months before 31 December 1994 that it does not agree with this extension. However, if the Agreement on trade in textiles and clothing products resulting from the Uruguay Round GATT trade negotiations is concluded and enters into force at an earlier date, this Agreement shall be automatically terminated as of the date agreed for the implementation of the results of the Uruguay Round GATT trade negotiations.`2.8. The first sentence of Article 7 (1) of Protocol A is replaced by the following: '1. The export licence shall conform to the model annexed to this Protocol and it shall be valid for exports throughout the customs territory to which the Treaty establishing the European Economic Community is applied. However, where the Community has made recourse to the provisions of Article 8 in accordance with the provisions of Agreed Minute No 1, or to Agreed Minute No 2, the textile products covered by the export licences can only be put into free circulation in the region(s) of the Community indicated in those licences.`2.9. The second indent of Article 12 (1) of Protocol A to the Agreement is replaced by the following: 'The import authorizations shall be valid for six months from the date of their issue for imports throughout the customs territory to which the Treaty establishing the European Economic Community is applied. However, where the Community has recourse to the provisions of Article 8 in accordance with the provisions of Agreed Minute No 1, or to Agreed Minute No 2, the products covered by the import licences can only be put into free circulation in the regions(s) of the Community indicated in those licences.`2.10. The second and fifth indents of Article 14 (2) of Protocol A are replaced by the following: '- two letters identifying the intended Member State of customs clearance as follows: BL = Benelux, DE = Germany, DG = Denmark, EL = Greece, ES = Spain, FR = France, GB = United Kingdom, IE = Ireland, IT = Italy, PT = Portugal`, '-