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As for shortage of productive capacity, if this was in
fact the case, the U.S. Government would be ready, as
it had in the past, to make special arrangements to
allow imports to fill demand which U.S. producers could
not take up.
23.
Referring back to earlier remarks that there
had been a falling off in the rate of growth of m.m.f.
and wool imports since 1966, Mr. Bodner pointed out
that the fall off had been principally due to decreases
in the import of yarn.
24.
Following on from this, Mr. Schiff agreed
that the growth had moderated but thought that 1966.
could not be taken as a typical base year because this
had been a year of major war effort in Vietnam which
had led to increased demand in the U.S. market which
in turn had sucked in huge imports. A drop in the growth
of imports based on an atypical year tended to distort
the picture.
Mr. Stewart pointed out that distortions
occurred in many fields but tended to compensate one
another.
25.
Mr. Nehmer said that the picture was one of
a rising import/consumption ratio for man made and wool
fibre textiles. He again stated that the U.S. Government
was seeking only a moderation in the rate of growth. ·
An instrument for man made and wool fibre textiles
/similar
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