TNAG-0391-FCO40-437-Restriction-on-cotton-textile-exports-from-Hong-Kong-to-the--1973 — Page 108

- 11

INDEX AND SUMMARY OF ARGUMENT

The paper advances six main points in favour of the retention of cotton yarn quotas:

1.

2.

3.

4.

5.

6.

to maintain some safeguards during the period of introduction of the liberalisation measures resulting from UK membership of the Community (para 2, 11, 12)

to limit the effect of future increases in the volume of certain non-Community imports on the UK industry's share of the home market (para 3, 5, 9, 15, 19, 20)

to afford at least an interim measure of quantitative defence against artificial pricing policies and resulting price disruption (para 3, 22, 23, 24)

to encourage future investment and safeguard existing investment (para 4, 6, 18)

to protect employment in the industry (para 6, 16, 17, 18)

to enable the industry to remain efficient and to provide a firm base for the expansion of exports (para 21).