TNAG-0304-FCO40-340-Effects-of-tariffs-on-imports-of-cotton-textiles-to-UK-from--1971 — Page 167

DRAFT LESZER FROM MRP V RIDLUN TO

ER HA

W

beginning

10

سم

1922

During the suurse of discussions Un

6 and 7 December about HMG's decision to retale

the existing quotas on cotton textiles from

lieng Kong and the other currently restricted

countries, you put is to us that, if the Hong Kong Government is being asked to accept that

Lanesshire now faces a new and unexpected situation,

HMG must recognise that the policy decision

introduction

to retain quotas and proceed with the imposition

(+ unexpected of the new Commonwealth tariff creates & hew/situatis

her/situati

for the Hong Kong infistry. In these circumstances, we agreed that further talks should take place Į a svemum possibilą, and in you indicated that

Ĉ there theks in-these-talks you would like to consider, in a sericus «"feaningful way, how the effects on

Hong Kong of this new policy could be ameliorated. To this end, you said that you would like the talks to cover the following possibilities:

in to

Group TV

from

Groups II

| =)

I

Modifications in the present UK/Hong Kong quota arrangements, that is to say,

1.

a once-and-for-all transfer of

yardage from fuoupo-ily Hit-and

sho)wroup=** (partly to recognise the changing pattern of the trade, and partly as compensation for the reduced competitiveness of fahries);

/11