Our lof:
46/53/WG/376/0(C)
Your Rof: CR/BIC 204/5/12/2
J.K.K. Yuc, Bec.,
Asst. Commissioner (2)
Ropartment of Commerce industry, 46, Connaught Rond Central,
Hong Kong.
22nd. September, 1976
34
oven hints to the U.X.
Further to my letter of 13th. September, I enclose an analysis of V.i. chint inmorts (prepared by P.C. Loung from detailed brueltdowns obtained from 1.1. Customs & Excise Statistical Office).
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2. This analysis shows a significant decline in K's share of Un Amorts of roman months of ons shipps in the fingb sumon of total
total inports as against 06.0) in Jan - July 1075) and on even larger decline in le chare of UK imports of knitted shirts (20.30% of total imports Pin metal pinos observations about increased i morts from This Clown
Tovon shirts) Tortul (nitted shirts) hd, to a learer sirbant, Foland (woven and knitted shirts). oro alific:nt incansos were in imports of woven clints from China (the further growth of which had been stonned by the
contours i mite restriction of 450,000 shirts for 1973 compered with actual imports of only 10,000 in 1975) and of wOTUN wi Miood cirts fron Fakisten end Ronnia.
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The tables clc: that these increases have mostly boзn gained at the omenco of aivan and South Korea but it is sonevhat disturbing that Long Long has lost business to other polucens at a time when unfilled quotas have been available.
asion of this lies mainly in s price of Ia products
U buyers. The denneciation of sterling ecinct Me Hong Kong dollar amounts to nearly 20 over the past year and to nearly 50% since September 1974.
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