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102.
Baron de Geer was not certain how Hong Kong would administer the quotas during the overlap period, but they would favour a further adjustment to the period of the cotton res- traints so that the expiry date coincided with that for the non- cotton garments. He suggested that it would be best if Mr. Ho and Mr. Henriksson sorted out those points separately. However, he added that he had no authority to conclude a Cotton Agreement without securing an agreement on the non-cotton items at the same time. What had been established was therefore in the nature of "a gentleman's agreement" and he would be happy if Hong Kong would again apply it unilaterally, as was done in 1968.
103.
Mr. Jordan stated that as the Swedish delegation had no authority to conclude a separate Cotton Agreement, he was unable to negotiate any further. He would, however, be prepared to continue informal discussions, if Baron de Geer thought that might be useful. Baron de Geer agreed to continue the talks on that basis.
104.
Mr. Jordan said that a draft Cotton Agreement had been Enclosure drawn up for discussion. As the paper was ready he would hand
it to the Swedish delegation for their consideration at leisure. He drew particular attention to paragraph 6 which provided for carryover of unused quota from the current restraint period to the new one.
Final Session (Plenary)
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