Soaring quota prices spur earlier review of HK system. (Hongkong's clothing quota system)

From: Daily News Record | Date: July 1, 1986| Author: Ehrlich, Paul Charles | Copyright information

Soaring Quota Prices Spur Earlier Review of HK System

With quota prices soaring for U.S.-bound apparel, Hong Kong's trade department will launch a comprehensive review of the quota system in October, three months earlier than originally planned, a senior department official said.

The move comes as apparel companies become increasingly alarmed that skyrocketing quota prices will drive small manufacturers into bankruptcy and shift overseas orders to other textile-...

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