0003230
G.F. 323
CONFIDENTIAL
- 6.
out of total exports valued at $2.3 million. The comments relating to the two immediately proceding items also apply in respect of this item and the U.K.'s adoption of the 21% C.E.T. (likely to be reduced slightly as a result of the Kennedy Round) could have a depressing effect on Hong Kong's export performance.
CONFIDENTIAL