TNAG-0241-FCO40-277-Agreements-under-GATT-long-term-arrangements-for-exporting-o-1970 — Page 28

CONFIDENTIAL

foresees the danger that its trade with the UK in cotton

textiles will eventually have to surmount not only the tariff

(to be imposed on 1 January, 1972) but also quantitative

restrictions (upon our entry into EEC). In negotiating the terms

of our entry we shall have to bear very much in mind our

extensive textile trade with Hong Kong and other developing

Commonwealth countries and its importance to the economies of

those countries.

CONFIDENTIAL