TNAG-0633-FCO40-781-Effect-of-GATT-Multi-Fibre-Arrangement-on-Hong-Kong-negotiat-1977 — Page 130

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Section I : Trade Arrangements

Articlo 1

1.

The parties recognize and confirm that, subject to the provisions

of this Agreement and without prejudice to their rights and obligations

under the General Agreement on Tariffo and Trade, the conduot of their mutual trade in textile products qhall be governed by the provisions of the Genova Arrangemont,

2.

In respect of the products covered by this Agreement, the Community

undertakes, subject to the provisions set out in Article 6, not to intro-

duoe quantitative restrictions under Artiolo XIX of the General Agreement

on Tariffs and Trade or Article 3 of the Gonava Arrangement.

3.

Measures having equivalent effect to quantitativa restrictions on

the importation into the Community of the producte oovared by this

Agreement shall to prohibited.

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2.