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HONDAY, MAY 13, 1974.
REVISED ARRANGEMENTS FOR CONTROL
OF TEXTILE EXPORTS TO EXC ******
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REVISED MEASURES FOR CONTINUING VOLUNTARY CONTROL OVER HONG KONG'S TEXTILE EXPORTS TO THE EUROPEAN ECONOMIC COMMUNITY PENDING THE POSSIBLE NEGOTIATION OF A BILATERAL ACREEMENT UNDER THE NEW ARRANGEMENT FOR INTERNATIONAL TRADE IN TEXTILES, WERE ANNOUNCED TODAY BY THE DIRECTOR OF COMMERCE AND INDUSTRY, MR. JIMMY MCGREGOR.
THEY ARE BEING BROUGHT INTO EFFECT ON THE ADVICE OF THE TEXTILES ADVISORY BOARD TO REPLACE PROVISIONAL ARRANGEMENTS DUE TO EXPIRE GN JUNE 30 THIS YEAR.
MR. MCGREGOR SAID IT WAS NECESSARY TO MAINTAIN EXISTING RESTRAINTS ON TEXTILE EXPORTS TO THE EEC SO THAT TRADE COULD CONTINUE ON A KNOWN AND STABLE BASIS UNTIL THE POSSIBLE NEGOTIATION OF A BILATERAL AGREEMENT.
+BUT WE HAVE NOW MODIFIED OUR PROVISIONAL RESTRAINT ARRANGEMENTS TO TAKE ACCOUNT OF THE PROVISIONS CONTAINED IN THE NEW ARRANGEMENT FOR INTERNATIONAL TRADE IN TEXTILES,+ HE ADDED.
THE REVISED MEASURES WILL OPERATE FOR A PERIOD OF 12 MONTHS BACK-DATED TO JANUARY 1 THIS YEAR. THEY AFFECT TEXTILE EXPORTS TO THE UNITED KINGDOM, THE FEDERAL REPUBLIC OF GERIJANY, THE BENELUX COUNTRIES, ITALY, FRANCE AND DENMARK.
FULL DETAILS OF THE REVISED ARRANGEMENTS ARE CONTAINED IN NOTICES TO EXPORTERS ISSUED TODAY BY THE COMMERCE AND INDUSTRY DEPARTMENT.
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