TO INDIA ONLY
We recognise that Indian trade has been heavily
protected by the quotas and that her exporte may
suffer as a result of the imposition of the tariff.
Paragraph 8 of the statement makes it clear that
we shall be prepared to take this into account in
determining the level of aid to India in 1972-73:
This is as far as you can go in hinting at the pos-
78327
enestion.
sibility of compensation
2. We recognise that we shall need to seek a
waiver of India's contractual rights to duty-free
entry on cotton textiles.
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TO AUSTRALIA NEW ZEALAND AND SOUTH AFRICA ONLY
We recognise that these Governments have con-
tractual rights to duty-free entry, and that it
will be necessary to negotiate a waiver for cotton
textiles. Their interest in this market is however
very small - in 1968 cotton textile imports from
Australia amounted to £41,000, from New Zealand
£15,000 and from South Africa £169,000. South
Africa should benefit from the removal of the quotas
on her trade We believe we are right in saying
that all three countries have increased their own tariffs.
and/or reduced our margin of preference on at least
¿
some textiles; since the war
TO FAKISTAN ONLY
We expect Pakietan to gain both in value and
volume from the replacement of quotas by a tariff.
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