TNAG-0302-FCO40-338-Effects-of-tariffs-on-imports-of-cotton-textiles-to-UK-from--1971 — Page 124

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

Fourthly, following the agreement of Hong Kong, Japan, S Korea and

Taiwan to restrict their exports of non-cotton textiles to

the United States to quantities some 30% below existing levels of trade, there is a risk (except in the case of Japan, which restricts her textile exports to the UK and the EEC) that the other three Asian suppliers will divert goods from the US to

European markets.

Since looms which weave pure man-made fibre

and man-made fibre/cotton blends are also equally capable of

weaving pure cotton, the diverted goods will not necessarily

come in the form of non-cottons; mills which switched from

cotton to man-made fibre when the latter had unrestricted

entry into the US market may to some extent switch back to

cotton when producing for the unrestricted UK market.

9

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