Article 5
1
1. In any Agreement year advance use of a portion of the quantitative limit established for the following Agreement year is authorized for each category of products up to 5% of the quantitative limit for the current Areement year.
Amounis delivered in advance shall be deducted from the correspon- ding quantitative limits established for the following Agreement year.
2.
Carryover to the corresponding quantitative limit for the following Arcement year of amounts not used during any Agreement year is authorized up to 5% of the quantitative limit for the current Agreement year.
3.
Transfers in respect of categories in Group I shall not be made from any category except as follows I
transfers between Categories 1, 2 and 3 may be effected up to 3,5 % of the quantitative limits for the category to which the transfer is made except that in the case of Category 1 the parties acknow- ledge that the transfer of 3,5% has already been incorporated in the quantitative limit for Category 1 set out in Annex II;
transfers between Categories 4, 5, 6, 7 and 8 may be made up to 3,5% or the quantitative limit for the category to which the trans-
fer is made,
Transfers into any category in Groups II, III, IV and V may be made from any pategory or categories in Groups I, II, III, IV and V up to 5% of the quantitative limit for the category to which the transfer is made.
... The table of equivalence applicable to the transfers referred to above is given in Annex I to this Agreement.
5.
The increase in any category of products resulting from the cumulative application of the provisions in paragraphs 1, 2 and 3 above during an Agreement year shall not exceed the following limits :
- for categories of products in Group I, 11%
- for categories of products in Groups II, III, IV or V, 12.5 %
Prior notification shall be given by the authorities of Hong Kong in the event of recourse to the provisions of paragraphs 1, 2 and 3 above.