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problems caused by cotton imports;
there was no such
instrument for non-cottons.
Furthermore he presumed that
when the cotton comprehensive bilateral agreement was
negotiated certain compensations were given to Hong Kong
in exchange for extending coverage to items which Hong Kong
did not ship.
84.
Mr. Nehmer expressed the view that at the time
the cotton agreement was made Hong Kong was prepared to
sacrifice principle for square yards; in this case
Hong Kong seemed to be standing on principle. Sir Eugene Melville
thought the principles very important and that it was therefore
necessary for them to be considered by the G.A.T.T.
Mr. Nehmer
felt that there was no new principle involved in the U.S.
proposals which were merely extensions of the principles
already established for cotton.
85.
Sir Lugene Melville said the circumstances in
which the L.T.A. was negotiated were quite different from
those which applied today to non-cottons.
The L.T.A. was
to give the cotton industries of the developed countries
time to adjust to changed circumstances;
need for the non-cotton industries.
there was no such
86.
Mr. Blackman expressed himself taken aback at
the notion that restraint should not be imposed on items
which Hong Kong was not exporting. Did this mean that'
Hong Kong would welcome restraint on those items which it
/was
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