TNAG-0632-FCO40-780-Effect-of-GATT-Multi-Fibre-Arrangement-on-Hong-Kong-negotiat-1977 — Page 106

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will start looking for alternative sources of supply and they will not be able to find among the 'newcomers and 'small suppliers'

the quality and quantity combined of the goods that they have. previously imported from Hong Kong and other sources.

And so even though some of the developing countries to which the EC intends to give larger quotas at Hong Kong's and others expense will supply cheaper goods, EEC importers are likely to turn instead to the developed countries whose goods although more expensive will be of a quality acceptable to the European

consumer.

Hong Kong

October 1977

Ref. CR/EIC 230/5/12/4 II

"