TNAG-0628-FCO40-776-Effect-of-GATT-Multi-Fibre-Arrangement-on-Hong-Kong-negotiat-1977 — Page 82

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IN A WAY WHICH WOULD PROMOTE THE OBJECTIVES AND AIMS OF THE

MA. PARTICIPANTS EMPHASIZED THAT THE PRIMARY AIMS OF THE MEA ARE TO ENSURE THE EXPANSION OF TRADE IN TEXTILE PRODUCTS PART- ICULARLY FOR THE DEVELOPING COUNTRIES, AND PROGRESSIVELY TO ACHIEVE THE REDUCTION OF TRADE DARRIERS AND THE LIBERALIZATION OF WORLD TRADE IN TEXTILE PRODUCTS WHILE, AT THE SAME TIME AVOIDING DISRUPTIVE EFFECTS IN THE MARKETS OF IMPORTING COUNTRIES, 4N THIS CONTECT, IT WAS FELT THAT IN ORDER TO ENSURE THE PROPER FUNCTIONING OF THE MFA, ALL PARTICIPANTS WOULD REFRAIN FROM TAKING MEASURES ON TEXTILES COVERED BY THE MFA OUTSIDE THE PROVISIONS THEREIN BEFORE EXHAUSTING ALL THE RELIEF MEASURES

PROVIDED IN THE MFA.

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 MEETING OF THE TEXTILES COMMITTEE, IN A CONSTRUCTIVE AND EQUITABLE MANNER FOR THE INTEREST OF ALL CONCERNED, A CONSENSUS HAS EMERGED FOR THE MFA TO BE EXTENDED IN ITS PRESENT FORM FOR A PERIOD OF

YEARS, AND

IS EXPECTED TO BE CONFIRMED BY SIGNATURE PRIOR TO 1 JANURARY

1978.

2, PARAS 1-3 AND 6 ARE UNCHANGED FROM TEXT IN MY TELNO 352. 3. PARA 4 NOW CONSISTS OF FIRST TWO SENTENCES ONLY OF TEXT IN MY TELNO 352( THIRD SENTENCE HAVING BEEN TRANSPOSED AND SLIGHTLY AMENDED TO FORM NEW PARA 8).

FCO PLEASE PASS ADVANCE COPIES TO :

DOI

RIDLEY HUDSON LOWNE FARRY

DOT

WRIGHT MACFARLANE

CAB

HARRIS

EID (E)- STERN

BOTTOMLEY

FILES

[ADVANCED AS REQUESTED]

COPIES TO

ADVANCE ADDRESSEES

EID (E)

UND

TRED

HRJGD

NAMD

MR HIBBERT

MR FRETWELL

MR BUTLER MR THOMAS

2

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