Exchange of Notes Concerning the Joint Committee Provided for in Article I, Paragraph 2 of the Agreement on the Settlement of [THE] Problem Concerning Property and Claims and on the Economic Co-operation between Japan and the Republic of Korea.

National Graduate Institute for Policy Studies (GRIPS); Institute for Advanced Studies on Asia (IASA), The University of Tokyo

[Title] Exchange of Notes Concerning the Joint Committee Provided for in Article I, Paragraph 2 of the Agreement on the Settlement of [THE] Problem Concerning Property and Claims and on the Economic Co-operation between Japan and the Republic of Korea.

[Notes] Quote from the United Nations Treaty Collection: "Translation by the Government of Japan. The Secretariat also received an English translation of this agreement from the Government of Republic of Korea which on certain points differs from that provided by the Government of Japan. At the request of the Government of Republic of Korea, these differences have been shown by printing in italics the pertinent word of phrase in the translation of the Government of Japan and providing in square brackets the corresponding expression in the translation by the Government of the Republic of Korea."

I have the honour to propose, concerning the Joint Committee provided for in Article I, paragraph 2 of the Agreement on the Settlement of [the] Problem Concerning Property and Claims and on the Economic Co-operation between the Republic of Korea and Japan (hereinafter referred to as "the Agreement") signed today, that the two Governments agree as follows:

2. The Joint Committee shall be composed of one representative and a certain number of deputies respectively appointed by the two Governments.

3. The Joint Committee shall meet at the request of the representative of either Government.

4. The Joint Committee shall have the function of conducting consultations for making recommendations on the following matters:

(a) Procedures concerning the Annual Schedule, the verification of contracts and payments under the First Protocol;

(c) Matters concerning the projects and the annual implementation schedules therefor referred to in paragraph 5 of the Exchange of Notes concerning the Implementation of the Provisions of Article I, paragraph 1 (b) of the Agreement;

(e) Review of the implementation of the provisions of Article I, paragraph 1 of the Agreement (including the calculation of the total amount of the effected supply and advanced credits from time to time); and

(f) Other matters concerning the implementation of the provisions of Article I of the Agreement, referred to the Joint Committee by agreement between the two Governments.

I have further the honour to propose that this Note and Your Excellency's reply confirming your Government's acceptance of the above-mentioned proposal shall be considered as constituting an agreement between the Governments of the Republic of Korea and Japan concerning the Joint Committee provided for in Article I, paragraph 2 of the Agreement.

I avail myself of this opportunity to renew to Your Excellency, Monsieur le Ministre, the assurances of my highest consideration.

I have the honour to acknowledge the receipt of Your Excellency's Note of today's date, which reads as follows:

I have the honour to agree, on behalf of my Government, to the proposal embodied in Your Excellency's Note above, and further to agree that Your Excellency's Note and this reply shall be considered as constituting an agreement between the Governments of the two countries concerning the Joint Committee provided for in Article I, paragraph 2 of the Agreement on the Settlement of [the] Problem Concerning Property and Claims and Economic Co-operation between Japan and the Republic of Korea.

I avail myself of this opportunity to renew to Your Excellency, Monsieur le Ministre, the assurances of my highest consideration.