TNAG-0244-FCO40-280-Exports-of-textiles-from-Hong-Kong-to-USA-1970 — Page 212

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HONG KONG TEL NO.1 TO WASHINGTON

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AND HAS PUT FORWARD NO FIGURES TO SUPPORT SUCH A CLAIM.

6.

ANY JUSTIFICATION FOR PARTICULAR ACTION AGAINST HONG KONG ON THE GROUNDS OF VOLUME OF IMPORTS WOULD ALSO BE UNJUSTIFIED IN

VIEW OF THE FOLLOWING:~

A) TOTAL (UNDERLINE NEXT WORD) TEXTILE AND GARMENT IMPORTS INTO THE US IN 1968 REPRESENTED 8.7% OF DOMESTIC CONSUMPTION, IMPORTS FROM HONG KONG 1.45. 49% OF HONG KONG' SHARE IS IN COTTON, ALREADY UNDER RESTRAINT SEMI COLON

(B) IN (UNDERLINE NEXT WORD) WOOL OUR SHARE OF THE TOTAL MARKET IN 1968 WAS 3.75 SEMI COLON IN THE FIRST HALF OF 1969 OUR EXPORTS INCREASES BUT AT THE EXPENSE OF OTHER SUPPLIERS, NOT OF THE US INDUSTRY, SINCE (UNDERLINE NEXT WORD) TOTAL IMPORTS DECLINED BY 5.7 SEMI COLON THE YEAR-END FIGURES MAY NOT BE SO FAVOURABLE BUT OVERALL INJURY' IS VERY UNLIKELY TO BE ESTABLISHED

SEMI COLON

(C) IN (UNDERLINE NEXT TWO WORDS) MAN-MADE FIBRE OUR SHARE IN 1968 WAS 0.23% OF CONSUMPTION SEMI COLON

(D) THE HIGH MMF GROWTH FOR HONG KONG (2,353 1969 OVER 1962) IS FROM A VERY LOW BASE AND IGNORES COMPARATIVE FIGURES FOR DOMESTIC INDUSTRY. THUS

(1) IN 1962, US MILL CONSUMPTION OF MMF WAS 2.4 BILLION (REPEAT BILLION) POUNDS, 8,000% HIGHER THAN COMPARATIVE FIGURES FOR IMPORTS, AND IN 1968, IT WAS 5.2 BILLION POUNDS, 3,023% HIGHER THAN FIGURES FOR IMPORTS, WHICH OVER THE SAME PERIOD ROSE FROM 38 MILLION (REPEAT MILLION) POUNDS TO 172 MILLION POUNDS.

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