TNAG-0631-FCO40-779-Effect-of-GATT-Multi-Fibre-Arrangement-on-Hong-Kong-negotiat-1977 — Page 141

CODE IB-17

254

{

Reference

HKY. 121/616/1

"27"

2807

Note for the file:-

HONG KONG TELNO 793:

1.

TEXTILES

Using Hong Kong 1976 trade statistics I have investigated the importance of Sweden to Hong Kong as a market for textiles.

Total Exports to Sweden

Textile Exports to Sweden

In HK$m.

1975

1976

483.9

725.8

28.3

32.5

2.

While total exports rose by 50%, textiles exports rose by only 15%. Therefore textiles are playing a less important role in Hong Kong's trade with Sweden.

3. These items make up a little over half of textiles exports to Sweden. These, together with 1976 values in HK$m. are:

Made up canvas

Jeans and denim

4.3

3.9

Cotton sheeting

2.4

Polyester/cotton fabric

(not grey)

2.3

2.0

Bedspreads

1.9

Polyester/cotton fabric

4. There is therefore a different mix from the EEC sensitive products and none of the categories in this list are particularly important in value terms compared to Hong Kong's total exports.

5.

For comparison, total Hong Kong textile exports to the EEC in 1976 were 603.0 HK$m. Exports to Sweden are only 5.4% of that.

Textile

27 October 1977

Thompson K 245

Hong Kong & General Dept