Hougtong Standard 7/2/1,
UK slammed on HK textile cuts
THE Chinese Maayan-
facturers' Association yesterday threw its support behind six leading local textile organisations to oppose the British move to restrict Hongkong textiles. Criticising the British move,
the CMA said Britain was acting unfairly and did not take into consideration the economic consequences 晕 of such action to Hongkong
Organisations
On Sunday, Hongkong's six leading textile organisations, the Hongkong Garment
Manufacturers Association, the Federation of Hongkong Garment Manufacturers, the Federation of Hongkong Cotton
$
Weavers, the Hongkong Weaving MITES Association, the Hongkong Made-Up Goods Manufacturers Association and the Hongkong Printers and Dyers Association, issued a strongly-worded statement attacking the British move.
It said Britain had decided
to en nforce
quota
restrictions on Hongkong textiles in addition to the new tariff taking effect on January 1, 1972,
Support
The statement said the British action would encourage further protectionism in developed countries. Yesterday the CMA
supported the "View and sard the British mave would add fuel to the fire of protectionism which will bur everybody including Britain,
The CMA also expressed support to the Government in opening negotiation with Britain on the threat to our textile exports.