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Volume 901: debated on Thursday 20 March 1975

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asked the Secretary of State for Industry if he will introduce an economic regulator which would automatically provide for a reduction of textile imports at times of recession and, if necessary, an increase at times of shortage.

I have not yet completed examination of value statistical criteria, and the implications in relying solely on such criteria, as a guide to action by Government to restrict imports of textiles, but hope to do so within a week or so after Easter.