6
MONDAY, MARCH 2, 1987
THE STATEMENT MADE THE FOLLOWING POINTS, SAID MR MILLER 1
1.
2.
3.
5.
THE UNITED STATES TEXTILE AND APPAREL INDUSTRY IS IN FACT, IN GOOD SHAPE. THE SPONSORS OF THE ACT SIMPLY ASSERT +SERIOUS INJURY+ IN THE LEGISLATION IN ORDER TO AVOID USING ESTABLISHED PROCEDURES FOR IMPORT RELIEF.
THE DOMESTIC MARKET IS EXPANDING WITH CONSUMER EXPENDITURE ON CLOTHING IN THE U.S. HAVING RISEN BY SIX PER CENT LAST YEAR AND OPTIMISTIC FORECASTS BEING MADE FOR THIS YEAR.
THE BILL CLAIMS IT CAN USE ARTICLE 19 OF THE GENERAL AGREEMENT ON TRADE AND TARIFFS (GATT) BUT, IN FACT, THIS ARTICLE ONLY PROVIDES FOR TEMPORARY PROTECTION OF A PARTICULAR PRODUCT AND NOT OF AN ENTIRE INDUSTRY FOR 10 YEARS.
THE OFFER OF 10 PER CENT TARIFF CONCESSIONS PHASED OVER FIVE YEARS IS HARDLY COMPENSATION AND APPLIED ON PRODUCTS ALREADY UNDER QUANTITATIVE RESTRICTIONS WOULD BE MEANINGLESS.
THE BILL'S MANDATORY SUGGESTION FOR THE SPACING OF IMPORTS EACH YEAR CLEARLY INDICATE THAT MAJOR NEW NON-TARIFF BARRIERS ARE ENVISAGED.
+HONG KONG TOOK AN ACTIVE PART IN THIS MEETING AND WE FULLY AGREE WITH THE CONCERN THAT HAS BEEN EXPRESSED BY THE BUREAU,+ SAID MR MILLER.
SUMMING UP, THE BUREAU STATED 1 +THE REAL INTENTION OF THE ACT IS NO DOUBT TO FREEZE AND TO EVENTUALLY ROOL-BACK THE PRESENT LEVEL OF IMPORTS THROUGH DEVIOUS MECHANISMS COMPRISING OF ABUSE OF ARTICLE 19, CIRCUMVENTION OF PROCEDURES FOR RELIEF OF STIPULATED IN THE U.S. TRADE ACT OF 1974, AND THE ARBITRARY SPACING OF IMPORTS AND THE MANIPULATION OF QUOTAS SO THAT THE DOMESTIC INDUSTRY COULD ENJOY UNPRECEDENTED PROTECTION AND COULD MARK UP PRICES AND PRODUCTS.+
WINDING-UP ORDER MADE AGAINST TRAVEL FIRM
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A WINDING-UP ORDER WAS MADE AGAINST AUSTRAVEL COMPANY LIMITED TODAY (MONDAY), FOLLOWING A PETITION PRESENTED BY THE DIRECTOR OF LEGAL AID ON FEBRUARY 5 ON BEHALF OF A GROUP OF CUSTOMERS.
ANNOUNCING THIS, A SPOKESMAN FOR THE REGISTRAR GENERAL'S DEPARTMENT SAID THAT. ACCORDINGLY, THE OFFICIAL RECEIVER'S APPOINTMENT AS PROVISIONAL LIQUIDATOR ON FEBRUARY 6 WAS EXTENDED.
J
FORMER CUSTOMERS