TNAG-0391-FCO40-437-Restriction-on-cotton-textile-exports-from-Hong-Kong-to-the--1973 — Page 38

UNGLAOSITIOD

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Mr Murray (SAD)

Mr Goodfellow (KIOD) Mr Nixon (NENAD)

Mr Tarlton (Economists D)

RESTRAINTS ON COTTON YARN

I now attach a revised draft DTI submission which

You will see I promised in my minute of 14 November.

1.

that it generally follows the line which was foreseen and I recommend that we should accept it.

Mr art is sep- arately consulting UKRep Brussels about it.

The 1973 quotas for cotton yarn are as follows (in metric tons):

2.

India Hong Kong Pakistan

5,593

3,065

931

277

3.

Egypt

The figures given in the table on page 5 of the submission are the same as these except in the case of Hong Kong where it is higher (for reasons which I think not even the UTI understand however let us not

complain). These quotas are to be increased by 25% in 1974, by 50% in 1975, by 80% in 1976 with complete liberalisation in 1977. I do not believe that we shall receive any complaints from the countries concerned. I recommend therefore that we should accept the paper as drafted. Would you please let me know as soon as possible if you agree.

4. I am minuting separately to the departments concerned with the other countries listed in the submission:

23 November 1973

Cc:

(for information) Mr Hart (EID(E))

е

K W Hazle

Trade Relations and Exports Department

DD 145177 219242 500M 4/73 GM 1643/2