Schedule ANNEX L AGREED MINUTE

The two Parties reviewed the state of implementation of the Protocol of Understanding concerning access to the Vietnamese market for products of the textile and clothing sector originating in the European Community attached to the agreement initialled on 1 August 1995. In particular, the Community delegation noted that the competent authorities of Vietnam had established a tariff reduction schedule pursuant to paragraph 4 of the said Protocol of Understanding with regard to the priority products listed in Annex II to the Protocol and that tariff reductions according to the schedule had been implemented for 1996 and 1997.

The delegation of Vietnam informed the Community delegation that a decision on tariff reductions for the years 1998, 1999, 2000 and 2001 had been taken on 5 November 1997 and confirmed that the progressive and irrevocable tariff reduction schedule will proceed as provided by the said Protocol.