7
-
THURSDAY, MAY 23, 1991
NEW HK/FINLAND TEXTILES AGREEMENT REACHED
HONG KONG AND FINLAND HAVE JUST CONCLUDED A TWO-YEAR TEXTILES AGREEMENT TO SUCCEED THE CURRENT ONE WHICH EXPIRES ON DECEMBER 31 THIS YEAR.
AND FOUR
"THE NEW AGREEMENT, COVERING FOUR QUOTA CATEGORIES EXPORT AUTHORISATION (BA) ITEMS, REPRESENTS AN IMPROVEMENT OVER THE EXISTING ONE IN TERMS OF BOTH PRODUCT COVERAGE AND GROWTH RATES, THE ACTING DIRECTOR-GENERAL OF TRADE, MR STUART HARBINSON, SAID.
UNDER THE NEW BILATERAL AGREEMENT, EXISTING QUOTA CATEGORIES OF WOMEN'S AND GIRLS' KNITTED BRIEFS OF COTTON AND MAN-MADE FIBRES AND BRASSIERES OF COTTON AND MAN-MADE FIBRES WILL BE DE-RESTRAINED AND PUT UNDER EA SURVEILLANCE.
ONE EXISTING EA ITEM (SKIRTS AND DIVIDED SKIRTS) WILL AL80 BE REMOVED FROM THE LIST UNDER EA.
THERE WILL BE A GENERAL IMPROVEMENT IN THE ANNUAL GROWTH RATES OF THE QUOTA CATEGORIES UNDER RESTRAINT.
THE NEW AGREEMENT WAS
CONSULTATION IN HONG KONG.
CONCLUDED AFTER A TWO-AND-A-HALF
DAY
THE HONG KONG DELEGATION WAS LED BY MR HARBINSON AND THE FINNISH DELEGATION WAS LED BY AMBASSADOR ERIK HAGFORS, MINISTRY OF FOREIGN AFFAIRS, DEPARTMENT OF EXTERNAL ECONOMIC RELATIONS.
MR HARBINSON SAID HE WAS PLEASED AN AGREEMENT HAD BEEN REACHED WITH FINLAND.
HONG
"THE CONCLUSION OF A BILATERAL AGREEMENT ON BETTER TERMS FOR KONG WILL SET AN ENCOURAGING PRECEDENT FOR HONG KONG'S CONSULTATIONS WITH OTHER IMPORTING COUNTRIES WHICH WILL TAKE PLACE LATER THIS YEAR," HE SAID.
DETAILS OF THE NEW HONG KONG/FINLAND TEXTILES AGREEMENT WILL BE ANNOUNCED IN A NOTICE TO EXPORTERS ISSUED BY THE TRADE DEPARTMENT.
/8..