application of the formula set out in paragraph 2 , and gave agreement year, it may request with a view to avoidingrise to the request for consultation or 25% of the level palpable damage to domestic industry the opening ofresulting from the application of the formula set out in consultations in accordance with the provisions described inparagraph 2 , whichever is the higher . Article 17 with a view to reaching agreement on :4. Should the Parties be unable in the course of — the suspension , wholly or in part , of the provisions of Article 7 , orconsultations to reach a satisfactory solution within theperiod specified in Article 17 , the Community shall have the — a modification of the quantitative limit set out in Annex IIright to introduce a definitive quantitative limit at an annual by the establishment of an ad hoc limit below the existinglevel not lower than the level resulting from the application of quantitative limit ,the formula set out in paragraph 2 , or 106 % of the level ofimports reached during the calendar year preceding that in as well as the corresponding equitable and quantifiable compensation .which imports exceeded the level resulting from theapplication of the formula set out in paragraphs and gave 2. The Community shall authorize the importation ofrise to the request for consultations , whichever is the products of the said category shipped from the Philippineshigher . before the date on which the request for consultations was submitted .The annual level so fixed shall be revised upwards afterconsultations in accordance with the procedure referred to in Pending a mutally satisfactory solution , the PhilippinesArticle 17 , with a view to fulfilling the conditions set out undertakes for a period of one month from the date ofin paragraph 2 , should the trend of total imports into notification of the request for consultations , to restrainthe Community of the product in question make this exports of the products in the category concerned to thenecessary . Community or to the region or regions of the Community