TNAG-1491-FCO40-2049-Future-of-Hong-Kong-General-Agreement-on-Tariffs-and-Trade-(-1986 — Page 66

GRS 180

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FM BELGRADE

TO IMMEDIATE FCO

TELNO 054

OF 281105Z FEBRUARY 86

Гінках

HKK

040/2

3 MAR

इ

YOUR TELNO 216: MULTI-FIBRE ARRANGEMENT (MFA)

1. THIRD SECRETARY SPOKE ON 27 FEBRUARY TO MRS PERKOVIC, DESK OFFICER FOR GATT AT THE FSFA WHO SAID THAT YUGOSLAVIA'S KEY OBJECTIVE IS FOR TRADE IN TEXTILES TO BE PUT INTO GATT REGULATIONS AS SOON AS POSSIBLE. THE FACT THAT THIS WAS NOT THE CASE ALREADY IS FOR YUGOSLAVIA THE BIGGEST DEROGATION OF THE GATT PRINCIPLE. IN THE SHORT TERM FROM THE NEGOTIATIONS IN APRIL, THEY HOPE TO SEE A NEW, MORE LIBERALISED MFA WITH HIGHER EXPORT QUOTAS FOR DEVELOPING

COUNTRIES.

2. MRS PERKOVIC SAID THAT YUGOSLAVIA AND OTHER DEVELOPING COUNTRIES HAD HEARD RUMOURS THAT THE DEVELOPED COUNTRIES (IN PARTICULAR US AND JAPAN) HOPED TO ACHIEVE SOME SORT OF TRADE-OFF WITH THE DEVELOPING COUNTRIES AT THE NEGOTIATIONS (POSSIBLY MORE LIBERALISATION OF TRADE IN TEXTILES IN EXCHANGE FOR THE INCLUSION OF TRADE IN SERVICES UNDER GATT). SHE EMPHASISED THAT THIS WAS TOTALLY UNACCEPTABLE FOR THE

DEVELOPING COUNTRIES.

WOOD

INTERNATIONAL

ECD (E)

TRADE

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