TNAG-0298-FCO40-334-Entitlement-of-Hong-Kong-to-generalized-tariffs-preferences--1971 — Page 5

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NOT INDUSTRY I THINK: THE GOVERNMENT IS CERTAINLY OPERATING

IT BY STOPPING EXPORT LICENCES.)

NOT ON ANY PREDETERMINED FORMULA.

BUT IT WILL BE FLEXIBLE,

6. I HOPE I LEFT HARADA IN NO DOUBT THAT WE WERE PREPARED

TO HELP TO SOLVE THE TEXTILE PROBLEM SO AS TO AVOID LEGISLATED QUOTAS. I RECOGNISED THE DESIRABILITY OF SETTLING THE

MATTER BEFORE 1 JULY. I ASKED HOWEVER IF THE JAPANESE WOULD GO AHEAD EVEN IF NO ONE ELSE HAD AGREED TO RESTRAIN AND THEN I SAID I THOUGHT IT WOULD BE WORTH THEIR WHILE BUT HE WAS NON-COMMITTAL, SAYING THE INDUSTRY WOULD BE DIFFICULT TO HANDLE. BUT I THINK THEY ARE CONSIDERING THIS. HARADA HAD ALSO (BEEN THE CONNECTION BETWEEN THE JAPANESE PREFERENCES SCHEME, THE US SCHEME AND HONG KONG'S ABILITY TO CONSIDER TEXTILE RESTRAINT.

FCO PASS GOVERNOR HONG KONG WASHINGTON TOKYO AND UKMIS

GENEVA.

CURLE

[REPEATED AS REQUESTED/

INTERNATIONAL TRADE DISTRIBUTION

COMMODITIES D

HKD

FED

N AM D

TPO

NNNNN

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