restrictccd
Cho-limits-applied-to-imports-from Other/Commonwealth
Governments7.
The British Government considered whether,
if quantitative restrictions had to be maintained, the now
tariff might be deferred.
But for over 2 years the UK textile
industry has planned its investment and marketing in the
expectation of price and profit levels related to tariff, and
quotas alone would be no substitute for that. The British
Government continue to believe that efficient producers will
be able to sell profitably in the UK over the new tariff and
the restrictions now being retained will permit a level of
cotton textile imports far higher than that allowed to enter
major industrial countries, all of whom have long since
applied both quota and tariff protection. :Despite the
unemployment in the UK cotton textile industry the quotas for
1972 will be increased by 1% as in carlier years.
Non-Commonwealth Restricted Governments The restrictions
now being retained will permit a level of cotton textilo
importe far higher thrm permitted by other major industrial
countrics all of whom have long since applied both quota and
tariff protection. Despite the unemployment in the UK cotton
textile industry the quotas for 1972 will be increased by
1% as in earlier years.
#.
All countries
are
The limits applying to imports from
in 1972 MDмid set out in the Annex. To avoid excessive
concentration of imports in the earlier parts of 1972 the
British Government would be unable to agree to anticipat:
shipments in 1971 against these limits.
ticipants.y.
Restricted Commonwealth only They are, however, not proposing
Yes the
to change the arrangements already negotiated to the
Government in which shipments from restricted Commonwealth
countries made in 1971 within the 1971 quantitative limits:
4