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TUESDAY, DECEMBER 16, 1975
APPLICATIONS NOW ACCEPTED FOR
SHIPMENTS TO U.S. UNDER G.S.P.
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THE COMMERCE AND INDUSTRY DEPARTMENT ANNOUNCED TODAY (TUESDAY) THAT IT WAS ACCEPTING, WITH IMMEDIATE EFFECT, APPLICATIONS FOR ''FORMS A'' IN RESPECT OF GOODS SHIPPED TO THE UNITED STATES UNDER THAT COUNTRY'S GENERALISED SCHEME OF PREFERENCES.
THE U.S.-G.S.P.. OF WHICH HONG KONG WAS RECENTLY MADE A BENEFICIARY, GOES INTO EFFECT ON JANUARY 1, 1976.
UNDER THE SCHEME, ABOUT 2,700 HONG KONG PRODUCTS INCLUDING CERTAIN TOYS, PLASTIC ARTICLES, MOTION CAMERAS AND PHOTOGRAPHIC ACCESSORIES ARE ALLOWED INTO THE UNITED STATES DUTY-FREE.
THERE ARE, HOWEVER, SOME PRODUCTS WHICH WILL NOT RECEIVE THE SAME BENEFIT, HAVING BEEN EXCLUDED FROM THE SCHEME. THESE ARE TEXTILES, WATCHES, FOOTWEAR AND SOME ELECTRONIC PRODUCTS, DESCRIBED BY THE UNITED STATES AUTHORITIES AS IMPORT-SENSITIVE.'
A SPOKESMAN FOR THE COMMERCE AND INDUSTRY DEPARTMENT EXPLAINED THAT TO CLAIM U.S.-G.S.P. THE COST OF DOMESTIC MATERIALS PLUS THE DIRECT MANUFACTURING COST OF THE ITEM IN QUESTION MUST BE EQUIVALENT TO AT LEAST 35 PER CENT OF ITS EX-FACTORY VALUE,
THE SPOKESMAN SAID THAT THE DEPARTMENT HAD SENT OUT TO MANUFACTURERS AND EXPORTERS TODAY A CIRCULAR (CERTIFICATE OF PREFERENCE CIRCULAR 23/75), CONTAINING INFORMATION ON HOW THE US-GSP WORKS, AND HOW TO FILL OUT THE FORMS A IN RESPECT OF IT.
HE ADDED THAT A COUNTER HAD BEEN SET UP IN THE CERTIFICATION BRANCH ON THE 1ST FLOOR OF THE COMMERCE AND INDUSTRY DEPARTMENT TO HANDLE ANY FURTHER ENQUIRES TRADERS MIGHT HAVE ABOUT THE SCHEME.
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