egistry.
0.
JRITY CLASыFICATION
Top Secret.j
Secret.
Confidentia
Restricted.
Unclassified.
ACY MARKING
In Confidence
El
Cc:
Sir John
Hunt
DRAFT
MINUTE
To:-
Prime Minister
Type 1 +
FROM
Secretary of State
Telephone No. Ext.
Department
*MULTIFIBRE ARRANGEMENT
But
1. The Commission proposals for conducting the bilateral
agreements under the multifibre arrangement have now been
presented to Member States. They clearly need to be
carefully considered and discussed in the Community.
at first sight they appear to provide the basis for
ensuring that Community internal global import ceilings
are applied to all low-cost suppliers, with extra
stringency for the particularly sensitive textile products.
I accept the paramount importance of ensuring that these
ceilings are applied and would not advocate any policy,
the consequence of which would bo any risk of exceeding
them. However, the distribution of quota to individund
supplying countries within thene global, ceiling doeg
cause ug some difficulty.
2. The Commission's chief textile negotintor, Tran von
Tinh, has visited the main supplying countries to explain
the Commission proposals. When he visited Hong Kong, the
figures he suggested caused the Hong Kong Government
concerne) considerable
The figures for Hong Kong's
quotas under its new bilateral with the Community would
mean a considerable cutback for Hong Kong's exports to
below the 1976 levels, at which the Community intends to
stabilise its import penetration overall. Tran has since
/spoken
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