TNAG-0763-FCO40-967-Effect-of-GATT-Multi-Fibre-Arrangement-(MFA)-on-Hong-Kong-ex-1978 — Page 76

Article 4

Protocol A

Exports shall be set off against the quantitative limits established

for the year in which shipment of the goods has been effected, even if the export licence is issued after such shipment.

Section II: Importation

Article 5

Importation into the Community of textile products subject to quanti-

tative limits shall be subject to the presentation of appropriate import.

documents.

Article 6

The competent Community authorities shall issue appropriate import documents automatically within five working days of the presentation of a

certified copy of the corresponding expart licence by the importer.

The appropriate import documents shall be valid for six months.

Article 7

1. If the competent Community authorities find that the total quantities covered by export licences issued by Hong Kong for a particular category in any Agreement year exceed the quantitative limit established in Annex II

for that category, as may be modified by Articles 5 and 11 of the Agreement, the said authorities may suspend the further issue of appro-

priate import documents. In this event, the competent Community autho-

rities shall immediately inform the authorities of Hong Kong and the special consultation procedure, set out in Article 13 of the Agreement, shall be initiated forthwith.

2. The competent Community authorities may refuse to issue import documents

in respect of exports of Hong Kong origin not covered by Hong Kong export Licences issued under the provisions of this Protocol.

However, if the imparts of such products are allowed into the Community by the competent Community authorities, the quantities involved shall not be set off against the appropriate limits set out in Annex II without-

*he express agreement of Hong Kong.