CONFIDENTIAL
If as already
Hong Kong economy suffers as a result of or about the
time of our joining the enlarged Community.
mentioned, the economy of Hong Kong were so affected through
loss of markets overseas that a serious unemployment problem
developed, a difficult internal security situation could
arise.
12.
III Threats to Hong Kong's Trade
There are ↳ inter-related threats which will tend to limit
Hong Kong's growing trade, 2 concerning tariffs and 2
concerning quotas, as follows:
3..
On entry to the EEC, the United Kingdom will
impose the Common External Tariff against
Hong Kong.
b.
Hong Kong is likely to be excluded from the
2.
Се
d.
ELC and United States proposals under the UNCTAD
Generalised Preferences Scheme, and her main
competitors are likely to be given tariff
preferences against her.
The evolution of the Common Commercial Policy
may result in the extension of quotas against
Hong Kong's trade, not only by the Six but by
the United Kingdom and other candidates for
membership or association, when they have
joined the EEC.
The world-wide threat to liberal trading arising
from the current American moves on non-cotton
textiles.
The Common External Tariff
13. Unlike all other British dependencies, for which we expect
association, and all the dependent territories of the Six
/in