4
TUESDAY, APRIL 4, 1978
TEXTILE QUOTA UTILISATION POSITION
******
THE TRADE, INDUSTRY AND CUSTOMS DEPARTMENT TODAY PUBLISHED THE END-OF FEBRUARY 1978 FIGURES ON THE UTILISATION OF QUOTA IN RESPECT OF MARKETS TO WHICH HONG KONG'S TEXTILES EXPORTS ARE RESTRAINED.
A BRIEF OUTLINE OF THE QUOTA POSITION OF THE UNITED STATES AND EEC, HONG KONG'S TWO MAJOR TEXTILE MARKETS, IS GIVEN BELOW.
USA
THE CURRENT 12-MONTH U.S. TEXTILE RESTRAINT PERIOD BEGAN ON JANUARY 1, 1978. QUOTA USED IN THE FIRST TWO MONTHS AMOUNTED TO 101.93 MILLION EQUIVALENT SQ. YDS. OR 10.64 PER CENT OF THE OVERALL RESTRAINT LIMIT. FIGURES SHOWING THE QUANTITIES LICENSED FOR EXPORT AND PERCENTAGES OF UTILISATION ON A GROUP BASIS ARE SET OUT BELOW:
•
GROUP
DESCRIPTION
QUANTITY LICENSED (IN MILLION EQUIVALENT SQ..YDS.)
PERCENTAGE UTILISATION
AGAINST
GROUP LIMITS
YARNS AND FABRICS OF
23.13
8.83
COTTON AND MAN-MADE
FIBRES
M
APPAREL OF COTTON AND
69.51
11.69
MAN-MADE FIBRES
MADE-UPS AND MISCELLANEOUS
7.26
12.29
ARTICLES OF COTTON
AND MAN-MADE FIBRES
IV
WOOL TEXTILES AND
2.03
4.82
APPAREL
OF THE 24 CATEGORIES SUBJECT TO SPECIFIC LIMITS IN THE HONG KONG/U.S. TEXTILE AGREEMENT, THE RATE OF UTILISATION IN THREE OF THEM COULD BE DESCRIBED AS RELATIVELY HIGH. THESE THREE CATEGORIES WERE CATEGORY 331 (COTTON GLOVES) CATEGORY 347/348 (OUTER TROUSERS, SLACKS AND SHORTS) AND CATEGORY 649 (BRASSIERES, ETC.).
EEC