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Tuesday, February 26, 1974

The spokesman said that in the course of 1974, Hong Kong would

be joining consultations with a number of importing countries, including

the USA and the European Economic Community, to modify the existing

restraint arrangements and bring them into line with the terms of the new

Arrangement.

These consultations should lead to a substantial improvement in

the terms under which Hong Kong textile exports are at present restrained.

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