FRIDAY, JULY 11, 1986
QUOTA TRANSFER RULES TEMPORARILY RELAXED
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A TRADE DEPARTMENT SPOKESMAN TODAY (FRIDAY) ANNOUNCED A TEMPORARY RELAXATION OF QUOTA TRANSFER RULES WITH IMMEDIATE EFFECT.
THE DEPARTMENT FEELS THAT THE IMPLEMENTATION OF THE MODIFIED AND EXTENDED U.S.-HK TEXTILE AGREEMENT IN THE MIDDLE OF A TEXTILE YEAR MAY PRESENT ADJUSTMENT DIFFICULTIES TO THE TRADE.
TO FACILITATE THE SETTLING DOWN PROCESS THE DEPARTMENT. ON THE ADVICE OF THE TEXTILES ADVISORY BOARD, HAS INTRODUCED THE FOLLOWING TEMPORARY MEASURES FOR APPLICATION IN 1986 ONLY:
* IN RESPECT OF NEW NON-ME A QUOTA CATEGORIES FOR THE U.S. MARKET, TO PLACE A LIMIT OF 50 PER CENT ON TEMPORARY TRANSFERS ON A CATEGORY BASIS; AND
* IN RESPECT OF MFA QUOTA CATEGORIES, TO RELAX THAT PART
OF EXISTING RULES REGARDING THE LIMIT OF TEMPORARY TRANSFERS BY REVISING THE EXISTING 35 PER CENT TO 50 PER CENT.
WHILE THE RELAXATION OF THE TEMPORARY TRANSFER LIMIT IS PRIMARILY RELEVANT TO THE U.S. MARKET, THE DEPARTMENT HAS DECIDED TO APPLY IT TO ALL MARKETS, IN ORDER TO PRESERVE THE UNIFORMITY OF QUOTA TRANSFER RULES.
ALL OTHER PARTS OF THE QUOTA TRANSFER RULES WHICH ARE CURRENTLY IN FORCE WILL REMAIN UNCHANGED AND CONTINUE IN FORCE.
THESE TEMPORARY MEASURES ARE WITHOUT PREJUDICE TO THE REVIEW OF QUOTA TRANSFER RULES WHICH, AS HAS ALREADY BEEN ANNOUNCED BY THE DEPARTMENT, WILL BE CARRIED OUT IN SEPTEMBER-OCTOBER 1986 TO DETERMINE WHETHER EXISTING RULES SHOULD CONTINUE, OR BE REVISED, IN 1987 ONWARDS.
A NOTICE TO EXPORTERS WILL BE ISSUED AS SOON AS POSSIBLE TO EXPLAIN THE TEMPORARY MEASURES IN GREATER DETAIL TO THE TRADE.
NEW CHAIRMAN, MEMBERS FOR EPCOM
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THE GOVERNOR HAS APPOINTED DR DAVID J. JOHNS AS CHAIRMAN AND 15 OTHER PROMINENT MEMBERS OF THE COMMUNITY AS MEMBERS OF THE ENVIRONMENTAL POLLUTION ADVISORY COMMITTEE (EPCOM) FOR A PERIOD OF TWO YEARS FROM JULY 1 THIS YEAR.
DR JOHNS, DIRECTOR OF THE CITY POLYTECHNIC OF HONG KONG, TAKES OVER FROM MR H.M.G. FORSGATE AS CHAIRMAN OF EPCOM.
HE HAS BEEN A MEMBER OF THE COMMITTEE SINCE JULY 1, 1984 AND IS A MEMBER OF THE HONG KONG PRODUCTIVITY COUNCIL AND THE VOCATIONAL TRAINING COUNCIL.
/IN ANNOUNCING.