qu2
like terms for the 18 month period from 1 January 1973
to 30 June 1974, and a proportionate increase for the
restraint limits and consultation levels to take account
of the longer period. The increased basic limits and
consultation levels are annexed hereto.
4.
Furthermore, in giving this unilateral
undertaking, the Commerce and Industry Department, Hong
Kong, reserves the right to increase the limits and levels subsequently by not less than 2% on an annual basis as
provided for in the Memorandum of Understanding; to
increase the limits for any categories by 4% where actual
export performance by 31 December 1973 so warrants.
Commerce and Industry Department
9 August 1973