0003230
G.F. 323
CONFIDENTIAL
MEMORANDUM OF UNDERSTANDING
Enclosure I
This Memorandum sets out the arrangements which have been agreed between the Governments of Canada and Hong Kong regarding the limits to be applied by the Govern- ment of Hong Kong to exports of certain cotton fabrics, cotton apparel, and cotton towels to Canada.
2.
In respect of cotton fabrics, the Governments of Canada and Hong Kong agree that:
3.
(a) these arrangements are made having regard to the
provisions of the Arrangement Regarding Inter- national Trade in Cotton Textiles;
(b) these arrangements relate to the period 1st
October 1969 to 30th September 1970;
(c) these arrangements relate to the products
listed in Annex A which shall form an inte- gral part of this Memorandum of Understanding; (d) during the twelve-month period, the group limit
and the specific limit may be increased by not more than five per cent, with equivalent reduct- ions in the corresponding limits for the succeeding twelve-month period if the agreement should con- tinue after 30th September 1970;
(e) during the twelve-month period, the group limit
prescribed by this Memorandum may be exceeded by an amount equal to the quantity by which shipments in the twelve-month period ending 30th September 1969 have fallen short of the Group Limit set out in Annex B to the Memorandum of Understanding signed between the Governments of Canada and Hong Kong on 10th November 1966, or by five per cent of that Group Limit, whichever is the less.
In respect of cotton apparel, the Governments of Canada and Hong Kong agree that :
(a) these arrangements are made under Article 3 of
the Arrangement Regarding International Trade in Cotton Textiles;
(b) these arrangements relate to the period 1st
October 1969 to 30th September 1970;
(c) these arrangements relate to the products listed
in Annex B which shall form an integral part of this Memorandum of Understanding;
(d) any of the limits on the categories listed in
Annex B may be increased by not more than twelve and a half per cent, with equivalent reductions in other limits using the following conversion factors:
/Category
CONFIDENTIAL
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