ir Hania konci's REACTIONS TO THE TARIFF DECISION 200 When the Crosland Fariff / liberalization policy
in 1969, Hong Kong
announced
opposed to it
a)
IN 1969
W (^^
was strongly
on the following grounds:
She feared ther the introduction of the
tarift wrived result in loss of the
of the quaten
As thong Kong admistimed the quota itself, her premium, fattored under the quota nestrations
expantens operated in a sillers' matkat and couill of Cand
for the operation of the restraint
Campsxsaction
ded) inflate their prices accordingly. This situation would
end with the diso
to "absorb"
wind
lexappear if guitar
ance of quietas, expenting is new Eduffy receipted
montefuent
one effent.
intain their shancey the manket
we of
reduction
in a profitability;
Tarif
a consequent
witin a
>
in 1971
16) Similarly, if she were deprived of her b) large quota allocation (194 m. sq. yos, ) and of most of her CPA preference, Hong kong
we face
increasing competition from agressive Competitors such as S. Korea and Taiwan,
both of whom
costs
and
much lower labour
have
were limited
schone to very small
under the 1966-71
-1971
quotas CA Comming
་་
quotas of 5.2 m.sq. yds and
respectively).
2.6
M.5q.yo's
ނ
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