RESTRICTED
AND
4. SOME PARTICIPATING COUNTRIES, IMPORTING AS WELL AS EXPORTING FELT THAT THERE WAS A NEED FOR MODIFICATIONS TO BE MADE TO THE
TEXT OF THE MFA. OTHERS WERE OF THE OPINION THAT ANY DIFFICULTIES
THAT MAY HAVE ARISEN WERE DUE TO PROBLEMS OF IMPLEMENTATION,
THAT THE PROVISIONS OF THE MFA ARE ADEQUATE TO DEAL WITH SUCH
DIFFICULTIES. TAKING INTO ACCOUNT THE EVOLUTIONARY AND CYCLICAL
NATURE OF TRADE IN TEXTILES, AND THE NEED TO SOLVE ALL PROBLEMS
IN A CONSTRUCTIVE AND EQUITABLE MANNER IN THE INTEREST OF ALL
CONCERNED, A CONSENSUS HAS EMERGED FOR THE MFA TO BE EXTENDED .IN ITS PRESENT FORM FOR A PERIOD OF ( ) YEARS.
5. AS REGARDS EXCEPTIONAL PROBLEMS SUCH AS THOSE REFERRED TO
THE TEXTILES COMMITTEE BY ONE MAJOR IMPORTING PARTICIPANT: IT
WAS RECOGNIZED THAT SUCH PROBLEMS SHOULD BE RESOLVED
BILATERALLY WITHIN THE FRAMEWORK OF THE MFA BETWEEN THAT
PARTICIPANT AND ITS TRADING PARTNERS CONCERNED, TAKING INTO ACCOUNT THE GOOD WILL AND THE INTENTIONS OF FLEXIBILITY EXPRESSED
BY THESE PARTICIPANTS IN THEIR RESPECTIVE STATEMENTS TO THIS
COMMITTEE, WITH A VIES TO REACHING MUTUALLY ACCEPTABLE SOLUTIONS IN ACCORDANCE WITH THE PROVISIONS OF THE MEA. IT IS UNDERSTOOD
THAT, ACCORDING TO THE ESTABLISHED PRACTICE AND CONSISTENT WITH THE EQUITY PROVISIONS OF THE ARRANGEMENT, THE TSD, IN EXAMTHING ARTICLE 4 AGREEMENTS, WILL ACCEPT SUCH AGREED SOLUTIONS. IN SEEKING SUCH SOLUTIONS, THE INTERESTS OF NEW-COMERS AND SMALL
SUPPLIERS SHALL BE PROTECTED.
6. IT WAS REITERATED THAT IN THE FUTURE IMPLEMENTATION OF THE
MFA, THE SPECIAL PROBLEMS OF DEVELOPING COUNTRIES SHALL BE
FULLY TAKEN INTO ACCOUNT IN A MANNER CONSISTENT WITH THE
PROVISIONS OF THE MFA, IN PARTICULAR ARTICLE 6 THEREOF.
2
RESTRICTED
17.
ALL