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Saturday, January 19, 1974
EXTENSION OF EXPORT QUOTA CONTROLS ON PLASTICS
The extension of export quota controls to a second category of
plastic raw materials was announced today (January 19) by the Commerce and
Industry Department.
The item concerned, polyethylene high density granules, moulding and
extrusion compounds, is shown under group 581 of the Hong Kong Imports and
Exports Classification List.
Another item in the same group
—
polypropylene - has already been
made subject to export quota controls.
The local plastics industry uses substantial quantities of both
items for the manufacture of household products.
A Commerce and Industry Department spokesman said that export quota
controls were being extended to high density polyethylene because the quantities
licensed for export since January 1 this year are substantially in excess of
the monthly average for 1973.
The export licensing scheme introduced on January 1 covers 55
different categories of plastic raw materials,
11 are monitoring the quantities licensed for export in each category,
the spokesman said.
"Further quota controls may be introduced if re-exports show significant
proportionate increases over last year's monthly averages."
The issue of export licences for high density polyethylene has been
suspended until quotas have been calculated and notified to the trade.
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