B.
1.
BASKET EXTRACTOR CALCULATION3.
WE OBSERVED THAT THE COMM1931OR CALCULATIONS OF BACKET
EXTRACTO LEVELS CISCULATED SOME WEEKS AGO APPEARED TO BE
BASED LARGELY ON 1977 TRADE, WHICH WAS CORRECT, BUT IN CERTAIN
PESPECTS ON 1976 TRAGE. WE ASKED WHY THIS SHOULD BE SO. WE
ALSO POINTED OUT THAT THE BASIS FOR CERTAIN CALCULATIONS WERE
FIGURES WHICH INCLUDED IMPORTS UNDER INWARD PROCESSING ARPARGE-
MENTS: TO BE CONSISTENT, WE SHOULD TAKE ACCOUNT OF THE SAME FACTOR WHEN GETTING IMPORTS AGAINST BASKET THRESHOLD LEVELS. THE COMMISSION
SAID THEY WOULD REPLY TO THESE COMMENTS IN NEXT WEEK'S MANAGEMENT
COMMITTEE.
C. HONG KONG RULES OF ORIGIN.
2.
THE COMMITTEE FINALLY AGREED THAT HONG KONG SHOULD BE ALLOWED TO DEROGATE FROM THE COMMUNITY'S RULES OF ORIGIN, UNTIL THE END
OF THIS YEAR ONLY, IN RESPECT OF HANKERCHIEFS AND GED LINEN,
•
THE FABRIC FOR WHICH COMES LARGELY FROM CHINA, A GERMAN SUGGESTION
THAT SIMILAR DEROGATION SHOULD BE ALLOWED FOR A WIDER RANGE OF
PRODUCTS FOR A LONGER PERIOD WAS FIRMLY SQUASHED BY THE COMMISSION.
+ SEE M I FT.
FCO COPY TO:-
FCO
CAB
DO!
MCCLINEY E13(E)
BLACH
OPOMPTON, FARRY (CT), RIDLEY, UDSON DOT HELLINGS, SPENCER (CRE 1), GRAY -
MAITLAND
HNNN
Page 210Page 211
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