19.
QUESTION:
What stage has been reached in the introduction of a
tariff on cotton textiles instead of a quota system?
ANSWER:
On 22 July, 1969, the President of the Board of Trade
announced in the House of Commons HMG's intention, with
effect from 1 January, 1972, to discontinue the present
quota system on imports of cotton textiles from the
developing countries and to introduce instead a tariff on
imports of woven cotton textiles from the Commonwealth
Preference Area at 85% of the most-favoured-nation satése.
;
rates
+1
}