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Prices of US bound Hong Kong exports off 25%. (men's apparel)

HONG KONG (FNS) -- Prices for U.S.-bound men's wear exports from Hong Kong are down about 25 per cent from last year because of a decline in business due to a sluggish American market and restrictive trade rules.

The drop-off in orders is also reflected in local quota prices, which are sold in Hong Kong like commodity futures. The slump in demand has knocked down quota prices for most men's apparel in cotton, wool and synthetic fiber categories. For example, last July the quota on cotton knit shirts was $17 a dozen. Currently the quota in that category is around $4. Last year quota on a dozen wool sweaters was $35; now its running about $5.

"It's been a very tough ...

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