Nairobi, May 12: Pakistan’s Minister for Commerce and Industry, Mir Afzal Khan, yesterday called for an end to quantitative restrictions on cotton textile exports which he said hurt his country seriously.
Mr. Khan who was addressing the plenary session of the U.N. Conference on Trade and Development (UNCTAD) spoke of the plight of developing countries and said debt relief was the quickest and most effective form of providing additional assistance to such countries.
Japan told the session that though not all elements of the integrated programme seemed to be workable, they would be studied seriously from all angles. At the same time, Mr. Toshio Kimura, head of the Japanese delegation, described Dr. Kissinger’s proposal for an international resources bank as ‘most interesting’ and hoped it would be further examined.
Mr. Kimura referred to a series of commodity negotiations in which his country had taken part recently and said Japan would participate actively in the existing inter-government consultations with regard to tea, jute. natural rubber and bananas.
Philippines Foreign Under Secretary Manuel Colliantes said Dr. Kissinger’s proposal to negotiate commodity agreements on a case-by-case basis had been tried before and failed. The third world favoured a common six million dollar fund to finance stockpiles of commodities.
Mr. Colliantes also said the Philippines had “reservations” about Dr. Kissinger’s proposal to establish an international resources bank to promote development of raw materials resources in poor nations.


















