0003230
G.F. 323
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23 -
repercussions for international trade.
54.
Mr. Nehmer agreed and said this was why the U.S.
Government saw it as essential that the textile problem
should be solved; it would not just go away.
55.
Sir Eugene Melville said that he and his colleagues
had listened to the information presented by the U.S.
Government's representatives with a great deal of care
and attention as was evinced by the numerous questions of
clarification which had been asked. Whilst he personally
was not convinced that the information adduced so far
indicated that the U.S. textile industry was suffering
serious injury as a result of imports, this was not to
say that he did not think a problen existed for the U.S.
Government. His concern was to relate that problem to the
impact of inports and to consider possible solutions to
it in the context of international trading obligations.
56.
The discussions were adjourned for luncheon at
12.45 p.m.
They were resumed at 15.35.
57.
Mr. Nehmer said he would continue by providing
further information with regard to paragraph 6 of the H.K.
Government's Note relating to sales, profits and production.
58.
In introducing his remarks, Mr. Nehmer explained
that published data relating to production and sales covered
only public companies. It was estimated that there were
altogether some 35,000 plants in the textile and apparel
/industry.
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