2840+
HKGOVT G
MULTI ADDRESS CALL MOM
75126 CND1 HX
158L FOR LONDON, BRUSSELS AND GENEVA OFFICE
FOLLOWING IS SUMMARY OF NEW EEC/HONG KONG TEXTILE AGREEMENT
THIS TOGETHER WITH RELEASED TO THE PRESS TODAY (7 DECEMBER). THE ATTACHED APPENDICES ARE ALSO BEING SENT TO YOU BY EXPRESS
TEXT OF COVERING PRESS STATEMENT AIRMAIL (SEE MY 157L).
FOLLOWS SEPARATELY.
BEGINS
DURATION
THE NEW AGREEMENT HAS A DURATION OF FIVE YEARS BEGINNING ON 1 JANUARY 1978.
DEFINITION
2.
THE NEW AGREEMENT APPLIES TO TRADE IN TEXTILE PRODUCTS ORIGINATING IN HONG KONG OF COTTON, WOOL AND MAN-MADE FIBRES. GOODS OF A MIXTURE OF TWO OR MORE TEXTILE MATERIALS ARE CLASSIFIED AS IF CONSISTING WHOLLY OF THAT ONE TEXTILE MATERIAL WHICH PREDOMINATES IN WEIGHT OVER ANY OTHER SINGLE TEXTILE MATERIAL.
STRUCTURE, CATEGORISATION AND SPECIFIC LIMITS
TEXTILE PRODUCTS COVERED BY THE AGREEMENT FALL UNDER 5 MAIN GROUPS AND 11 CATEGORIES.
UPS
FOR THE FIRST YEAR OF THE NEW AGREEMENT, 41 CATEGORIES WILL 3 SUBJECT TO SPECIFIC LIMITS, DETAILS OF WHICH ARE SET OUT IN ENCLOSURE 2. IN ADDITION, 6 OF THESE CATEGORIES HAVE SUB-LIMITS.
5!
THE COVERAGE OF MANY OF THESE SPECIFIC LIMITS DIFFER FROM
ENCLOSURES 3 AND 4 SET OUT THE THOSE IN THE CURRENT AGREEMENT. CORRELATION OF THE SPECIFIC CATEGORIES UNDER THE NEW AGREEVENT AND THE CURRENT AGREEMENT.
GROWTH
6.. THE 1978 RESTRAINT LIMITS REPRESENT IN GENERAL THE LEVEL OF TRADE ACHIEVED IN 1976 (THE EXCEPTIONS BEING CATEGORY 2 - COTTON FABRICS, CATEGORY 6 - WOVEN TROUSERS AND SHORTS, CATEGORY 8 -
FOR 1979 WOVEN SHIRTS, AND CATEGORY 13 - KNITTED BRIEFS).
AND SUBSECUENT YEARS, THE GROWTH RATE VARIES FROM 0.25 PERCENT
TO 7 RESCENT,
No comments yet.
Private notes are available after approval.