TNAG-0303-FCO40-339-Effects-of-tariffs-on-imports-of-cotton-textiles-to-UK-from--1971 — Page 62

扒

3. 1NDSET NEW PARA 5. QUOTE H M G STILL CANNOT YET SAY IN DETAIL

WHAT ARRANGEMENTS WILL APPLY AFTER ENTRY INTO THE CEC AND THIS IS A

HATTER TO BE RESOLVED CURING 1072. THE PROSPECT OF RETURNING TO A

SYSTEK OF QUANTITATIVE RESTRAINTS IN 1973, HOWEVER, MAKES IT IMM-

POGSTELE NOW TO RELY ONLY ON THE POLICY OF DEALING WITH DISRUPTIVE

IMPORTS ON A PRODUCT BY PRODUCT BASIS DURING THE COURSE OF 1972.

THE PRESSURE ON THE UK MARKET IN THE SHORT TERM BECAUSE OF FORE-

STALLING WOULD BE TOO GREAT, H M G ALSO HAVE TO BEAR IN MIND THE

CONSEQUENCES OF U RESTRICTIONS ON IMPORTS OF NON-COTTON TEXTILES

WHICH CREATE A RISK OF DIVERSION OF ASIAN GOODS OF A TYPE PRODUCED

IN LANCASHIRE AND INCREASE THE PRESSURE ON COTTON TEXTILES NOT ONLY

BECAUSE THESE PRODUCTS ARE DIRECTLY COMPETITIVE BUT ALSO BECAUSE THE

SAME PLANT CAN UCAVE COTTON AND MAN-MADE FIBRES. IN ADDITION, A SHARP

ACCELERATION IN THE RATE OF INCREASE OF MILL CLOSURES AND UNEMPLOY-

MENT 18 LANCASHIRE AT THIS TINE OF EXCEPTIONAL UNEMPLOYMENT

GENERALLY AND INDICATIONS OF HEAVY SHIPMENTS ALREADY IN THE PIPELINE

RECESSITATE FURTHER STEPS TO CONTAIN THE IMPACT OF IMPORTS ON JOBS.

A

"

4. OLD PARA 5 STET.

5. OLD PARA 6 DELETE,

6. OLD PARA 7 STET.

7. OLD PARA 8

STET. ADO

QUOTE IT WILL STILL BE POSSIBLE FOR IMPORTS

RE

TO SATISFY UP TO 50 PER CENT OF DOMESTIC CONSUMPTION OF COTTON

TEXTILES, A FAR HIGHER PROPORTION THAN IN ANY OTHER MAJOR INDUSTRIAL

COUTALLY UNQUOTE.

...