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TUESDAY, JANUARY 25, 1977
TEXTILE QUOTA UTILISATION POSITION
*****
THE COMMERCE AND INDUSTRY DEPARTMENT TODAY PUBLISHED THE END OF DECEMBER 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 CERTAIN 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 THREE MONTHS OF THE PERIOD, TOTAL QUOTAS USED AMOUNTED TO 150.82 MILLION EQUIVALENT SQ. YDS. OR 15.99 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:
PERCENTAGE UTILISATION
GROUP
DESCRIPTION
YARNS AND FABRICS OF COTTON AND MAN-MADE
33.21
QUANTITY LICENSED (IN MILLION
EQUIVALENT SQ.YDS.)
AGAINST GROUP
LIMITS
12.89
FIBRES
=
APPAREL OF COTTON AND
105.38
18.00
MAN-MADE FIBRES
!!!
MADE-UPS AND MISCELLANEOUS ARTICLES OF COTTON AND
8.38
14.41
MAN-MADE FIBRES
IV
WOOL TEXTILES AND APPAREL
3.84
9.13
/OF THE