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(ii) to safeguard, as far as we can, the
trading position of Hong Kong (some
50 per cent of whose total exports
are textiles); and
(iii) if, despite our efforts, further
restraints are placed on non-cotton
textile exports, to avoid diversion
of such exports to the United Kingdom,
which already takes a higher
proportion of developing countries'
textile exports than most developed
countries.
Commodities Department.
29 May 1970.
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