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COTTON TEXTILE EXPORTS TO UNITED STATES
All Categories Now Covered By Export Authorisation System
Thirty-five categories of cotton textile exports to the United States
were today (Monday) made subject to an export authorisation system.
They are the categories which were not restrained by the United
States during tho last year of the Geneva Short-Term Arrangement which ended
on September 30.
▲ Notice to Exporters issued by the Director of Commerce and Industry
says that there is no change in the procedure affecting the original 30
restrained items which included quota control or export authorisation and
a sparing system.
The items covered by today's Notice will not be subject to spacing.
Instead, export authorisation will be issued, valid for three months
from the date of issuo.
In
The effect of today's Notice is to bring all of Hong Kong's cotton
textile exports to the United States under some form of supervision.
those categories which are not subject to notual quota control, exporters
will have the guarantee that all goods authorised for export will be accepted
by the United States.
Note to Editors:
The figures for the 30 "restrained" categories and the 35 covered by today's Notice to Exporters add up, apparently, to 65. This is because one category is split, under sub- categories, under both systems.
The full text of the Notice to Exporters, with a list of categories affected, is distributed separately in tho Press Boxes, Government Information Services,
P. 1. 0.