(134392) Dd. 737115 750m 4/70 Hw.
NOTHING TO BE WRITTEN IN THIS MARGIN
Registry No.
SECURITY CLASSIFICATION
Top Secret.
Secret,
Confidential.
Restricted. Unclassified.
PRIVACY MARKING
..............In Confidence
DRAFT
Brief
To:-
Type 1 +
From
SLOMAN Telephone No. & Ext.
Department
Commodities
30
Kansistör radio's
1 4%%
Hong Kong Exports
Textiles are Hong Kong's major industry, accounting
in 1969 for 47% of all Hong Kong exports. The
regulation of international trade in textiles is a
matter, therefore, of great importance to Hong Kong.
The other main items exported by Hong Kong are electrical goods 10%, plastic toys 7%, wigs 6% and
artificial flowers 3%.'
Cotton Textiles
2. Towards the end of the '50s imports of cotton
textiles from Hong Kong (which enter the
United Kingdom free of duty) began to cause serious
problems for our domestic industry. To deal with the
situation, inter-industry agreements were drawn up
providing for the development of Hong Kong's trade with
the United Kingdom in a reasonable and orderly manner,
having regard to the need to avoid disruptive effects
in the United Kingdom market and on individual lines of
production in both the United Kingdom and Hong Kong.
These arrangements (the "Lancashire Agreement") were
later embodied in an inter-governmental agreement
known as the "Heads of Agreement". Thus, since 1959
imports from Hong Kong of woven cotton textiles
(including cotton clothing) have been subject to
quantitative restrictions in the United Kingdom market
and since then imports from all other developing
countries have been brought under control.
CONFIDENTIAL
Besides
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