(i)
On present information, the list of products imports of which have been identified as requiring "stablization" is as follows:
cotton yarn
25% import penetration in 1976
cotton cloth
45%
11
11
IT
synthetic cloth
292
13
11
15
mens' woven shirts
60%
#
11
SR
18
womens' woven shirts and blouses
50%
11
IT
If
mens' and womens' trousers
30%
12
"I
#1
11
knitted pullovers
26% 24%%
#
霉霉
11
3.
(iii)
knitted undergarments
This list will need to be kept under review by the Community bearing in mind, in particular, items of high import penetration in certain of the Community's regions. In cases where Community ceilings are called for, the stabilization of imports into the regional market concerned will be effected by fixing an appropriate base level, the growth factor being determined by the application of the rules on burden-sharing. In other cases, of high import penetration in one region of the Community, measures analogous to those envisaged for imports of the sensitive products listed above will be adopted by the application of the safeguard mechanisms for the region concerned,
Industry and workers in the Community need to have confidence that future expansion of trade will take place under orderly conditions pro- viding for an adequate period of adaptation for Community producers. The adaptation referred to carmot of course lead to the progressive elimination of the existing Community industries. Accordingly, the Community's policy for high import penetration products is to decide on internal global import ceilings for each year of the life of the renewed MFA at levels which will ensure that avoidance of disruptive effects on the Community market. The Community's objective is to ensure that these internal global import ceilings will not be exceeded.
The Community will, in the light of this assessment, decide upon the most appropriate and equitable treatment for each supplying country having regard to the internal global import ceilings, taking account of the safeguard provisions available within the legal framework within which trade in textiles between the Community and the supplying country in question is carried on.
Community ceilings will be negotiated with all "significant" (') suppliers of the high penetration itens mentioned in paragraph 2(11) above. It will have to be made clear that the annual growth rate for dominant suppliers may have to be no more than symbolic i.e. less than 1%. No "significant" supplier can necessarily expect an annual growth rate as high as 6%, which might be as low as 1%.
(1) A "significant" supplier is defined as one whose trade contributes to a
situation of cumulative market disruption.
s/1008 e/77 (COMER 195)(ANNEX I) 1by/IM/im
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