TNAG-0633-FCO40-781-Effect-of-GATT-Multi-Fibre-Arrangement-on-Hong-Kong-negotiat-1977 — Page 136

Artiola 6

· :

1. In view of the wall established and effective Hong Kong System of

Export Authorization, exports of textile products described in the caterics

listed in Annex I which are not subject to quantitative limits in Annex II

shall be subject to the issue of export authorizations,

2.

In respect of the textile products covered by export authorizationa

mentioned in paragraph 1 above, the Community may request consultations in in accordance with the procedure described in paragraph 1 of Artiolo 13, with

a viow to ostablishing a quantitativo limit,

3. Until a mutually acceptable conclusion has been arrived at by means

of such consultation, Hong Kong undertakes, if so requested, to suspend from the date of receipt of the request for consultation, the issua of export authorizations for the product or products in any category con- cerned, and to inform the Community forthwith of the level of quantitios covered by export authorizations issued at the time of suspension.

The Community shall accept exports from Hong Kong of the product or products concerned up to the level mentioned above.

4.

}

Should the parties be unable in the course of consultations held in accordance with the provisions of paragraph 2 to reach a mutually acceptable col tion within the period specified in paragraph 1 of Article 13 of this Agreement, the Community shall have the right to request Hong Kong to limit exports or thu

product or products in the category in question for the Agreement year in

which the request for consultations is made and for each subsequent

Agreement year, at levels indicated by the Community, provided that the leval

for the Agreement year in which the request for consultation is made is not

lower than the level of export authorizations issued at the time of

Buspension, Hong Kong agrees that it will comply with such a request to

limit exports.

./..