TNAG-1447-FCO40-1931-Executive-Council-of-Hong-Kong-memoranda-and-minutes-of-meet-1986 — Page 59

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CONFIDENTIAL

MEMORANDUM OF UNDERSTANDING

ANNTIA A

1.

Having examined the current pattern and development of trade

in certain textile products exported from Hong Kong to Switzerland, the Government of Hong Kong and the Government of Switzerland agree that an export authorisation system involving the following arrangements shall be introduced for twelve months from 1 July 1984 in respect of the products listed in Column (c) in the Annex to this

Memorandum.

Att. A

Att. B

2.

The Government of Hong Kong shall require all exports to

Switzerland of the products listed in Column (c) in the Annex to be covered by export authorisations (Attachment A) issued by the Hong Kong Trade Department. An export authorisation shall be issued only on evidence of a firm contract for the supply of the goods involved

and shall be valid for three months from the date of issue. Export

licences (Attachment B) to ship goods covered by an export

authorisation will be issued by the Government of Hong Kong on presentation of the relevant export authorisation within the latter's validity period. An export licence shall be valid for twenty-eight

days from the date of issue. The Government of Hong Kong shall not issue export licences in respect of exports to Switzerland of products listed in Column (c) in the Annex which are not covered by a valid

export authorisation.

3.

The Government of Hong Kong shall provide the Government of

Switzerland with half-monthly statistical returns showing the quantities covered by export authorisations issued to Hong Kong exporters in respect of the products listed in the Annex. Hong Kong agrees to notify Switzerland immediately of any application for an export authorisation which is unusually large or of any undue

concentration in applications for export authorisations.

CONFIDENTIAL

14.

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