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"Talking Points" is acceptable to the FCD. If the argument
develops and especially if the Americans argue that Hong Kong
should not be regarded as a developing country, Mr. Milley
S could make reference to the general standard of living in the
Colony and the importance of international trade to a territory
which has no natural resources and whose whole development
rests on the free flow of commerce. (Paragraph 15(b) of the
ekground textiles brief refers to Hong Kong's preference
for an extension of the Long Term Arrangement if restrictions
become inevitable. we could not support them in this – sse
paragraphs 10-12 and 15 of the brief for our objections).
6. Mr. sellers of the Hong Kong Government's London Office
will be attending the plenary meetings as an observer.
American selling Price (A.§.P.) (Brier No. 5).
7. The background is given in paragraphs 1-3 of the brief.
Mr. Mulley could stress the general political importance of
bringing fully into effect the Kennedy sound agreements which
had shown that the major industrial countries were willing and
able to work together to remove barriers to trade. An early
move by the new U.S. Administration to take action on A.S.P.
would be a valuable demonstration of their commitment to freer
trade and have an important paychological impact quite apart
from its economic effects.
Non-tariff Barriers
8. The new Administration is expected to press strongly for
the elimination of non-tariff barriers to American experts.
They appear to believe that other countries benefit more from
/the
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