FOOTWEAR MARKET, THERE HAS BEEN A MARKET DECLINE IN 1973.
THE EFFECT OF THE PREFERENCE DISCRIMINATION THERE IS STILL
NEW,
AND STILL PARTLY CUSHIONED BY THE PHASING-OUT OF
COMMONWEALTH PREFERENCE.
18. AS A RESULT OF THIS DAMAGE TO OUR FOOTWEAR
INDUSTRY, IT HAS ALSO NATURALLY BEGUN TO LOSE ITS MARKETS.
ELSEWHERE AND IS IN A STATE OF SIGNIFICANT DECLINE.
OVERALL EXPORTS IN 1973 WERE. 25% BELOW 1971. DURING THIS
SAME DISTRESSING PERIOD HOWEVER IT IS NOTED THAT EEC IMPORTS
OF FOOTWEAR,
WHILST DECLINING FROM HONG KONG,
暑
HAVE
INCREASED SUBSTANTIALLY FROM MANY OTHER OUTSIDE. SUPPLYING
COUNTRIES; I NOTE IN PARTICULAR FROM SPAIN, AUSTRIA,
SWITZERLAND, SWEDEN
DEN, PAKISTAN,
YUGOSLAVIA, GREECE,
MALAYSIA, SOUTH KOREA,
SINGAPORE. AND INDONESIA,
CZECHOSLOVAKIA,
HUNGARY, AND ROMANIA.
THERE MAY BE OTHERS.
ACCORDING TO
EEC IMPORT STATISTICS,
OF 1970.
1972 OVERALL IMPORTS WERE DOUBLE THOSE
WE SEEM TO BE THE ONLY LOSERS. WE ARE PARTICULARLY
WORRIED AT THE MARKED INCREASE FROM OUR. NEAR NEIGHBOUR AND
COMPETITOR: SOUTH KOREA,
TITOR:
WHICH SHOWED AN ALMOST TEN-FOLD
INCREASE IN 1972 COMPARED WITH 1970.
19. I THINK YOU MUST AGREE THAT THIS DIVERSION OF TRADE
FROM HONG KONG AND THE DAMAGE WHICH OUR FOOTWEAR INDUSTRY
:
/HAS CLEARLY SUFFERED
10.