Provisional Translation
| OTO No. | 555 | Classification | MITI-132 |
|---|---|---|---|
| Date of Acceptance | March 31, 1997 | Ministry/Agency Receiving Complaint | Economic Planning Agency |
| Responsible Ministries | Ministry of International Trade and Industry | Related Laws | Foreign Exchange and Foreign Trade Law |
| Complainant | Domestic firm | Exporting Countries | China |
| Subject | Relaxation of import restrictions of silk woven fabrics processed under bond | ||
| Details of Measures | The complainant states that the application of import restrictions and export quotas should be reviewed or changed to exempt woven silk fabrics imported from China and processed under bond for re-export, and that small and medium-sized businesses should be granted sufficient export quotas. The following answer was given: 1. Since 1976, the government has held consultations with China and the Republic of Korea to set yearly import quotas for silk thread and woven silk fabric. To guarantee this agreement, import control has been carried out based on Foreign Exchange and Foreign Trade Control Law. Since it was agreed in the consultations that portions of the above items intended for re-export would be subject to the same import controls, imports of woven silk fabrics processed under bond cannot be exempt from import controls. Regarding import controls for the woven silk fabrics in question, the WTO agreement on textiles calls for gradual abolition within the next 10 years, and this will be carried out. 2. Imports of woven silk fabrics are currently under import quotas under Foreign Exchange and Foreign Trade Control Law. Where the quotas are concerned, quotas are being awarded on a first come first served basis, based on applications by companies, to permit companies without any past import record to enter the field, and this system can be used for this purpose. |
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| Classification of Processing | D | Directions | III IV |
| Remarks | |||