ན་
G.F. 326
CONFIDENTIAL # &
3
from the actual level of Hong Kong
exports in 1976 ranging from 5% to
27%. The 7 items are :
cotton woven fabrics
synthetic woven fabrics
knit shirts and T-shirts
knit sweaters
woven shirts
woven blouses
woven trousers
The eighth item, cotton yarn, is of little
significance in terms of Hong Kong's trade
with the EEC and has been ignored for the
purposes of this Memorandum;
(b) the proposed term of the new agreement would
be four years from 1st January 1978. While
the overall growth rate from 1979 onwards
would be 6% per year, for these 7 items
the growth rate would range from 0.25% to
2% per year (see Footnote 1);
/ (c)
Footnote 1:
-
In the present agreement, the annual growth rates for the EEC as a whole
are 7% for the 2 fabric items and
2.5% for the 5 clothing items; those
for the UK are only 0.5% for 6 of
these items and 3.5% for the
remaining items, while for Germany,
they are 0.5% for one of the clothing items and range between 1.2% to 2.3% for the remaining 4 clothing items. ( & Dine trade Dieng muc kad