GPS 4.80 IMMEDIATE
CYPHER/CAY A
PH UKMIS GENEVA 1612207
DESKRY 1330302
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102
C
RESTRICTED
TO IMMEDIATE FCO TELNO 372 OF 16 JULY 1977. INFO IMMEDIATE UKREP BRUSSELS,
MIPT : TEXTILES: MFA NEGOTIATIONS
REGI
19 JUL 1977
418, 121/6.6/1
1. FOLLOWING ARE REVISED TEXTS OF PARAS 5 AND 7 OF OF NEW PARA 8 (REPLACING PART OF CLD PARA 4):
5. AS REGARDS THE CRITICAL IMPORT PROBLEMS REFERRED TO BY ONE MAJOR IMPORTING PARTICIPANT IN ITS STATEMENT TO THIS COMMITTEE,
THE TC RECOGNIZED THAT SUCH PROBLEMS SHOULD BE RESOLVED DILATERALLY UNDER THE PROVISIONS OF ARTICLE 4 OR ARTICLE 3(4) BETWEEN THE PARTICIPANTS CONCERNED.
THE COMMITTEE NOTED THE MAJOR IMPORTING PARTICIPANT'S STATEMENT CONCERNING THE BASIS UPON WHICH IT INTENDED TO ACHEIVE ITS STATED OBJECTIVES BY CONSULTATIONS AND NEGOTIATIONS AS WELL AS THE GOODWILL AND INTENTIONS OF FLEXIBILITY OF SOME HAJOR EXPORTING PARTICIPANTS IN THEIR RESPECTIVE STATEMENTS TO THE COMMITTEE.
THE COMMITTEE AGREED, HOWEVER, THAT THE AFOREMENTIONED CONSULTATIONS AND NEGOTIATIONS SHOULD BE CONDUCTED WITHIN THE FRAMEWORK AND PROVISIONS OF THE MFA TAKING DUE ACCOUNT
OF THE FLEXIBILITY MENTIONED ABOVE (NOT EXCLUDING THE POSSIBILITY OF REASONABLE DEPARTURE FROM PARTICULAR ELEMENTS, IN PARTICULAR CASES) WITH A VIEW TO REACHING MUTUALLY ACCEPTABLE SOLUTIONS. THE COMMITTEE ALSO URGED ALL PARTICIPANTS CONCERNED TO MOVE PROMPTLY TO NEGOTIATE THESE MUTUALLY ACCEPTABLE SOLUTIONS IN THE SPIRIT OF THE MFA.
THE COMMITTEE FURTHER NOTED THAT IN SEEKING SUCH SOLUTIONS THE INTERESTS OF NEWCOMERS AND SMALL SUPPLIERS SHALL BE PROTECTED,
7. ALL PARTICIPANTS SAW MUTUAL COOPERATION AS THE FOUNDATION OF THE ARRANGEMENT AND AS THE BASIS FOR DEALING WITH PROBLEMS
RESTRICTED
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