000 3230
G.F. 323
*
CONFIDENTIAL
MEMORANDUM OF UNDERSTANDING
Enclosure 1
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
1971.
4. These arrangements will apply from 1st July 1970 to 30th June
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 (a) of paragraph 1 of
the Director of Commerce and Industry's letter of 4th July 1969,
Hong Kong may export amounts equivalent to such short-falls during
the period covered by this Memorandum provided that such exports
/(i)
CONFIDENTIAL