23
WEDNESDAY, DECEMBER 22, 1976
TEXTILE QUOTA UTILISATION POSITION ******
THE COMMERCE AND INDUSTRY DEPARTMENT TODAY PUBLISHED THE END OF NOVEMBER 1976 FIGURES ON THE UTILISATION OF QUOTA IN RESPECT OF ALL RESTRAINED MARKETS.
COMMENTING ON THE FIGURES, A SPOKESMAN FOR THE COMMERCE AND INDUSTRY DEPARTMENT SAID THAT WHILST THE RATE OF UTILISATION WAS HIGH IN A NUMBER OF CATEGORIES TO CERTAIN MARKETS, THE FLEXIBILITY PROVISIONS IN THE AGREEMENTS COULD ENABLE HONG KONG TO EXPORT UP TO CERTA IN SPECIFIED PERCENTAGES OVER AND ABOVE THE RESTRAINT LIMITS.
HE ALSO POINTED OUT THAT FREE QUOTAS FOR CERTAIN CATEGORIES AND MARKETS WERE STILL AVAILABLE FOR APPLICATION AND INTERESTED PARTIES SHOULD GET IN TOUCH WITH THE DEPARTMENT FOR FURTHER DETAILS.
FOLLOWING IS A BRIEF OUTLINE OF THE QUOTA POSITION OF THE UNITED STATES AND EEC, HONG KONG'S TWO MAJOR TEXTILE MARKETS.
USA
THE CURRENT 12-MONTH RESTRAINT PERIOD BEGAN ON OCTOBER 1, 1976. IN THE FIRST TWO MONTHS OF THE PERIOD, TOTAL QUOTAS USED AMOUNTED TO 89.79 MILLION EQUIVALENT SQ. YDS. OR 9.52 PER CENT OF THE OVERALL RESTRAINT LIMIT. FIGURES SHOWING THE QUANTITIES LICENSED FOR EXPORTS AND PERCENTAGE UTILISATION ON A GROUP BASIS ARE SET OUT BELOW :-
GROUP
DESCRIPTION
YARNS AND FABRICS OF
QUANTITY LICENSED (IN MILLION
EQUIVALENT
SQ. YDS.)
12.60
PERCENTAGE UTILISATION
AGAINST GROUP
LIMITS
4.89
COTTON AND MAN-MADE
FIBRES
IL
APPAREL OF COTTON AND
68.97
11.79
MAN-MADE FIBRES
111
MADE-UPS AND
4.97
8.54
MISCELLANEOUS ARTICLES
OF COTTON AND MAN-MADE
FIBRES
IV
WOOL TEXTILES AND APPAREL
3.25
7.73
/OF THE