be faced with both quotas and tariff.
The President of the
Board of Trade did, however, make it clear in his statement to Parliament, that this would happen only under certain circumstances,
as follows :
6.
}
"The Government would consider the use of quotas only on particular products under the long term cotton arrangement of the GATT, and only if the total imports of cotton textiles rose significantly above the present level and caused
11
disruption to the market in those particular products. Imports of non-cotton textiles from the Commonwealth are not subject to quantitative restrictions but are already subject to tariff at the Commonwealth Preference rate (i.e. 85% of the m.f.n. rate). The position will therefore remain unchanged.