Republic of Bangladesh and the Community applied since 1 January 1987, as extended by the exchange of letters initialled on 12 December 1991 and as further extended by the exchange of letters of 17 December 1992. The Directorate-General wishes to inform the Mission of the People's Republic of Bangladesh that the Community has decided to apply, starting from 1 January 1993, the provisions of paragraph 1 of Agreed Minute No 2 to the exchange of letters initialled on 17 December 1992. Consequently, the corresponding provisions of Articles 7 and 12 of Protocol A to the Agreement shall also be applied as of the above date. 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. Appendix 5 Agreed Minute N° 3In the context of the Agreement between the European Economic Community and the People's Republic of Bangladesh on trade in textile and clothing products, applied since 1 January 1987, as extended by the exchange of letters initialled on 15 December 1991 and further extended by the exchange of letters initialled on 17 December 1992, Bangladesh agreed that, form the date of request for and pending the consultations referred to in Article 12 (3), it shall cooperate by not issuing export licences that would further aggravate the problems resulting from the regional concentration of direct imports into the Community. For the Governmentof the People's Republic of BangladeshFor the Councilof the European CommunitiesExchange 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 on textile products between the People's Republic of Bangladesh and the Community applied since 1 January 1987, as extended by the exchange of letters initialled on 12 December 1991 and as further extended by the exchange of letters initialled on 17 December 1992. The Directorate-General wishes to inform 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 1993. This is on the understanding that either Party may at any time terminate this de facto application of the extended Agreement provided that 120 days' notice is given. The Directorate-General for External Relations would be grateful if the Mission 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. Letter N° 2 Sir, I have the honour to acknowledge receipt of your letter of 17 December 1992, which reads as follows: 'Sir, 1. I have the honour to refer to the consultations held on 17 December 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 the exchange of letters applied since 1 January 1992 and as further amended by the exchange initialled on 9 October 1992 (hereinafter "the Agreement"). 2. As a result of these consultations, both Parties agreed to amend the following provisions of the Agreement: 2.1. The Annex to the Agreement which set out the products concerned by the Agreement is replaced for the period 1 January 1993 to 31 December 1994 by Appendix 1. 2.2. Article 8 (6) and Protocol C to the Agreement are deleted. 2.3. The first indent of Article 9 (1) is replaced by the following: "Bangladesh undertakes to supply the Community with precise statistical information on all export licences issued by the Bangladeshi authorities for all categories of textile products subject to quantitative limits established under Article 8 or to a double-checking system of surveillance without quantitative limits as well as on all certificates issued by the Bangladesh authorities for all products referred to in Article 5 and subject to the provisions of Protocol B."2.4. 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."2.5. 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 Bangladeshi 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. Bangladesh 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