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January 29, 2004

The Government of the Republic of the Philippines represented by the Department of Foreign Affairs and the Government of the Republic of Colombia represented by the Ministry of Foreign Affairs, hereinafter referred to as the "Parties";

Recognizing the responsibility of both countries as members of the international community in finding just and lasting solutions to contemporary international problems;

Aware of the usefulness of jointly considering and analyzing international events within a global setting as well as those affecting more directly the interests of the developing countries;

Convinced of the importance of creating a flexible and active mechanism for consultations at the highest level possible on matters of common interest;

Have agreed as follows:

1 - The two Governments will hold high level consultations, in principle on an annual basis, to analyze the international situation and the relations between both countries, without prejudice to the use of the diplomatic channel.

2 - Delegations to these consultative meetings will normally be presided by high level officials.

3 - Such consultative meetings may take place alternately in the Republic of the Philippines and in the Republic of Colombia, or at a mutually agreed venue, on a date and according to an agenda to be agreed upon through diplomatic channels.

4 - Study or working groups can be established, by mutual agreement to examine specific questions. Each delegation may include other government entities, when it deems pertinent, taking into consideration the agenda of the meetings.

5 - This Memorandum of Understanding will enter into effect on the date of the later written notification by either of the Parties, through diplomatic channels, indicating that the domestic requirements for its entry into force have been complied with.

6 - This Agreement may be terminated at any time by either Party, upon written notice addressed to the other through diplomatic channels, six months prior to the date of effectivity of the termination.

Done in the City of Manila on the 29th day of January 2004, in two originals in the English and Spanish languages, both texts being equally authentic.