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TALKING POINT ABOUT THE OPPORTUNITIES OPEN TO INDIAN TEXTILE
INDUSTRY, WHICH I HAD UNDERSTOOD TO BE FULLY COMPETITIVE IN BRITISH
HARKET. MIGHT IT NOT THEREFORE BE BETTER TO USE A SOMEWHAT MORE
FLEXIBLE FORMULA, TO EFFECT THAT IF IT TURNS OUT THAT INDIA LOSES
BY OUR DECISION, WE SHALL BE PREPARED IN FUTURE YEARS TO CONSIDER
APPROPRIATE COMPENSATION UNDER OUR AID PROGRAMME. I REALISE POSSIBLE
DIFFICULTIES WITH OTHER COMMONWEALTH SUPPLIERS, BUT THESE SEEM
LIKELY TO ARISE IN ANY CASE FROM STATEMENT AS DRAFTED.
3. I SHOULD BE GRATEFUL FOR REPLY BY FIRST THING TUESDAY MORNING,
22 JULY.
SIR M. JAMES
INTERNATIONAL TRADE DISTRIBUTIONS
COMMODITIES D.
SCUTH ASIAN DEPT.
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ADVANCE COPIES SENT
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