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account the interests of the British textile
industry.
The forthcoming general
discussions on textile trade in the GATT will
also have an important bearing on this.7
Benefits for Hong Kong
10. I am very well aware of the problems
which our entry may pose for Hong Kong.
Britain too will, in the short term at least,
have a substantial price to pay. But it
would be quite wrong for us to concentrate
exclusively on the negative aspects.
Entry
into the EEC on fair terms should stimulate
Britain's growth rate and provide a more
rapidly growing and prosperous market for your
exports. Furthermore, our influence in
the huge trading bloc of an enlarged Community
will be firmly in the direction of an outward-
looking trading attitude, and in favour of
the minimum of restrictions in trade with
Hong Kong. In the long run entry for
Should
Britain on fair terms will offer great
opportunities for Hong Kong as well as for
Britain.
1S
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