TNAG-0630-FCO40-778-Effect-of-GATT-Multi-Fibre-Arrangement-on-Hong-Kong-negotiat-1988 — Page 82

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1) IMPORTS OF TEXTILES FOR RE-EXPORT FORTHWITH OR AFTER PROCESSING WOULD NOT BE SUBJECT TO THE QUANTITATIVE LIMITS

INSTITUTED BY THE AGREEMENT WHERE DECLARED AS SUCH UNDER AN ADMINISTRATIVE MONITORING SYSTEM TO BE ESTABLISHED IN THE COMMUNITY. PROVISION WOULD ALSO BE MADE FOR SUBSEQUENT ADJUSTMENT OF THE AMOUNTS TO BE CHARGED ACCORDING AS A

PRODUCT IMPORTED HAD OR HAD NOT ACTUALLY BEEN MARKETED

WITHIN THE COMMUNITY;

111) OUTWARD PROCESSING TRAFFIC

IT WOULD BE SPECIFIED THAT WITH REGARD TO YUGOSLAVIA, HUNGARY, RUMANIA AND POLAND EACH MEMBER STATE WOULD BE ALLOWED TO CONTINUE APPLYING ITS OWN NATIONAL

SYSTEM PENDING THE INTRODUCTION OF A COMMUNITY REGULATION:

FOR THE OTHER SUPPLIER COUNTRIES, RE-IMPORTS OF THE

PRODUCTS CONCERNED WILL DE COUNTED AGAINST THE

QUANTITATIVE LIMITS AGREED UPON FOR NORMAL IMPORTS.

(C) FLEXIBILITY

AFTER PRIOR CONSULTATION, EXPORTING COUNTRIES WILL

BE ABLE TO MAKE USE OF THE FOLLOWING POSSIBILITIES:

AHEAD-OF-SCHEDULE USE AND CARRY-OVERS: 5 TO 10%

ACCORDING TO THE GROUP OF PRODUCTS AND THE SIZE OF THE

LIMIT IN QUESTION:

TRANSFER FROM ONE PRODUCT TO ANOTHER WITHIN EACH GROUP OF PRODUCTS (PERCENTAGE STILL TO BE AGREED UPON) ALTHOUGH THIS OPERATION WILL NOT BE PERMITTED FOR PRODUCTS IN GROUP 1.

N.3.:

THE CUMULATIVE EFFECT OF THESE THREE TYPES OF

OPERATIONS WILL BE LIMITED IN A CLAUSE AT A YET UNSPECIFIED

PERCENTAGE.

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