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ALTHOUGH THE PACKAGE INVOLVES A MODIFICATION TO THE CURRENT BILATERAL AGREEMENT COVERING TRADE IN COTTON, WOOL, AND MAN-MADE FIBRE TEXTILES, THERE IS NO REDUCTION TO QUOTAS ISSUED FOR THE EXISTING RESTRAINED CATEGORIES.
THE RESTRAINTS ON PREVIOUSLY UNRESTRAINED CATEGORIES OF SILK AND VEGETABLE FIBRE WILL TAKE EFFECT FROM AUGUST 1.
EXPORT LICENCES FOR THESE NEWLY RESTRAINED CATEGORIES WILL BE SUSPENDED WITH IMMEDIATE EFFECT ALTHOUGH SHIPMENTS AGAINST LICENSES ALREADY ISSUED WILL CONTINUE TO BE ALLOWED. THE ISSUE OF THESE LICENCES WILL BE RESUMED AS SOON AS THE CALCULATION OF QUOTA ENTITLEMENTS HAS BEEN COMPLETED.
NOTE TO EDITORS:
A PRELIMINARY PRESS BRIEFING ON THE MODIFICATION OF THE HK-U.S. TEXTILES AGREEMENT WILL BE HELD AT 3 PM TODAY (TUESDAY) AT THE TRADE DEPARTMENT HEADQUARTERS, 15TH FLOOR, OCEAN CENTRE, TSIM SHA TSUI.
THE SECRETARY FOR TRADE AND INDUSTRY, MR E.P. HO, WILL RETURN TO HONG KONG, TOGETHER WITH MEMBERS OF THE TEXTILES ADVISORY BOARD, BY JAL 1 AT 9.30 PM TODAY. A PRESS POSITION WILL BE SET UP ON THE GROUND FLOOR OF THE VIP SUITE AT THE AIRPORT.
LEGCO TO DISCUSS LIGHT RAIL TRANSIT SYSTEM
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THE LEGISLATIVE COUNCIL WILL SOON DISCUSS A BILL WHICH WILL EMPOWER THE KOWLOON-CANTON RAILWAY CORPORATION (KCRC) TO CONSTRUCT AND OPERATE THE LIGHT RAIL TRANSIT (LRT) SYSTEM IN THE NORTH- WESTERN NEW TERRITORIES.
THE BILL - TO BE PRESENTED TO THE LEGISLATIVE COUNCIL ON JULY 16 - WILL ALSO ENABLE THE KCRC TO OPERATE BUS SERVICES WITHIN THE NORTH-WEST TRANSIT SERVICE AREA (TSA) WHICH ENCOMPASSES TUEN MUN DISTRICT AND YUEN LONG DISTRICT WEST OF THE EXISTING EASTERN ROUNDABOUT.
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