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4. GROUP 1. OFFER IS LINKED WITH THAT FOR GROUP 11. COMMUNITY MUST HAVE COMMON COVERAGE POLICY FOR LDCS IF MARKET IS NOT TO BE DISORGANISED, OFFER IS 299 UP ON ACTUAL 1969 IMPORTS DESPITE DECLINING MARKET. OVERALL RESTRAINT JUSTIFIED ALSO BECAUSE OF HONG KONG'S PRODUCTIVE CAPACITY, AGGRESSIVE RHYTHM OF EXPORTS, POSSIBILITIES OF SUBSTITUTION OF CHINESE FABRICS, AND ABILITY TO DISRUPT NATIONAL MARKETS QUICKLY IN SPECIFIC LINES.
5. GROUP 11. OFFER IS 14% ABOVE HONG KONG 1969 EXPORTS TO THE COMMUNITY VALUED AT US DOLLARS 44 MILLION. THIS WAS 21% SHARE OF THIRD-COUNTRY IMPORTS, 66% OF LDC IMPORTS.
6.
EIGHT SPECIFIC CEILINGS, ALL UNDER CATEGORY E. THESE EIGHT CEILINGS REPRESENT OVER 82% OF GROUP 11 IMPORTS.
7. E. 2: HONG KONG IS PRINCIPAL EXPORTER TO E E C, MORE
VOLUME THAN TO USA, OR JAPAN, QUOTA OFFER IS 25% UP ON 1969 SALES.
8, E 31 HONG KONG'S 421 TONS IN 1969 EQUALS 27% OF
IMPORTS (78% OF LDC IMPORTS). OFFER 25% UP ON 1969.
2. E 4. HONG KONG PRINCIPAL SUPPLIER TO E E C(36%). COMMUNITY INDUSTRY THREATENED BY LOW-COST IMPORTS, NEVERTHELESS OFFER GIVES 13% GROWTH AND AMOUNTS TO 83% OF ALL LDC IMPORTS.
10. E 5 (SEEMINGLY COMBINED WITH E 6): WIDE COVERAGE GIVES FLEXIBILITY. IN 1969 E E C TOOK A SHARE OF HONG KONG EXPORTS RELATIVELY EQUAL TO THAT OF UK AND, FOR DRESSES, TO THAT OF US A. HONG KONG PRINCIPAL SUPPLIER TO COMMUNITY. DANGERS OF SERIOUS DISRUPTION. 1969 SHARE REPRESENTED 50% OF THIRD COUNTRY IMPORTS, AND 84% OF LDC IMPORTS. DESPITE THIS, OFFER IS 14% UP ON 1969 SALES.
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