TNAG-0244-FCO40-280-Exports-of-textiles-from-Hong-Kong-to-USA-1970 — Page 190

15

Mysand Commodities Rept

OUT TO TOKYO TELNO CREDA 23 OF 12/2 CYPHER/CAT A UNIT 10 CLARK

OUT TO SEOUL

OUT TO HONG KONG

CYPHER/CAT A

Rey PIA

Tasan fie UK. policy pile,

PRIORITY BOARD OF TRADE

TELEGRAM NUMBER CREDA 23

CONFIDENTIAL.

Trade Policy D Far Eastern D

Promoting

Export NO DISTRIBUTION

19/2

TO TOKYO

12 FEBRUARY 1970

RECEIVED IN

REGISTRY No.45 19 FEB 1970

MC13/304/1

ADDRESSED TO TOKYO TELEGRAM NUMBER CREDA 23 OF 12 FEBRUARY REPEATED FOR INFORMATION TO GOVERNOR HONG KONG, SEOUL, TAMSUI, UKMIS GENEVA AND WASHINGTON.

FOR CORTAZZI FROM GOLDSMITH. TEXTILES.

Copy on

mc.2/5753/1

WE HAVE MISGIVINGS ABOUT THE SUGGESTED QUOTE MULTINATIONAL MEETING OF TEXTILE EXPORTING COUNTRIES UNQUOTE. THE PARTICIPANTS WOULD PRESUMABLY BE ALL COUNTRIES WITH SIGNIFICANT EXPORTS

1

OF ANY TEXTILES TO THE U.S.A. IT IS UNCLEAR WHETHER OR NOT THE

JAPANESE ENVISAGE U.S. REPRESENTATION. THEY ONLY DOCUMENTATION WOULD

BE THE NOTES PRESENTED BY THE UNITED STATES TO THE JAPANESE GOVERNMENT INTENDED TO PERSUADE THE LATTER TO AGREE TO A BILATERAL RESTRAINT ARRANGEMENT.

2. AS WE SEE IT, THE OUTCOME OF SUCH A MEETING, UNLESS IT WERE INDECISIVE, WOULD BE EITHER

(1) A FLAT REJECTION OF THE CASE ON INJURY GROUNDS PRESENTED BY THE U.S. TO THE JAPANESE OR

(11) ACCEPTANCE THAT THERE WAS INJURY OR A THREAT OF IT IN CERTAIN LIMITED SECTORS IN WHICH CASE THE JAPANESE WOULD NO DOUBT ARGUE,.. ON THE PRINCIPLE OF EQUALITY OF MISERY, THAT EVERYBODY SHOULD RESTRAIN THEIR EXPORTS TO SOMETHING LIKE EXISTING LEVELS OF TRADE IN THOSE SECTORS.