Friday, July 28, 1972
EASING OF RESTRICTIONS ON TEXTILE EXPORTS TO CANADA
Restrictions on Hong Kong's textile exports to Canada will be
eased slightly under a new agreement just concluded.
The Director of Commerce and Industry, Mr. Jack Cater, said
this afternoon that although restraints would continue, one item --
nightwear had been removed from the list.
At the same time the agreement incorporates other improvements,
including provisions for a more liberal growth rate.
The agreement, which was formally signed yesterday, was the
result of negotiations held in Ottawa at the end of June. It will take
effect from October 1.
Mr. Cater said that full details of the new scheme would soon
be announced by the Commerce and Industry Department.
In 1971, Hong Kong's textile exports to Canada were worth
$246 million.
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