CRS800
IMY TATE
CYPHER/CAT-A
SM UKREP BRUSSELS 1612COZ
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TO IMMEDIATE FCO TELNO 4691 OF 16 JULY
INFO IMMEDIATE UKMIS GENEVA ROUTINE TO ALL OTHER EEC POSTS
WASHINGTON AND TOKYO,
TEXTILES: RENEWAL OF MEA
1. FOLLOWING IS TEXT AGREED BETWEEN COMMUNITY, USA AND JAPAN:
BEGINS:
1. THE PARTICIPANTS IN THE ARRANGEMENT EXCHANGED VIEWS REGARDING
THE FUTURE OF THE MFA.
2. IT IS CLEAR FROM THE ANNUAL AND MAJOR REVIEWS OF THE MEA
UNDERTAKEN BY THE TEXTILE COMMITTEE THAT CERTAIN IMPORTING AND
SEVERAL EXPORTING COUNTRIES HAVE ENCOUNTERED PRACTICAL DIFFICULTIES
IN THE IMPLEMENTATION OF THE PROVISION OF THE MFA DISCUSSIONS IN
THIS RESPECT COVERED A WIDE RANGE OF AREAS OF SATISFACTION AS WELL
AS DISSATISFACTION. THESE DIFFICULTIES, SOME OF WHICH ARE OF A LONG
STANDING NATURE, AFFECT SERIOUSLY THE TRADE AND ECONOMIC
DEVELOPMENT OF DEVELOPING COUNTRIES.
3. MEMBERS OF THE TEXTILE COMMITTEE RECOGNIZED THAT THERE CONTINUED
TO BE A TENDANCY FOR AN UNSATISFACTORY SITUATION TO EXIST I WORLD
TRADE IN TEXTILE PRODUCTS, AND THAT SUCH A SITUATION, IF NOT SATISFACTORILY DEALT WITH, COULD WORK TO THE DETRIMENT OF
COUNTRIES PARTICIPATING IN INTERNATIONAL TRADE IN TEXTILE
PRODUCTS, WHETHER AS IMPORTERS OR EXPORTERS OR BOTH. IT COULD ADVERSELY AFFECT PROSPECTS FOR NITERNATIONAL COOPERATION IN THE
TRADE FIELD AND COULD HAVE UNFORTUNATE REPERCUSSIONS ON TRADE RELATIONS IN GENERAL, AND THE TRADE OF DEVELOPING COUNTRIES IN PARTICULAR.
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