XN000022-1994-11-26 — Page 4

SATURDAY, NOVEMBER 26, 1994

UN COMMITTEE MEMBERS CONFIRM ACCURACY OF GOVT PRESS RELEASE

* * * *

TWO

ON

OF MEMBERS

THE UN COMMITTEE

SOCIAL ECONOMIC, CULTURAL RIGHTS STATED ON FRIDAY (GENEVA TIME) BEING THE LAST DAY

COMMITTEE'S HEARING IN GENEVA THAT THE CONTENTS OF THE HONG GOVERNMENT'S PRESS RELEASE ISSUED YESTERDAY WERE ACCURATE.

AND

OF

KONG

THE GERMAN DELEGATE, PROFESSOR BRUNO SIMMA, REITERATED THAT THE SECOND ACTION TAKEN BY

PUBLICISE THE THE HONG KONG GOVERNMENT TO PERIODIC REPORT HAD EXCEEDED WHAT HAD BEEN DONE BY ANY OTHER SIGNATORY TO THE COVENANT SINCE THE COMMITTEE STARTED HEARING IN 1987.

DELEGATE,

JUDGE

PHILIPPE

TEXIER,

STATED

THE FRENCH

ALSO

KONG EXPRESSLY THAT HE ADHERED TO HIS OBSERVATION YESTERDAY THAT HONG

то THE COVENANT ΤΟ HAD DONE MORE THAN ANY OF THE 129 SIGNATORIES PUBLICISE THE PROVISIONS OF THE COVENANT.

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HK AND EUROPEAN COMMISSION REACH TEXTILES AGREEMENT

FOLLOWING THE TRADE DEPARTMENT ANNOUNCED TODAY (SATURDAY) THAT CONSULTATIONS WITH THE EUROPEAN COMMISSION IN BRUSSELS, AN AGREEMENT WAS INITIALLED ON NOVEMBER 25 TO ADJUST THE COMMUNITY QUANTITATIVE LIMITS

TEXTILES TO TAKE INTO ACCOUNT THE EXPECTED ON AUSTRIA,

SWEDEN AND NORWAY TO THE EUROPEAN FINLAND, JANUARY I NEXT YEAR.

ACCESSION

OF

UNION

(EU)

ON

DEPUTY DELEGATION, EXERCISE:

OF QUOTAS WHERE TRADE IS CURRENTLY UNDER RESTRAINT IN THE ACCEDING COUNTRIES AND THE BRINGING INTO THE ENLARGED

OF EU QUOTA

TRADE CURRENTLY NOT UNDER RESTRAINT IN THE ACCEDING COUNTRIES."

COMMENTING ON THE OUTCOME OF THE CONSULTATIONS FROM BRUSSELS,

OF TRADE DIRECTOR-GENERAL

AND

OF LEADER

HONG THE MR KEVIN HO, SAID: "THERE ARE TWO MAIN ASPECTS

MERGING THE

KONG

OF

THIS

"WHILE NOT SATISFIED THAT HONG KONG RECEIVED PROPER COMPENSATION FOR THE EXTENSION OF RESTRAINT, NEVERTHELESS WE WERE ABLE TO NEGOTIATE ADEQUATE QUOTA ADJUSTMENTS TO PRESERVE HONG KONG'S MARKET ACCESS IN THE ENLARGED COMMUNITY,

"I AM PLEASED THAT WE HAVE REACHED AGREEMENT WITH THE EUROPEAN COMMISSION. THIS DOES NOT ONLY PROVIDE CERTAINTY TO THE TRADE BUT ALSO

HE SAID. ALLOWS TIME TO PREPARE QUOTA ALLOCATIONS FOR 1995,

ACCEDING COUNTRIES

WOULD

QUOTA ADJUSTMENTS FOR INDIVIDUAL BECOME APPLICABLE ONLY UPON THEIR SUCCESSFUL ACCESSION.

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