TNAG-0298-FCO40-334-Entitlement-of-Hong-Kong-to-generalized-tariffs-preferences--1971 — Page 45

IMMEDIATE

CYPHER/CAT A

FN SECUL 018317Z

CONFIDENTIAL

RE EIVED IN REGISTRY No.51

- 2 APR 1971

HKKELI

REF.

IT

REF.

√121

CONFIDENTIAL

NEUTRAL

63

TO IMMEDIATE FCO TELNO. 68 1 APRIL AND TO TAMSUL INFO

WASHINGTON TOKYO SAVING HONG KONG UKMIS GENEVA

UKDEL BRUSSELS

YOUR TELNO. 47 NEUTRAL

WE CONFIRM REPORTS WHICH YOU HAVE SEEN OF KOREA'S INTEN-

TION TO DISSOCIATE ITSELF FROM JAPAN'S OFFER

OF VOLUNTARY RESTRICTION OF EXPORTS OF TEXTILES

TO THE UNITED STATES.

2. KOREA CONTINUES TO MAINTAIN THAT ITS TEXTILES SHOULD

HAVE UNRESTRICTED ACCESS TO USA MARKET ON GROUNDS

THAT IT. IS A DEVELOPING COUNTRY UNLIKE JAPAN AND

THAT KOREAN TEXTILES COMPRISE ONLY A SMALL FRACTION OF

USA'S TOTAL IMPORTS OF THAT COMMODITY AND CONSTITUTE

NO THREAT TO THE US TEXTILE INDUSTRY

FCO PASS IMMEDIATE TAMSUI ROUTINE WASHINGTON ROUTINE TOK YO

AND SAVING HONG KONG UKMIS GENEVA UKDEL BRUSSELS

TRENCH

[REPEATED AS REQUESTED]

INTERNATIONAL TRADE DISTRIBUTION

COMMODITIES DEFT

F.E.D.

N.AM.D.

CONFIDENTIAL

1.14

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