TNAG-0345-FCO40-381-UK-and-Hong-Kong-talks-on-cotton-textiles-1972 — Page 194

On the other hand however

c.) She recognised that liberalisation would

mean that her exporters could move increasingly

out of fabrics

ups sector.

into the mire

more profitable made-

(2) At Hong Kong's request, we had talks with

Gariff

ト

XV prember Cambaruaay

her about the 1969 decision in bon

and February 1971, but

stofst orde

1970

made it clean me

we peftis fa

Asday of the arched apart of modifica

мене

decision

the

wered that finefined to modify the decision on to for compevation for any compensate Hong Kong for any adverse effects it might have

export trade.

her

Re

recent decision however

to have both tariffs and quota in 1972

actually improves Hong Kong's position by

moving

difficulkes

a)

above.

bj India, witho is similarly placed, hasachnewledged this. In willtio

have evidence from a

We

that Hong Kong exporters

mmmber of q

are now

insisting

C

re- negotiation of their prices for 1972; the

Importers

Grey clith Merchant Assocation Greycloth

/

the interests of UK importers) are

to take over

at lelust

1

(who represent

urging Hing

administation of the Hong Kong