/5.
intention is that the basic amount will be fixed at the value
of imports in the basic year while the additional amount will
be variable and will be recalculated each year on the latest
import figures although it will not be allowed to fall below
the amount applicable in the first year of the scheme.
8.
A specific reservation is made on cotton textiles covered
by the GATT Long Term Arrangement on these goods duty free
entry will be granted but only to those beneficiary countries
that are members of the LTA and within the restraints agreed
under the arrangement or bilaterally. On jute and coir products
duty free entry is offered only within restrictions to be made
with exporting developing countries.
9. The EEC have not made available to their Ó.E.C.D. partners
any more detailed information on the arrangements they have in
mind or how they will be administered. A number of questions
which will have to be answered before the full effect of the
duty quota system can be assessed are:
a)
will the quotas be allocated in advance under some
sort of licensing system or is it the intention to
admit imports duty free until the customs returns
show that the ceiling is reached and that the full
rate of duty will then be reimposed until the current
year has ended? (It appears that the EEC will probably
adopt the latter course, despite the difficulties caused
for traders);
b)
will each quota ceiling apply to the EEC as a whole or
will there be separate quotas for each of the member
states?
will the duty quotas be related to whole headings of the
BTN or to individual tariff positions?
/a)
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Private notes are available after approval.