TNAG-0386-FCO40-432-Exports-of-non-cotton-textiles-from-Hong-Kong-to-the-EEC-1973 — Page 59

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HONG KONG WOULD NOT BE EXPECTED ALONE TO ENTER INTO AN AGREEMENT ON MMF WHICH MIGHT PREJUDICE OUR RIGHTS UNDER A NEW MULTILATERAL SET OF RULES: OR WHICH MIGHT NOT EVEN CONFORM TO THE PRINCIPLES THE COMMUNITY HAS IN MIND TO ADVOCATE IN DRAWING UP THAT NEW SET OF

RULES, OUR VIEW IS, THEREFORE, THAT ATTENTION SHOULD NOW BE CONCEN- TRATED ON FORMULATING THE NEW MULTILATERAL RULES IN PREPARATION FOR THE POST-1973 SITUATION RATHER THAN GOING FURTHER DOWN THE SIDE ALLEY OF A SEPARATE SHORT TERM MANDATE APPLICABLE TO HONG KONG ALONE.

7. PLEASE SEE MIFT REGARDING ADDITIONAL QUOTAS,

FCO PLEASE PASS ROUTINE HONG KONG GOVERNMENT OFFICE LONDON.

MACLEHOSE

[REPEATED AS REQUESTED

EUROPEAN ECONOMIC DISTRIBUTION

ADDITIONAL DISTRIBUTION

EID

FRAME

TRD

HKIOD

COPIES TO:

HIK GOVT OFFICE LONDON

-3-

CONFIDENTIAL