DRAFT TELEGRAM
TO:
GENEVA
RFI :
ROME, HONG KONG
PRIORITY
RESTRICTED
GATT COUNCIL : 16TH DECEMBER
3
THE FOLLOWING 13 GUIDANCE ON ADDITIONAL ITEMS CONTAINED IN
GATT/AIR/766.
ITEM NO. 1. PERUVIAN IMPORT RESTRICTIONS.
YOUR CREDA 176 REFERS.
WE FEEL THAT A MORE PRODUCTIVE DISCUSSION OF PENN'S IMPORT RESTRICTIONS
AND VERY REAL BALANCE OF PAYMENTS DIFFICULTIES COULD BE HELD IN THE NORMAL
BALANCE OF PAYMENTS CONSULTATION, DUE MID-1970, WHEN THE EFFECT OF THE NEW
RESTRICTIONS WILL BE MORE EVIDENT. YOU SHOULD THEREFORE SUPPORT IF
NECESSARY PENN'S SUGGESTION THAT THIS COURSE BE FOLLOWED.
ITEM NO. 2. REPORTS UNDER WAIVERS.
ITALY/SOMALIA.
WE HAVE NO INTEREST IN THE TRADE COVERED BY THIS WAIVER AND YOU MAY
AGREE TO THE EXTENSION OF THE WAIVER FOR ANY PERIOD FOR WHICH THERE IS
GENERAL SUPPORT.
ITEM NO. 3. FINANCIAL QUESTIONS. BUDGET COMMITTEE
SUPPLEMENTARY REPORT.
YOU HAVE ASKED IF WE APPROVE THE AGREEMENT REACHED ON THE ACCOUNTING
ARRANGEMENTS TO BE MADE FOR THE OVERHEAD COSTS OF VOLUNTARY PROGRAMMES IN
THE BUDGET OF THE UNCTAD/GATT INTERNATIONAL TRADE CENTRE (FALL'S LETTER OF
/8TH