TNAG-0244-FCO40-280-Exports-of-textiles-from-Hong-Kong-to-USA-1970 — Page 162

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

B

US IMPORTS OF HON-COTTON TEXTILES

1. The proposals for comprehensive reetraints on non-cotton

textiles put by the US Government to the Governments of Japan and

other countries in the Far East could, if insisted upon, lead to a

serious set back to the pursuit of fuller and freer trade, based

on the GATT, which has been the common objective of the US and UK

Governments for many years.

2. The GATT recognises that circumstances may arise when

restrictions on imports of particular products may be imposed as

emergency measures; but that resort to such measures should only

be considered where increased importa are causing or threatening

to cause serious injury to domestic producers.

3.

Injury is normally judged by reference to ruch factors as the levels of domestic production, profits, prices and employment

in relation to import performance. The available information does

The

not suggest that the increase in US imports of non-cotton textiles

in the last two years, though large in relation to imports in

earlier years, has caused or threatens to cause injury to the US

industry as a whole that would warrant the introduction of wide-

spread restraints of the kind that have been proposed.

increased imports in 1968 and 1969 have come at a time when

demand and consumption in the USA have been hi h, the growth in

imports has been much less in absolute teras than the growth in

domestic production, imports of wool textiles fell in 1969 as compared with 1968 and although imports of man-made cloth

increased imports of yarn fell by a greater amount. Imports of apparel ɛrew in 1969 but the index of production remained at a

high level and for most of the year employment was at a record

level for the decade.

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