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We offer a large and attractive market. It is also a
market which is much freer of restrictions that people
sometimes argue. The proportion of manufactured imports
able to enter Britain entirely duty free is now almost 80%:
it was less than one-third in 1960. Much of this change is
admittedly due to our membership of the European Community.
But it does not bear out allegations of creeping, let alone
galloping, protectionism.
In this context I must spenate he
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A tip reader looking round this audience would no doubt see
the word 'textiles' starting to form on many faces.
[have been] [shall be] explaining more fully to the
Governor [and his colleagues] [ and the representatives of
your textile and garment industries] the very real problems
affecting the UK and Community textile and garments
industries and why the Multi-Fibre Arrangement, the MFA,
restrictions have had to be extended. The UK Government
fully understands the strong feelings in Hong Kong about
ARRANGEMENTS However
these restrictions. We ask that you try to understand our
position also.
Our textile industry has contracted a great deal.
Over the
past two years more than 160,000 jobs have been lost and
some 700 establishments have closed. But that industry
remains an important source of jobs in parts of our country
which have been amongst the hardest hit by the recession of
recent years.
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