TNAG-1610-FCO40-22132-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 241

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2.

We expect utilisation of EEC quotas to increase

somewhat in 1987-88, partly because recent trends in

exchange rates are tending to make our exports more

competitive in the EEC, and partly because the new HK/EEC

textiles agreement, which took effect this year, for the

first time allowed some modest transfer of quota between

Member States. We plan to continue to ensure that such

flexibility as is available under the agreement is used to

the full extent that demand permits, including this new

provision for transfer between States.