TNAG-0302-FCO40-338-Effects-of-tariffs-on-imports-of-cotton-textiles-to-UK-from--1971 — Page 19

restrictccd

Cho-limits-applied-to-imports-from Other/Commonwealth

Governments7.

The British Government considered whether,

if quantitative restrictions had to be maintained, the now

tariff might be deferred.

But for over 2 years the UK textile

industry has planned its investment and marketing in the

expectation of price and profit levels related to tariff, and

quotas alone would be no substitute for that. The British

Government continue to believe that efficient producers will

be able to sell profitably in the UK over the new tariff and

the restrictions now being retained will permit a level of

cotton textile imports far higher than that allowed to enter

major industrial countries, all of whom have long since

applied both quota and tariff protection. :Despite the

unemployment in the UK cotton textile industry the quotas for

1972 will be increased by 1% as in carlier years.

Non-Commonwealth Restricted Governments The restrictions

now being retained will permit a level of cotton textilo

importe far higher thrm permitted by other major industrial

countrics all of whom have long since applied both quota and

tariff protection. Despite the unemployment in the UK cotton

textile industry the quotas for 1972 will be increased by

1% as in earlier years.

#.

All countries

are

The limits applying to imports from

in 1972 MDмid set out in the Annex. To avoid excessive

concentration of imports in the earlier parts of 1972 the

British Government would be unable to agree to anticipat:

shipments in 1971 against these limits.

ticipants.y.

Restricted Commonwealth only They are, however, not proposing

Yes the

to change the arrangements already negotiated to the

Government in which shipments from restricted Commonwealth

countries made in 1971 within the 1971 quantitative limits:

4