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Wednesday, November 28, 1973
"That is not to say that we shall not continue to press our views
and to put forward any further representations we may receive from the
industrial and trading interests in Hong Kong that are affected by this
situation."
Mr. Jordan said that, although it may seem cold comfort to
the textile and footwear industries, there were other aspects of the
scheme that are from Hong Kong's point of view to be improved in 1974.
The average quota levels would be increased by some 40 per
cent, and there will be a reduction in the number of commodities subject
to the tariff quota system.
One of these, locks and padlocks, involved significant Hong
Kong trade.
In addition, the individual country cut-off points within the
tariff quotas have been raised from 20 to 30 per cent for 14 items,
and seven of these are of particular significance to Hong Kong in trade
terms.
These include travel goods, imitation jewellery, primary cells
and batteries, portable electric lamps, radio receivers and parts, tape
recorders and vacuum flasks.
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