Cotton woven fabrics
16
Percentage
charge 1975
(a) EEC Production
(b) Imports from
over 1974
13.1%
Percentage
charge 1976
Share of
Consumption
over 1975
+ 14.9%
in 1976
56.6%
non-EEC sources
+ 12.78
+ 30.4%
43.4%
of which
Hong Kong India
Pakistan
Taiwan
(c) Imports from
+ 49.18
14.28
2.9%
- 52.93
+270.0%
5.8%
+ 17.78
4.4%
2.8%
13.6%.
+ 20.9%
1.9%
EEC sources
25.9%
+ 47.49
21.4%
47.
In
Imports from Hong Kong in 1976 dropeed by 14.2%. 1976, EEC production increased by 14.9% and EEC exports, which accounted for 47.5% of EEC production, increased by 43.18. This indicates a recovery from the industry's depressed state in 1975 and a healthy recovery in export trade.
48.
In 1976, imports from non-EEC sources increased by 30.4% compared with an increase of 47.4% in imports from EEC sources; the proportion of EEC imports to non-EEC imports was about 1 to 2. About half of non-EEC imports in 1976 came from, countries other than-those-with-which the EEC have concluded-MFA... Article 4 Agreements and other than Lome Convention countries, i.e. mainly from developed countries, which registered an increas
of 30.6% in 1976.
49.
In view of the recovery in EEC production in 1976, and of the fact that the main part of the increase in total imports came from sources which will not be subject to "stabilisation", it would appear, first, that the EEC industry does not need "stabilisation" of imports and, secondly, that "stabilisation" will have little effect on the level of imports since major sources of imports will remain unrestrained,
--50.
However, in view of the fact that EEC production was
4 lower tham in 1976 than in 1975, that non-EEC imports increased substantially in 1976 and that, in spite of a decline in 1976 imports from Hong Kong in that year, were still higher than in 1974, it can be said that a real risk of market disruption may recur if the present restraint on this item is removed.
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