6.
In practice the Long Term Arrangement has not worked out .na
originally intended for the developing countries. Instead of
providing growth outlets for their production, subject only to the
invocation of the Arrangement where imports were causing market
disruption, developed countries have tended to use the Arrangement as
an instrument of restriction; e.g. the U.3. practice of coming to
*.
"mutually acceptable" agreements under Article 4 as an alternative to
the imposition of unilateral restraints under Article 3; the
administration of import controls by the E.E.C. itself rather than by
the exporting country concerned. The U.K. system of global and
country quotas has also had a similar effect.
7.
The Long Term Arrangement has been accepted by the following countries:
Australia
Korea
Austria
Canada
Denmark
E.E.C.
Finland
Greece
Colombia
India Inrnel
Jamaica
Jupan
Mexico
Norway
Pakistan
Portugal (Metropolitan only) Republic of China
Spain
Sweden
Turkey
U.A.R.
U.K. (including Hong. Kong) United States
:
No comments yet.
Private notes are available after approval.