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Economy / Textiles / Asian Countries #213315

CBS Evening News for Friday, Oct 15, 1971
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(Studio) Report on voluntary curb of Asian textiles flow to US.
REPORTER: Walter Cronkite

(DC) Agreement fulfills administration pledge to South textile industry Japan, Hong Kong, China, South Korea and Taiwan, China, agree to limit exports in return for United States dropping 10% surcharge on these textiles. Surcharge drop applies to all cntrys. Surcharge never affected cotton. International economy affairs assistant Peter Peterson says 4 cntrys. can increase sales to United States through agreement. [PETERSON - speaks of enormity of United States textile industry] President reported pleased with plan.
REPORTER: Bruce Morton

Reporter(s):
Cronkite, Walter;
Morton, Bruce
Duration:
00:01:50

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