TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 68

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Arrangement (MFA). And there is suggestion to replace the

If that existing quota system by an import licence system. happens, effective control will be removed from the exporting country. I believe I do not need to elaborate on the consequences of such change.

One would Protectionism in any form must be deplored. like to think that this phenomenon is only temporary, but given the unpredictability of the international scenario, it would be difficult to say when the situation will change for the better. The better view is that it will get worse before it gets better. For our part, we must remain vigilant and flexible and be prepared to adapt ourselves to changing circumstances at short notice.

Sir, I have much pleasure in supporting the motion.