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Monday, July 9, 1973
TEXTILE AGREEMENT WITH CANADA
Hong Kong has entered into an agreement with Canada to continue
certain export restraints on textiles into the year beginning October 1, 1973.
Announcing this today, the Director of Commerce and Industry,
Mr. E.P. Ho, said the agreement followed negotiations in Hong Kong last
month.
Mr. Ho said Hong Kong had been restricting certain of its textile
exports to Canada for a number of years.
"There are no new items on the list of restraints as a result
of these negotiations," he said. "Indeed, two items cotton woven
fabrics and non-terry towels have been removed from restraint and
some other improvements, including growth, have been agreed.'
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Hong Kong exports of textiles to Canada in 1972 were valued at
$263.3 million.
Full details about the new arrangements will shortly be issued
by the Commerce and Industry Department.
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