9.
by the Swedes was negotiable and he thought it was up to
Hong Kong to get the restraint fixed at the highest possible
level.
. 2) Knitwear: Mr. Stewart said that both production and
imports of women's and girls' discontinuous synthetic knitwear
had fallen in 1967/68.
to do with imports.
The drop in production was nothing
Mr. Jordan said that the drop in imports was due to the fact
that those from South Korea (chiefly women's and girls' low-priced
twin sets) had come under restraint in 1968. He thought this
was also the reason that the consumption figure had dropped rather
than a falling-off in demand. He had asked the South Koreans
why they had so realily agreed to restraining their exports and
they had explained that, at the time they were seeking accession
to G.A.T.T. they had signed an undertaking with Sweden not to
allow their exports to Sweden to reach levels at which they might
injure the domestic industry. This had been 'part of their
payment to Sweden for accession to G.A.T.T. and at the time they
had signed this undertaking they had not envisaged a position
where their exports would be such that Sweden would demand a
restraint from them.
it had been production
Mr. Hughes pointed out that in the period before 1968 production
had risen at the same time as imports
of woollen knitwear that had fallen. Mr. Jordan agreed but said
that on this item he was going to request not only restraint at
the existing level but a figure giving allowance for growth up
to 5%. There would be some degree of roll-back but it would
be less than the Swedes had suggested and calculated on the same
principle as for anoraks.
3) Shirts: Mr. Jordan said that as he had already explained,
/Sweden
No comments yet.
Private notes are available after approval.