TNAG-0245-FCO40-281-Exports-of-textiles-from-Hong-Kong-to-Sweden-1970 — Page 35

0003230

*G.F. 323

CONFIDENTIAL

MEMORANDUM OF UNDERSTANDING

Enclosure

Introduction

This Memorandum of Understanding sets out the arrangements

that have been agreed between the Governments of Sweden and

of Hong Kong regarding the limits that the Government of

Hong Kong are to apply to exports of certain garments for

importation into Sweden.

2. In reaching agreement on these arrangements, both

Governments have had regard to the provisions of the

Arrangement regarding International Trade in Cotton Textiles,

in particular to Article 3 of that Arrangement, and Article

XXII (1) of the General Agreement on Tariffs and Trade.

Coverage

3. These arrangements apply to Hong Kong's exports to Sweden

of the items listed in the Annex to this Memorandum.

Restraint Period

4. These arrangements will apply from 1st July 1970 to

30th June 1971. During this period, the Hong Kong Government

will limit exports to Sweden of the items listed in the

Annex to the levels set out therein, save as provided for in

paragraph 5.

Carryover

5. If in the periods covered by the Agreements expiring on

30th June 1970 exports from Hong Kong to Sweden are less

than the levels specified in column (e) of the Annex to the

Memorandum of 4th July 1969, or those listed in column (d)

of paragraph 1 of the Director of Commerce and Industry's

letter of 4th July 1969, Hong Kong may export amounts

CONFIDENTIAL