TNAG-0046-FCO40-82-Britain-s-entry-into-EEC-effect-on-trade-with-Hong-Kong-1967 — Page 70

0003230

G.F. 323

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-. 3 ..

U.K.

Singapore

S. Africa

Value

Tariff

9.5 million

nil

3980 thousand

nil

$330 thousand

5% - 20% a.v.

There are no exports Exporters consider

out of total exports valued at $13.2 million. of any significance to E.E.C. Member States. that this is due to the fact that the industry is geared to U.K. requirements and has made little attempt to break into the E.E.C. where the electricity supply system differs in a variety of ways from that in the U.K. As the Kennedy Round is expected to reduce the C.E.T. from 1% to 6.5% Hong Kong may be able to sustain the loss of preference in the U.K. market.

Lighting sets, electrical, decorative (including Christmas tree lighting sets)

812 425)

This item was not separately classified in Hong Kong

trade statistics until 1964.

In 1966 principal export markets were

Value

U.S.A.

5.2 million

U.K.

34.3 million

Tariff

10% a.v.

nil

Belgium anu

Luxembourg

220 thousand

14% a.v.

Exports appear to tariff and it may be would not have too

out of total exports valued at $12 million. have little difficulty surmounting the U.S. assumed that the adoption of the 14% C.E.T. depressing an effect on this item's export performance in the U.K. market. In any case, this tariff is to be reduced to 7% as a result of the Kennedy Round. Although, as in the case of electric bulbs, there will be keen competition from the E.E.C., Taiwan and South Korea, exporters consider that Hong kong should be able to remain competitive without preference, and to break into E.E.C. markets if the industry is prepared to meet the more stringent safety regulations currently in force in the Community.

Shopping bags, haversacks and rucksacks of all

materials (851 004)

In 1961 principal export markets were

U.K.

Nigeria

U.S.A.

$770 thousand

$400 thousand.

$310 thousand

out of total exports valued at $2.6 million. Total exports to E.E.C. Member States were valued at only $100 thousand. however, the situation had changed to

By 1966,

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