Word: garmental
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...Hong Kong, the newly formed Hong Kong Garment Manufacturers (for the U.S.A.) Assoc., fearful of U.S. tariffs against their ever increasing garment exports, set up a voluntary three-year quota system for shipments of cotton goods to the U.S. (TIME, Dec. 14). With the blessing of the colony's government, the new restrictions limit 1960 exports to the U.S. to the 1959 figures plus a 15% increase; in each of the next two years, there would be an additional 10% increase...
Hong Kong's quota restrictions raised a furor in both the crown colony and the U.S. Many of the garment manufacturers are bitterly opposed to the restrictions set up by the Garment Manufacturers' Assoc., which, however, does include 85% of all the manufacturers exporting to the U.S. But, says one exporter realistically: "Put us out of work with high tariffs and you hand the colony to the Reds...
...pieceworkers in cramped cubby holes and back rooms, more and more are coming from new, modern factories such as Lee's. He employs 5,000 workers, v. 150 when he started, has one factory running three full shifts a day, spinning, weaving, dyeing, cutting and sewing cot ton garments for export. Last August he added a new factory to weave 1,000,000 yds. of cloth per month, cut 60,000 gar ments a day. His own garment exports to the U.S., 15% of the crown colony's, have risen from...
Others have prospered along with Lee, and the Hong Kong garment industry to day has estimated assets worth $200 million. Exports to the U.S. (chiefly brassières, nightgowns, pajamas, blouses and men's slacks and shirts) are expected to be more than $80 million this year, a 140% increase over last year. Though still less than 3% of total U.S. consumption, it is the concentration of items in particular areas that has most aroused U.S. industry and labor opposition. In the field of brassieres alone, Hong Kong imports account for an estimated 40% of the U.S. market...
Discipline. To see what could be done, U.S. Assistant Secretary of Commerce Henry Kearns journeyed to Hong Kong fortnight ago. Said Kearns to a meeting of Hong Kong garment leaders for the second time in a year: "Don't reduce your exports. Just don't ship unduly heavy quantities which would wreck a specific American industry." To many a successful Hong Kong Chinese garmentmaker, voluntary curbs seem to be a high price to pay for a success built with little U.S. aid in the face of stiff Japanese and European competition. Many are balking, though Lee argues that...