མས་མཙས་་་བ -
CONFIDENTIAL ##
垒
4
(c) there would be no flexibility provisions
for the 8 very sensitive items (see
Footnote 2);
(a) these cut-backs would be applied both at
the EEC level and at the Member State
level (i.e. on aggregate limits and sub-
limits for individual Member States).
/2.
Footnote 2: The standard flexibility provisions
set out in the MFA are 7% swing (i.e. transfer of yardage to one
item from unused yardage in a different item), 10% carryover (i.e. yardage unused in one year may be carried over for use in the following year in the same item) and/or carryforward (anticipation of the following year's yardage for use in the current year in the same item) of which carryforward shall not be more than 5%; and the flexibility provisions in the current EEC/HK bilateral agreement largely follow the MFA provisions.
A