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first quarter of this year at approximately that same rate.
The first alternative is multilateral negotiations
under GAAT.
The second alternative which we do not prefer would
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be bilateral negotiations with each of the companies that
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are exporting large amounts of textiles to the United States
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at this time.
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The third alternative would be unilateral action
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by the American Congress.
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Now, there may be other possibilities.
There
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are some that we are considering of various types of action
under the GAAT agreement but none of them has the appeal
to us of a new, multilateral negotiation leading to a type
of agreement similar to that which now applies to the cotton
textiles.
QUESTION: Mr. Secretary, you said that you con-
sidered there would be retaliation for any legislative quotas
in textiles. You have indicated here that if all else fails
that the Nixon Administration is prepared to take that route
because of the urgency of the problem. You have implied that.
Could you clarify your position on that a little?
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SECRETARY STANS: I don't think I quite said that.
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The Nixon Administration believes that a voluntary solution
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should be found and given time, can be found.
This is the
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way we want to see this done........
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