Pago 12. THE STAR, Hongkong, Thursday, December 9, 1971,
Britain's quotus
a blow, but-
LONG-TERM GAINS FOR OUR TEXTILES
RITAIN'S last-minute decision to keep quotas
BRITAIN'S Watem textiles next year · AND drop
Commonwealth preference to charge tariffs on our exports is a bitter blow to our textile industry.
But Hongkong will have to make the best of it and there ARE some long-term advan- tages.
At present we sell Britain about 200 m'l- lion square yards of the 550 million square yards of cotton woven textiles she imports yearly,
Had Britain dropped the quotas, as she pro- mised, we would ha vo had to fight India, South Koroa and Taiwan to keip our shape of the trado.
Since all three ('A produce cheaper cloth, we stood to lone a ahn vo of the market,
And when Britain goos Into the Common Mar- ket probably at the start of 1973 quotas would then have been (0) the previous you'a train,
If our figuren were down, this would lun va meant a smaller shaPA nf thet market when Britnin onterer the Abuket,
Bo Advaninge No 1 la will keep roughly two tribe of the il- tal market up to aud inciming when she en- tern the Alarkel,
Advantage No 2 advaninge jazmi on the fnet fut we must maka the beat of a bad bu Ruin in that when wo
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start paying a tariff of 15 per cent on these exports, we will thenbe able to mix in with these gooris some man-made fibros, making the art- Icles more attractive to the buyer.
At present, man- mado fibres enrry a tariff, cotton woven tex- tiles don't,
But with nothing to lose, we can make our producta moro Voj satin by mixing ono materini with the other.
Anvammin A that under the pot sugreement we have a built-in clate allowing a growth rate of one per cont yourly,
Promiso
of
Why did Britain go back on iin promines ter drop quoina”
Unemploym nearly oum inebuting 11,000 jahz Jont in the Innıf your in Imaenniti po inxtijou five- taries.
The genorm} hoai- Hann keeromtrat ihnen, 67 Abon, Pint *****
wraldy, it nema in way enue | Wonkh have to reimpone quo- taz when she entered the Market,
All this humput Hong- kong tu a elenjava try - tting hole,
First Amorica murt her surtax - and the quotas she is ramming down our throat. Then other countries such as Canada And Denmark sulpping away at our exports. And now Bri-, ! tnin,
Pity the taxiflen manufacturers Who not holdụng any quotun darthed whend and gol ordern for next year, when ibern were to be no quotas and trade wIZE to be “mpen,**
how lùng witi nomi to buy up othera' qie lazzo they enn fill their ordern – or flee #etion for breach of continet,
Imagine how theprico of quolan will rocket na oller firm dieekin to make KOPD MAMny out of bartering quotiva theva molikor goodni.
WILL Hurlintu da the neont thing and pay
Hongkong Truutta einrozu don't yol know.
mut they will be wall ing anelutinly to houJ whorl the Pompeiul Monte FodorV, MP Hibdon TAVA, HEYIE Whum ho potre turk Inter tomorrow about the postblity of Pompienna Hot,
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bet #imoni The only crumb në rom fot Mi Haridon (Cayn enuid bring inek with