NOTHING TO BE WRITTEN IN THIS MARGIN
W(B)L 51-7406
CONFIDENTIAL
for not agreeing with this argument, and
for pressing ahead with Hong Kong's case
at the negotiating table. The primary
reason is that, once liong Kong, L excluded
is
by the Six, and therefore by the other-
donors, from the UNCTAD Scheme, there will
be no hope, sither at the negotiating table
or elsewhere, of securing her even partial
inclusion. Our best hope of achieving this
lies in the course of negotiations, and this
we must pursue.
15. It will also be useful during the
meting to discuss the possible restrictions
on Hong Kong's exports, were she to be
included as a beneficiary under the UNCTAD -
Scheme. The Six appear to be considering
something along the following lines for
dong nong:
(1)
i -
exclusion of all textiles and shoes;
1) special tarife quotas for sensitive
products - the twenty-two products on
which there are in existence, in one
or other of the member states, quanti-
tive restrictions on imports from Hong
Kong. The quotes would provice for
duty free entry of 15% only of Hong Kong's
exports of each product to the community;
the rest would have to pay the full
teriff;
(iii)on everything else Hong Kong would be
a full beneficiary under the Community's
/Preference
CONFIDENTIAL