TNAG-0242-FCO40-278-Conduct-of-Hong-Kong-commercial-relations-1970 — Page 46

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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1. Ad Article 3, paragraph 3

ANNEX E

Interpretative Notes

In Canada, there is no legislation whereby imports may be limited in a precise quantitative manner as envisaged in this paragraph. The provision available for limiting imports in order to avoid injury or a threat of injury to a domestic indus- try is contained in Section 40 A(7) (c) of the Customs Act which authorizes the application of special values for duty purposes. These special values cannot be used to achieve a precise level of imports. Accordingly, the participating coun- tries recognize that, should Canada find it necessary to take action to limit imports pursuant to this Arrangement, it would not be in a position to ensure that imports would not fall below the minimum level as defined in this paragraph.

2. Ad Article 9

Notwithstanding the provisions of Article 9 any country which is applying a criterion based on value will be free to continue to use that criterion for the pur- poses of Article 9.

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