year as suppliers and users tried to adapt both to the
ending or controls and to the prospect of early imposition
of new ones.
5. Secondly, the restraints on exports of non-cotton textiles
to the United States which several Asian countries have felt
it necessary to accept, are likely to increase the pressure
of textile imports generally on the UK market.
6. Thirdly, the traditional textile areas in Lancashire are facing
a difficult employment problem. Mill closures and redundancies
have recently taken place at an accelerated pace, and although
HMG still accept that the UK cotton textile industry must
continue to shrink in size, the present rate of shrinkage is
taking place at a time when there are not enough other jobs
immediately available for those made redundant.
7. At a time when our market is peculiarly vulnerable for the
reasons just cubscribed, HMG have come to the conclusion that
the policy previously announced of reintroducing quantitative
restrictions selectively only if and when imports of particular
products cause disruption, is unlikely to give the necessary
stability of market and employment conditions. In particular,
they do not feel confident that in a situation subject to very
rapid change, could take action against disruption quickly
enough on a product-by-product basis. In fact wo-clearly-have
evidence or O reliers in the pipeline, in anticipation
of a quota-free market next year, at a level considerably
higher thanthis yearbs already high imports! We have, there-
fore, decided to retain in 1972 the present system of quantitative
restrictions in addition to the new tariff. The British
معلم
Matomily Laverly
Government have taken this decision only after the most anxious
consideration. They believe that the stability it will bring
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