CREDA
56
President Nixon The white house Washington DC
Phoo Mailer
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I enclose a note on the problem of
imports of non-cotton textiles which
during our talk on 28 January you were
good enough to say you would consider.
I understand perhaps better than most
the problem which you face. But I do
wonder whether solutions could not be
found which raised fewer difficulties
for your trading partners and for
progress towards freer trade than the
ones the U.S. are now proposing.
things are going I see a risk of
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serious damage to the system of
international trade discipline which has
done so much to promote world trade and
prosperity. I know we both want to
prevent this.
The exporting countries are taking up
an attitude which you probably regard
as unhelpful because the U.5.
Government are seeking to establish
restraints on almost all non-cotton
textiles when no convincing evidence
has been produced which shows that the
American textile industry as a whole is
threatened with serious injury. Such
restraints would have the effect of
taking an important segment of world
trade out of the market-place, perhaps
permanently, and so would set back the
steady progress of the last twenty years
/in
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