Page
RESTRICTED
1
(f)
How does the Prime Minister reconcile the recently
announced increases in U.K. textile tariffs with his objection
to the U.S. proposals on textiles?
This move was in no way due to protectionist motives and
we consider that the move away from quota restrictions, is a
major step towards freer trade. Our domestic industry will
have to reduce its costs considerably if it is to compete
by 1972 with a 15% tariff without quotas.
We are
There is no parallel with any U.S. proposal to increase
tariffs. We have given no binding in GATT and the rate we
propose is moderate and not excessively protectionist.
importing one-third of our consumption from the developing
countries and expect this proportion to remain at least as
high under the tariff.
4
RESTRICTED
No comments yet.
Private notes are available after approval.