- 3
-
Thursday, January 15, 1976
DC & I CLARIFIES LISUNDERSTANDING
***
It is believed that some people in the textile trade have somehow
had the wrong impression that the DC & I has changed its rules and is
currently not allowing people to transfer their textile quotas.
A Commerce and Industry Department spokesman said categorically
today that this was not so.
"This is an erroneous impression due probably to a recent misreport-
ing by several Chinese newspapers of a DC & I Notice to exporters. This
Notice stated that only certain preliminary quota allocations made to
certain specified companies may not be transferred for the time being," he
said.
The reason for this, the spokesman continued, was that those companies'
quota entitlements had still to be checked. **This is an isolated case and
the situation is a temporary one. rt
He said that for many years now, quotas had been transferred among
people in the textile trade, and these were still transferrable. Transfers,
he added, enabled maximum utilisation of quotas and this was something the
departments accepted.
The Notice to exporters which was wrongly reported in several Chinese
newspapers was issued on November 29, 1975, Series 2 (EBC) No. 28/75, and
concerns preliminary quota allocations for 1976 in respect of exports of
restrained textiles to the EEC,
1
O
/4