0003230
'G.F. 323
CONFIDENTIAL
1
Enclosure 3
Hong Kong's Restraint Agreement
with Canada
Unilateral Undertaking on Polyester and Polyester/cotton Shirts, Blouses and Trousers
Letter from British High Commissioner to Canadian Minister of Finance
I am writing to inform you that the Hong Kong Government have decided to restrain exports to Canada of the following garments made from polyester fabrics and from blended polyester/cotton woven fabrics of major weight polyester to the limits indicated below for a period of twelve months from 1st October 1968.
Category No.
1
223
Description
Shirts Blouses Trousers
Limit
75,000 dozen 40,000 dozen
55,000 dozen
During the period of restraint it is the intention of the Hong Kong Government to allow any of the category limits to be exceeded by not more than 10 per cent, but the aggregate of the three category limits will not be exceeded. For this purpose it will apply the following conversion factors:
Category No.
Description
1
2
3
Shirts Blouses Trousers
Conversion Factor
24.457 yd./doz.
14.53 yd./doz.
17.797 yd./doz.
The Hong Kong Government will be announcing their decision shortly. I have also been asked to inform you that this decision would be reviewed:
(1)
If it came to regarded as establishing a precedent for other countries to follow, or
(2) If as a result of the decision, Hong Kong was thereby
penalised in relation to her competitors in the trade.
CONFIDENTIAL
0003230
G.F. 323
CONFIDENTIAL
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