RESTRICTED
values recorded in Hong Kona's
external trade for 1390.
-
For these commodities, statistics of the US impor from
China and other major competitors are identified, including their values and quantities and percentage share in the US
marker
4.
Within the import statistics of the US. both the
c.i.f. value (including cost. insurance and freight but
excluding tariff) and quantity of the imports. as well import duties are available.
These enable the import
bv
the
import
unit valual
as
the
prices (as measured
commodities from different countries inclusive of tariff to
be derived. The new import prices of China's products due
to the imposition of the much higher non-MFN tariff rates
upon a loss of MFN status can also be estimated
5.
Bv comparing the new import
products
prices of
(under
other
non-MFN rariff
prices of China'a
with tho
import
countries' products in the US market, and
also the relative market share of these countries the
impact on China's exports to the US and hence the impact on
Hong Kong's re-exports to the US of China origin are
assegged ая follows :
(a) LOW 1mpact
'The impact will be low if the new
import prices of China's products are still much
below and thus very competitive relative to those
of other competitors. Moreover, even though the
price differential may become narrower. if China
accounts for a substantial market share of US
imports. other competitors mav not he nrenared or have the ready capacity to take up a much larger
proportion of the market . In such circumstances,
it is estimated that exports of China of these
products to the US will decrease by only 20-30%.