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1 The Fruit Trade Conference between Taipei Mission in Korea andKorean Mission in Taipei was held in Seoul, on May 30-JUNE 2, 1994. It was presided over jointly by Mr. Chang, Shaw-Jiun, ChiefDelegate of the delegation of Taipei Mission in Korea and Mr. K-ang, Gwang-won, Chief Delegate of the delegation of Korean Miss-ion in Taipei.The conference was conducted in a cordial atmosphere based on t-he friendly relations between both sides. At the end of the con-ference, the two sides mutually agreed as follows:1.Countertrade in 1994-1995Both sides mutually agreed on the countertrade to promote thefruit trade between the two sides and decided the details asfollows;(1) The Korean side would export 5,500 metric tons of Fuji appl-es and 2,000 metric tons of pears to the Taipei side, and T-aipei side would export 12,000 metric tons of bananas, 2,800metric tons of garlics, 5,000 metric tons of onions, 750 me-tric tons of litchies and 600 metric tons of ponkans to theKorean side. Quantities of each commodity shall be allocatedaccording to the crop condition of both sides. Countertradeon litchies and ponkans shall be effective only when Koreanplant quarantine authorities accept the treatment methods a-nd conditions suggested by the Taipei side.(2) The period of countertrade shall be from June 1, 1994 to Se-ptember 30, 1995.(3) The Korean Agriculture & Fisheries Food Trade Association s- hall be the organization in charge of Taiwan fruit importat-ion and Korean fruit exportation. And the Agricultural andFishery Marketing Corporation in Korea shall be the organiz-ation in charge of garlic and onion importation. The TaiwanProvincial Fruit Marketing Cooperative shall be the organiz-ation in charge of Taiwan fruit exportation and Korean fruitimportation. For Taiwan garlic and onion, Taipei mission inKorea shall designate the organization in charge of exporta-tion and notify Korean mission in Taipei as soon as possible.(4) The commodities traded by both sides should be in conformitywith trade and quarantine regulations and orders of the twosides.(5) The value of exported commodities should be determined on aC&F basis.(6) Other terms and conditions of the trade such as varieties,quality standards, price conditions (FOE or C&F), payment,packaging, delivery time, etc. should be negotiated by thedesignated trading organization of both sides.(7) Both sides also agreed on the following terms and conditionsfor the smooth implementation of countertrade.1) The Taipei side requested that the Korean side continueits adoption of preferential duties on bananas imported form the Taipei side. The Korean side promised to apply the current preferential duties for the importation of b- ananas. 2) In order to stabilize the banana trade between both sides, the price of bananas for export to the Korean side sha- ll be maintained at an appropriate level, taking into co- nsideration the prices of the Taipei side's bananas expo- rted to other countries. 3) The Taipei side requested the Korean side that Korean ap-ples and pears should be in conformity with the trade st- andards in quality. The Korean side promised to make the best effort in this regard. 4) The Taipei side requested the Korean side to dispatch qu-arantine inspectors to Taipei for the survey on plant qu- arantine problems. The Korean side promised to dispatch inspectors and conduct a joint survey with Taipei inspec- tors. For litchies, joint survey should be conducted by the end of June, 1994 and before October 31, 1994 for po- nkans. For litchies and ponkans, the Taipei side promised to submit the recent plant quarantine test result with i- ts manual to the Korean quarantine authorities not later than June 15. The Korean side promised to dispatch plant quarantine inspectors to conduct joint inspections of ba- nanas bound for the Korea side upon the request of the T- aipei side. 2.Both sides confirmed that the purpose of this conference is o-nly to resume the fruit trade between the two sides. In thisrespect, Taipei side allocated 4,000 metric tons of apple quo-ta which wduld apply from June 1, 1994 to September 30, 1995.Done in Seoul, on June 2, 1994[Signed][Signed]LIN, TSUN-HSIEN HAN, CHUL-SOORepresentativeRepresentativeTaipei Mission in Korea Korean Mission in Taipei