§ Mr. Barnett
asked the President of the Board of Trade if he will negotiate new global quotas for cotton textiles taking into consideration the changed circumstances arising from increased Portuguese imports.
§ Mr. Jay
The present global quotas were negotiated with the exporting countries for a five year period, and I have no ground for thinking that any attempt to renegotiate them would be beneficial to the British industry. As to Portuguese imports, I have already said that I have every reason to believe that these will not continue to run at the rate of recent months.