TNAG-0628-FCO40-776-Effect-of-GATT-Multi-Fibre-Arrangement-on-Hong-Kong-negotiat-1977 — Page 97

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7. ALL PARTICIPANTS SAW MUTUAL CO-OPERATION AS THE FOUNDATION

OF THE ARRANGEMENT AND AS THE BASIS FOR DEALING WITH PROBLEMS

IN A WAY WHICH WOULD PROMOTER THE OBJECTIVES AND AIMS OF THE MFA.

PARTICIPANTS EMPHASISED THAT THE PRIMARY AIMS OF THE MFA ARE

TO ENSURE THE EXPANSION OF TRADE IN TEXTILE PRODUCTS PARTIC-

ULARLY FOR THE DEVELOPING COUNTRIES, AND PROGRESSIVELY TO ACHIEVE THE REDUCTION OF TRADE BARRIERS AND LIBERALISATION OF WORLD

TRADE IN TEXTILE PRODUCTS. IN THIS CONTEXT, 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 OUTSSIDE THE PROVISIONS THEREIN.

FCO PASS ADVANCE COPIES TO :

DOI RIDLEY, HUDSON

DOT

K

WRIGHT

CAB HARRIS

EID (E) - STERN

BOTTOMLEY

[ADVANCED AS REQUESTED]

FILE S

EID (E)

PRES SECT

UND

TRED

HK & GD

MR HIBBERT

MR FRETWELL

MR BUTLER

N AM D

MR THOMAS

3

:

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