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6.
In practice the Long Term Arrangement has not worked out a s
originally intended for the developing countries.
Instead of
providing growth outlets for their production, subject only to the
invocation of the irrangement where imports were causing market
disruption, developed countries have tended to use the Arrangement as
an instrument of striction; e.g. the U.S. 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 U.K. system of global and
the exporting country conoerned.
country quotas has also had a similar effect.
7. The Long Terŋ Arrangement has been accepted by the following countries:
Australia
Austria
Canada
Denmark
E.B.C.
Finland
Greece
Colombia
India Jarael
Jamnica Japan
Korea
Mexico
Norway
Pakistan
Portugal (Metropolitan only) Republic of China
Spain
Sweden
Turkey
U.A.R.
U.K. (inoluding Hong Kong)
United States
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