15
Mysand Commodities Rept
OUT TO TOKYO TELNO CREDA 23 OF 12/2 CYPHER/CAT A UNIT 10 CLARK
OUT TO SEOUL
OUT TO HONG KONG
CYPHER/CAT A
Rey PIA
Tasan fie UK. policy pile,
PRIORITY BOARD OF TRADE
TELEGRAM NUMBER CREDA 23
CONFIDENTIAL.
Trade Policy D Far Eastern D
Promoting
Export NO DISTRIBUTION
19/2
TO TOKYO
12 FEBRUARY 1970
RECEIVED IN
REGISTRY No.45 19 FEB 1970
MC13/304/1
ADDRESSED TO TOKYO TELEGRAM NUMBER CREDA 23 OF 12 FEBRUARY REPEATED FOR INFORMATION TO GOVERNOR HONG KONG, SEOUL, TAMSUI, UKMIS GENEVA AND WASHINGTON.
FOR CORTAZZI FROM GOLDSMITH. TEXTILES.
Copy on
mc.2/5753/1
WE HAVE MISGIVINGS ABOUT THE SUGGESTED QUOTE MULTINATIONAL MEETING OF TEXTILE EXPORTING COUNTRIES UNQUOTE. THE PARTICIPANTS WOULD PRESUMABLY BE ALL COUNTRIES WITH SIGNIFICANT EXPORTS
1
OF ANY TEXTILES TO THE U.S.A. IT IS UNCLEAR WHETHER OR NOT THE
JAPANESE ENVISAGE U.S. REPRESENTATION. THEY ONLY DOCUMENTATION WOULD
BE THE NOTES PRESENTED BY THE UNITED STATES TO THE JAPANESE GOVERNMENT INTENDED TO PERSUADE THE LATTER TO AGREE TO A BILATERAL RESTRAINT ARRANGEMENT.
2. AS WE SEE IT, THE OUTCOME OF SUCH A MEETING, UNLESS IT WERE INDECISIVE, WOULD BE EITHER
(1) A FLAT REJECTION OF THE CASE ON INJURY GROUNDS PRESENTED BY THE U.S. TO THE JAPANESE OR
(11) ACCEPTANCE THAT THERE WAS INJURY OR A THREAT OF IT IN CERTAIN LIMITED SECTORS IN WHICH CASE THE JAPANESE WOULD NO DOUBT ARGUE,.. ON THE PRINCIPLE OF EQUALITY OF MISERY, THAT EVERYBODY SHOULD RESTRAIN THEIR EXPORTS TO SOMETHING LIKE EXISTING LEVELS OF TRADE IN THOSE SECTORS.