Division AGREED MINUTE

During consultations held between delegations from the Republic of the Philippines and the Commission of the European Communities, the two parties agreed that the provisions of their bilateral Agreement on trade in textile products, initialled on 28 June 1986, as last modified by the Exchange of Letters initialled on 27 November 1994, listed in the Annex to this Agreed Minute, shall continue to govern their trade relations in the textile sector.

As a consequence, these provisions shall be notified to the Textiles Monitoring Body (TMB) as constituting the basis of their administrative arrangements within the meaning of Article 2 (17) of the Uruguay Round Agreement on Textiles and Clothing.

For the Republic of the Philippines

For the European Community