3.
Hong Kong, there is real force in some of the
arguments which the Hong Kong authorities
have put forward in casting doubts on the likelihood
that other countries will be ready to give up
the Long Term Arrangement, or something very
much like it, in favour of a more strictly
controlled set of criteria under the GATT which
would make it more difficult to impose quota
restrictions on imports. In these circumstances,
I am glad to note that it is accepted that
pending further developments, we shall have to
accept that there may be some spread in the
extent of voluntary restraint arrangements
for some non-cotton textiles.