0003230
*G.F. 323
CONFIDENTIAL
MEMORANDUM OF UNDERSTANDING
Enclosure
Introduction
This Memorandum of Understanding sets out the arrangements
that have been agreed between the Governments of Sweden and
of Hong Kong regarding the limits that the Government of
Hong Kong are to apply to exports of certain garments for
importation into Sweden.
2. In reaching agreement on these arrangements, both
Governments have had regard to the provisions of the
Arrangement regarding International Trade in Cotton Textiles,
in particular to Article 3 of that Arrangement, and Article
XXII (1) of the General Agreement on Tariffs and Trade.
Coverage
3. These arrangements apply to Hong Kong's exports to Sweden
of the items listed in the Annex to this Memorandum.
Restraint Period
4. These arrangements will apply from 1st July 1970 to
30th June 1971. During this period, the Hong Kong Government
will limit exports to Sweden of the items listed in the
Annex to the levels set out therein, save as provided for in
paragraph 5.
Carryover
5. If in the periods covered by the Agreements expiring on
30th June 1970 exports from Hong Kong to Sweden are less
than the levels specified in column (e) of the Annex to the
Memorandum of 4th July 1969, or those listed in column (d)
of paragraph 1 of the Director of Commerce and Industry's
letter of 4th July 1969, Hong Kong may export amounts
CONFIDENTIAL