0003230
G.F. 323
CONFIDENTIAL
- 8
Value
U.S.A.
$4.7 million
U.K.
$4.5 million
Italy
$2.6 million
$2.2 million )
W. Germany
Tariff
17.5% - 30% a.v.
nil
C.E.T. 20% a.v.
In fact, the trade has now become much less dependent on the U.K. market and the industry agrees that the adoption of the 20% C.E.T. should not present difficulties, particularly as this tariff is to be reduced to 13% a.v. as a result of the Kennedy Round.
Polyethylene packing bags (893.003)
In 1961 the principal markets for this item were
U.K.
$1.0 million
Malaya
U.S.A.
$670 thousand
$420 thousand
out of total exports valued at $3.2 million. the main export markets were
In 1961, however,
Value
Tariff
U.K.
Australia
3.0 million
$1.4 million
nil
121% - 221% a.V.
U.S.A.
$1.0 million
121% - 15% a.v.
out of total exports valued at $8.3 million. E.E.C. came to only $26 thousand.
Exports to the
Exporters claim that the 22% C.E.T. is the main reason for the poor export performance in the E.E.C. Although the tariff is to be halved as a result of the Kennedy Round, they consider that Hong Kong cannot compete with low-cost automatic production in E.E.C. countries or with cheap Japanese and S. Korean products.
Toys (excluding dolls), plastic, not containing electric motors. (894 235)
This item was not separately classified in 1961.
In 1966, the principal markets for this item were
Value
Tariff
U.S.A.
U.K.
$149.2 million
$75.8 million
35% a.v.
nil
Canada
$19.1 million
30% a.v.
CONFIDENTIAL
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