13
MONDAY, OCTOBER 31, 1994
PROVISIONS
"FIRST,
WE WILL REVIEW CERTAIN SPECIAL FLEXIBILITY PROVIDED TO HONG KONG BY CANADA SINCE JANUARY 1993 AS A RESULT OF CONVERSION OF THE CATEGORISATION SYSTEM UNDER THE MOU TO ONE BASED THE HARMONISED SYSTEM.
THE ON
"SECOND, WE WILL DISCUSS ADMINISTRATIVE ARRANGEMENTS NOTIFIABLE SET OF UNDER ARTICLE 2.17 OF THE ATC, WITH A VIEW TO AGREEING ON A ARRANGEMENTS DEEMED NECESSARY IN RELATION TO THE IMPLEMENTATION OF ANY
ARTICLE PROVISION QUANTITATIVE RESTRICTIONS.
OF
2
OF
THE
ATC
WHICH
PRIMARILY
DEALS
WITH
"THIS SET OF MUTUALLY AGREED ARRANGEMENTS WILL NOTIFIED TO THE TEXTILES MONITORING BODY, TO BE ESTABLISHED UNDER WORLD TRADE ORGANISATION,
EVENTUALLY BE
THE
WITH CANADA INTO THE FROM HONG
MR YIU SAID HONG KONG WOULD ALSO WISH TO DISCUSS ADMINISTRATIVE MEASURES DURING THE TRANSITION FROM THE MOU ATC TO AVOID ANY DISRUPTION TO TRADE IN TEXTILES EXPORTS KONG TO CANADA.
"THE ATC
WILL REPLACE
ALL
EXISTING
BILATERAL TEXTILES DURING AGREEMENTS WHEN PUT INTO FORCE, PROVIDING A 10-YEAR TRANSITION
** HE SAID. WHICH TEXTILE QUOTAS WILL BE PHASED OUT IN STAGES,
TEXTILES
"AT THE END OF THE TRANSITION, GLOBAL TRADE IN TEXTILE PRODUCTS WILL BE RE-INTEGRATED UNDER THE GENERAL AGREEMENT TARIFFS AND TRADE/WORLD TRADE ORGANISATION DISCIPLINES.
AND ON
FOR
MR YIU SAID THAT DURING HIS STAY IN OTTAWA AND TORONTO HE WOULD
RESPONSIBLE PAY
OFFICIALS COURTESY CALLS
CANADIAN ON INTERNATIONAL TRADE.
ALSO
0
MONETARY STATISTICS FOR SEPTEMBER 1994
(MONDAY) BY THE SEPTEMBER MONETARY STATISTICS RELEASED TODAY
KONG THE HONG KONG MONETARY AUTHORITY INDICATED THAT THE RISE IN HONG
HAVE RESTRAINED CREDIT DOLLAR INTEREST RATES IN LATE AUGUST MIGHT DEMAND.
LOANS GROWTH SLOWED DOWN IN GENERAL AND MORTGAGE LOANS MODERATED MARKEDLY IN THE SEPTEMBER QUARTER.
DEPOSITS
HONG
KONG
UP
MOMENTUM,
FURTHER DOLLAR TIME DEPOSITS PICKED RISING BY 3.1% IN SEPTEMBER, FOLLOWING A 2.4% INCREASE IN AUGUST.
GROWTH GROWTH
A
A MILD SMALL 10.1%
AFTER FOUR MONTHS OF STAGNANCY, SAVINGS DEPOSITS HAD
DEMAND DEPOSITS ALSO RECORDED OF 1.4% IN SEPTEMBER.
6.6% AND OF
THEIR ANNUAL GROWTH RATES WERE 1.0%. RESPECTIVELY, UP FROM 6.2% AND 3.6% IN THE PREVIOUS MONTH.
AFTER SUCCESSIVE
GROWTH
MONTHS, US IN THE PAST FEW
DEPOSITS
NON-US BY 0.3% IN SEPTEMBER. DECLINED SLIGHTLY, FOREIGN CURRENCY DEPOSITS INCREASED FOR THE SECOND MONTH IN THEY ROSE BY 0.9% IN SEPTEMBER FOLLOWING A 2.3% RISE IN AUGUST.
DOLLAR DOLLAR
A
ROW.
/LOANS AND