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W(B)L 51-7406
COMPERTHWATTE.
VK
INTRODUCTION OF, TARIFF ON CUTTON TEXTILES IJAN 1972.
GAP-
· said that the bare fact was the certarity of having gurtas plus tarifs, which would concenbate adverely on a small pary the HK Textile Industry It would be for much to expect the Industry to adjust suddenly to this; the same phasing should apply to textites. CAREY (?) said that thee views had been noted by Ministes; the UK side wre very ready to hold further consultations The policy already approved by Phinists was geaed to deal with the problem of the UK Textite
༡ Industry, & designed to make it competitive. Irene, a combination of tauffs & quitas was not inen table. A liberal tend would be hoped for the EEC, & there was no reason
why on cotton textiles quotas should contimice indefinitely If the was an upainge in the import of gaments, the UK would not return to a comprehensive scheme of quotas It was not the UKs intention to rely on quita protection for this section of the industry. In any event, HK ought to be able to sumount the tariff bames. COWPERTHWAITE felt this was the unit g all worlds to every are
Assuming the UK will join the EET, he felt the UK, once in the EET, would find it impossible to avid imposing quotas.
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one.
CAREY (:) "reiteaded that it was derivable for the UK indenting to it the EER at its most competitive, with only the tariff protection. I quitas were added, the industry would lose its impetus.
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