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EFFECTS TO THE MANUFACTURERS AND EXPORTERS WHO HAVE MADE ADJUS MENTS TO THEIR PRODUCTION PROGRAMME AND ENTERED INTO SALES AGREEMENTS WITH U.K. BUYERS DURING THE COURSE OF THIS YEAR IN ANTICIPATION OF THE REMOVAL OF THE QUANTITATIVE RESTRICTIONS. THERE ARE LIKELY TO BE A FEW INSTANCES WHERE, WITH THE RE-ALLOCATION OF THE COUNTRY QUOTA TO ALL ELICIELE EXPORTERS, SOME MAY BE GETTING QUOTAS FAR LESS THAN THE AMOUNT THEY HAVE COMMITTED TO THE U.X. BUYERS.
3. THIS VERY LATE DECISION ON THE PART OF THE U.K, GOVERNMENT TO RETAIN THE EXISTING QUANTITATIVE RESTRICTIONS HAS GIVEN LITTLE OR NO OPPORTUNITY FOR US TO RECOTIATE WITH THE U.K. GOVERNMENT WITH A VIEW TO MINIMISING THE HARDSHIPS TO BE FACED BY OUR MANUFACTURERS/EXPORTERS,
IF THE U.K. GOVERNMENT IS NOT READY TO RE-CONSIDER ITS DECISION, THEN THE SINGAPORE GOVERNMENT HAS NO ALTERNATIVE BUT TO ACCEPT THE POSITION UNDER PROTEST.
4.
HOWEVER, WE STRONGLY URGE THAT THE U.K. GOVERNMENT WILL AT LEAST SERIOUSLY CONSIDER THE FOLLOWING PROPOSALS PARTICULARLY IF THEIS.K. GOVERNMENT STILL FEELS THAT SHE HAS AN OBLIGATION TO ASSIST DEVELOPING COMMONWEALTH COUNTRIES WHOSE ONE MAJOR PROBLEM IS TO FIND EXPORT MARKETS FOR THEIR NEWLY ESTABLISHED INDUSTRIES, INCLUDING TEXTILES, THE PROPOSALS FOR THE U.K. COVERNMENT'S CONSIDERATION ARE:-
(1)
IF THE U.K, GOVERNMENT IS GOING AHEAD WITH ITS INTENTION TO RETAIN THE QUANTITATIVE RESTRICTIONS ON THE IMPORTS or COTTON YARN AND WOVEN COTTON TEXTILES INTO THE U.K., THEN THE EXISTING TARIFF STRUCTURE SHOULD REMAIN STATUS QUO, 1.E. THE IMPLEMENTATION OF THE PROPOSED NEW TARIFF SHOULD BE POSTPONED UNTIL SUCH TIMEQZHEN THE U.K. GOVERN- MENT DECIDES AT SSOME LATER DATE TO DO AWAY WITH THE QUANTITATIVE RESTRICTIONS: