TNAG-0046-FCO40-82-Britain-s-entry-into-EEC-effect-on-trade-with-Hong-Kong-1967 — Page 90

0003230

G.F. 323

CONFIDENTIAL

- 5-.

Value

U.K.

$16.0 million

Indonesia

$4.0 million

Tariff

nil

unknown

Kenya

$2.9 million

40% a.v. or ls. per

Malawi

$2.1 million

out of total exports of $37.1 million. exports to E.E.C. Member States.

sq. yd. whichever is the higher

35% a.v. or 1/1d. per sq. yd. which- ever is the higher

There were no significant

In 1966, there were recorded exports of this item to sixty-four markets and Hong Kong has shown some success in surmounting tariffs in Kenya i Malawi which are well above the C.E.T. level. However, performance in these markets still lags behind that in the UK. on which this item is highly dependent. There is no known reason for the lack of exports to E.E.E. Member States but if it is because Hong Kong is uncompetitive, its trade with the United Kingdom could be seriously affected by reverse preferences.

Table damasks and manufactures of, cotton,

not embroidered

(656 901

In 1961, the principal markets for this item were

$2.3 million

U.K.

$662 thousand

•M

Germany

$302 thousand

Italy

out of total exports of $3.6 million. markets were

In 1966, the principal

Value

Tariff

U.K.

$2.2 million

nil

U.S.A.

W. Germany

$709 thousand

$453 thousand

12.5% a.v.

17.6% a.v.

Italy

$387 thousand

21%

&.v.

out of total exports of $5.5 million.

This item has become less dependent on the U.K. market than in 1961 and some progress has been made in the U.S. market. However, in 1966 the U.K. still accounted for 41% of total exports of this item and the adoption of the 22% C.E.T. (14% after the Kennedy Round cuts) could have an adverse effect on the trade, although the successes in the E.E.C. give some cause for optimism.

CONFIDENTIAL

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