A
by their intention to introduce tariffs from 1 January
1972.
COTTON TEXTILES
L
it is fett
ful
10. If Ministers popper that they have to demonstrate
to the Lancashire industry that action could be
contemplated (on imports) in addition to tariffs, it is
suggested that this should not be in the sense of
anticipating the "disruption provisions" of the statement made by Mr Crosland in July 1969, but rather by saying that, along the lines of Sir John Eden to the BTEA, the Government, together with industry, would be
keeping a very close watch on the performance of
in
imports in the months to come, and particularly the carly part of 1972, to assess whether these had greatly exceeded the recent estimates of the expected search.
They might go on to say, if this could
surge
be worked
out, that one feature of this "early warning" system
might be a monitoring of licences and that this
the monitoring could be employed in the terms of Mr Crosland's
terms
disruption procedure.
MMF
an integral part
The FCO can accept the DTI comment that there is no need for immediate action (no doubt monitoring would
apply here too) but that we should embark quickly with
the EE Jommission on a discussion of long-term objectives (protection against an emergency could be provided under Article 19 of the GATT). Such discussions
could be fitted into the possible GATT study.
SHOULD WE DO MORE?
A
The broad feeling in the DTI, and reflected in the
Memorandum by Sir John Eden, is that we are dealing
CONFIDENTIAL
/with
C
C
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