NIDUVIŲ SIHL NI NELLIUM 10 OJ BNIMLON
i ent
because
s not the equivalent of decalage
process of adjustment would not
begin until a tariff was imposed.
The need
for decalage was emphasised by the concentration
of the trade with the U.K. on particular firms as a result of
due to the special nature of the market, the
origin requirements for Commonwealth preference
and the long period of quota control. All the
adjustment would fall on this sector, which in
sector
all employed some 62,000 people, of which 138
firms employing 12,000 people sold 70% or more
of their production in the U.K. market.
system
17. In reply to Er. Carey's contention that, ufuror in post-1972 sysłu Hong Kong would acquire a larger share of the V.K.
market, Sir J. Cowperthwaite doubted whether
Hong Kong would be permitted further growth
in garments (even if that were possible given
the share of the market she already enjoyed).
18.
Mr. Carey denied that the decision was
intended to reinforce protection. H. M.G.
expected that one consequence would be that
U. a. imports from developing countries would
white
rise,thurt that those from Commonwealth developed countries (i.e. Canada) would fall. Both the
previous and the present governments had taken
the view that duty free imports as such were a
major element in the difficulties experienced
by Lancashire, despite quantitative protection
over the last twelve years. He denied that the
original intention was that quotas should
eventually be re-imposed, although he admitted
that, on joining the E.E.C., the U.K. would have
10 - CONFIDENT FAL
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