MONDAY, NOVEMBER 10 1975
D C AND REVIEWS QUOTA ALLOCATION SYSTEM
******
THE COMMERCE AND INDUSTRY DEPARTMENT IS CARRYING OUT A MAJOR REVIEW OF THE TEXTILES EXPORT CONTROL SYSTEM, INCLUDING THE QUESTION OF ALLOCATION AND TRANSFER OF TEXTILE QUOTAS.
AS A FIRST STEP, THE DEPARTMENT HAS SENT OUT A BACKGROUND PAPER ON THE EXISTING PRINCIPLES OF ALLOCATION AND TRANSFER OF QUOTAS AND OF THE CONTROL SYSTEM ITSELF TO ALL TRADE AND INDUSTRY ASSOCIATIONS CONCERNED, AS WELL AS TO INDIVIDUALS AND GROUPS WHO HAVE EXPRESSED INTEREST IN THE SUBJECT.
IN ORDER TO CARRY OUT A THOROUGH REVIEW, THE DEPARTMENT HAS ASKED RECIPIENTS FOR THEIR COMMENTS AND SUGGESTIONS ON THE BACKGROUND PAPER. THESE SHOULD REACH THE DEPARTMENT BY THE END OF THIS MONTH.
PEOPLE WISHING TO OBTAIN FURTHER DETAILS, OR OBTAIN A COPY OF THE BACKGROUND PAPER, SHOULD CONTACT EITHER MR. CLEMENT YEUNG (TEL, NO. 5-443144) OR MR. THOMAS WONG (TEL. NO. 5-241635).
THE DIRECTOR OF COMMERCE AND INDUSTRY DEPARTMENT, MR. DAVID JORDAN, SAID TODAY THAT HE WOULD PERSONALLY TAKE CAREFUL NOTE OF ALL COMMENTS AND PROPOSALS RECEIVED BEFORE DECIDING ON WHETHER OR NOT CHANGES TO THE EXISTING SYSTEM WERE NECESSARY.
BUT HE POINTED OUT THAT TO PROVIDE CERTAINTY TO THE TRADE, ANY MAJOR CHANGES, IN PARTICULAR ANY CHANGES TO THE EXISTING PRINCIPLES THAT MIGHT AFFECT QUOTA ALLOCATIONS IN A SUBSEQUENT TEXTILE PERIOD, WOULD ONLY BE INTRODUCED AFTER AMPLE NOTICE HAD BEEN GIVEN TO THE TRADE,
15......