IMMEDIATE
CYPHER/CAT A
FN SECUL 018317Z
CONFIDENTIAL
RE EIVED IN REGISTRY No.51
- 2 APR 1971
HKKELI
REF.
IT
REF.
√121
CONFIDENTIAL
NEUTRAL
63
TO IMMEDIATE FCO TELNO. 68 1 APRIL AND TO TAMSUL INFO
WASHINGTON TOKYO SAVING HONG KONG UKMIS GENEVA
UKDEL BRUSSELS
YOUR TELNO. 47 NEUTRAL
WE CONFIRM REPORTS WHICH YOU HAVE SEEN OF KOREA'S INTEN-
TION TO DISSOCIATE ITSELF FROM JAPAN'S OFFER
OF VOLUNTARY RESTRICTION OF EXPORTS OF TEXTILES
TO THE UNITED STATES.
2. KOREA CONTINUES TO MAINTAIN THAT ITS TEXTILES SHOULD
HAVE UNRESTRICTED ACCESS TO USA MARKET ON GROUNDS
THAT IT. IS A DEVELOPING COUNTRY UNLIKE JAPAN AND
THAT KOREAN TEXTILES COMPRISE ONLY A SMALL FRACTION OF
USA'S TOTAL IMPORTS OF THAT COMMODITY AND CONSTITUTE
NO THREAT TO THE US TEXTILE INDUSTRY
FCO PASS IMMEDIATE TAMSUI ROUTINE WASHINGTON ROUTINE TOK YO
AND SAVING HONG KONG UKMIS GENEVA UKDEL BRUSSELS
TRENCH
[REPEATED AS REQUESTED]
INTERNATIONAL TRADE DISTRIBUTION
COMMODITIES DEFT
F.E.D.
N.AM.D.
CONFIDENTIAL
1.14
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