XN000022-1978-10-26 — Page 4

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MY

THURSDAY, OCTOBER 26, 1978

TEXTILE QUOTA UTILISATION POSITION

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THE TRADE INDUSTRY AND CUSTOMS DEPARTMENT TODAY PUBLISHED THE END-OF-SEPTEMBER 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 E.E.C., 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 PAST NINE MONTHS AMOUNTED TO 652.16 MILLION EQUIVALENT SQ. YDS. OR 68.10 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

DESCRIPTION

QUANTITY LICENSED (IN MILLION EQUIVALENT SQ.YDS.)

PERCENTAGE UTILISATION

AGAINST

GROUP LIMITS

GROUP

T

YARNS AND FABRICS OF COTTON AND MAN-MADE

FIBRES

118.38

45.22

APPAREL OF COTTON

AND MAN-MADE FIBRES

456.24

76.72

MADE-UPS AND

MISCELLANEOUS ARTICLES

OF COTTON AND MAN-MADE

44.99

FIBRES

IV

WOOL TEXTILES AND APPAREL

32.54

76.11

77.22

THE RATE OF UTILISATION IN TEN OF THE 24 CATEGORIES SUBJECT TO SPECIFIC LIMITS IN THE HONG KONG/U.S. TEXTILE AGREEMENT COULD BE DESCRIBED AS RELATIVELY HIGH. THEY ARE CATEGORY 331 (COTTON GLOVES), CATEGORY 333/334/335 (COTTON COATS), CATEGORY 340 (COTTON SHIRTS, NOT KNIT), CATEGORY 341 (COTTON BLOUSES, NOT KNIT), CATEGORY 347/348 (OUTER TROUSERS, SLACKS AND SHORTS), CATEGORY 445/ 446 (WOOLLEN SWEATERS), CATEGORY 638/639 (M.M.F. KNIT SHIRTS AND BLOUSES INCLUDING T-SHIRTS), CATEGORY 645/646 (M.M.F. SWEATERS) AND CATEGORY 649 (M.M.F. BRASSIERES, ETC.).

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