COTTON TEXTILES
Imports of cotton textiles have been restrained for
many years. Hong Kong's quota amounts to about
45 per cent of our total cotton textile quotas.
EEC
The EEC also has quotas on llong Kong cotton textiles.
We are discussing with the Commission how to
assimilate our system with theirs. We expect that in
1973 the pattern and level of cotton textile quotas will be much the same as this year.
We are also discussing with our partners the question of long term textile policy in the enlarged Community.
We recognise fully the importance of establishing as far as possible equal competitive conditions for
textile producers throughout the Community.
COTTON YARN
Cotton yarn is a special problem because it is the
only significant textile product which the Dix have
liberalised and we have not. Hong Kong has agreed
that her exports of cotton yarn to us should continue
to be subject to quota in 1973.