}
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more of silk or man-made fibres, in which case the rate of duty
is 85 per cent of the m.f.n. rate. The m.f.n. rate for cotton
textiles is and will continue to be 7 per cent on yarn, 171⁄2 per
If the Textile cent on cloth and around 40 per cent on made-ups.
Council's proposal is accepted the duties on cotton would then be the same as they are on man-made fibres, except that there would still be an alternative specific duty on imports of man-made fibre textiles with a higher incidence on very cheap items.
7.
India
Following limited arrangements to control imports in previous years it was decided to introduce a comprehensive scheme of control on 1st January 1966 to restrict imports from all but a handful of developed countries in Western Europe, Forth America and
Australasia for a period of five years. Imports in 1966 were
restricted to the 1962-64 average and were subsequently allowed to
grow by only 1 per cent per annum up to the end of 1970. and Hong Kong each have a country quota of about 200 m. sq. yûs.
All the other countries" share in a so-called global quota of 136 m. sq. yds., half of which is allocated to and administered by
the countries concerned on the basis of their past trade.
other half is pooled and allocated to United Kingdom importers.
more detailed description of the quota scheme is to be found at
Annex 3.
1
The
* Except Japan and the Communist bloc, where trado has been regulated under bilateral agreement since 1945.
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/Other countries' zuotas