RESTRICTED
ALL PARTICIPANTS SAW MUTUAL COOPERATION AS THE FOUNDATION OF
ARRANGEMENT AND AS THE BASIS FOR DEALING WITH PROBLEMS IN A
MAY WHICH WOULD PROMOTE THE OSJECTIVES AND AIMS OF THE FA.
PARTICIPANTS EMPHASIZED THAT THE PRIMARY AIDS OF THE MFA ARE TO
ENSURE THE EXPANS 101 OF TRADE I TEXTILE PRODUCTS PARTICULARLY
FOR THE DEVELOPING COUNTRIES, AND PROGRESSIVELY TO ACHIEVE THE REDUCTION OF TRADE BARRIERS AND THE LIBERALIZATION OF WORLD TRADE IN TEXTILE PRODUCTS WHILE, AT THE SAME TIME, AVOIDING DISRUPTIVE EFFECTS IN THE MARKETS OF IMPORTING COUNTRIES. IN THIS CONTEXT,
IT WAS FELT THAT IN ORDER TO ENSURE THE PROPER FUNCTIONING OF THE NFA, ALL PARTICIPANTS WOULD REFRAIN FROM TAKING MEASURES ON
TEXTILES COVERED BY THE KFA OUTSIDE THE PROVISIONS THERE IN BEFORE
EXHAUSTING ALL THE RELIEF MEASURES PROVIDED IN THE KPA.
8. TAKING INTO ACCOUNT THE EVOLUTIONARY AND CYCLICAL NATURE OF TRADE
IN TEXTILES, AND THE NEED TO SOLVE ALL PROBLEMS, INCLUDING THOSE DISCUSSED AT THIS NEETING OF THE TEXTILES COMMITTEE, IN A CONSTRUCTIVE AND EQUITABLE MANNER FOR THE INTEREST OF ALL CONCERNED,
A CONSENSUS HAS EMERGED FOR THE MEA TO BE EXTENDED IN ITS PRESENT
FORM FOR A PERIOD OF
YEARS, AND IS EXPECTED TO BE
CONFIRMED BY SIGNATURE PRIOR TO 1 JANUARY 1978.
ENDS.
FCO PASS ADVANCE COPIES TO:
FCO STERN ARBUTHNOTT (EID)
·
CAB
HARRIS
D/IN
DOT
RIDLEY, HUDSON MISS LOVNE FARRY
GRAY WRIGHT MISS MACFARLANE.
MAITLAND
ZADVANCED AS REQUESTED/
EUROPEAN ECON FILES DISTN EID (E)
ADDITIONAL DISTN FRAME
G
-3-- RESTRICTED
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