CONFIDENTIAL
increased interest shown in HK by UK firms.
continue.
Hope this trend will
2. Have been strong export promotion efforts by British Overseas
Trade Board but up to individual firms to exploit opportunities
available in HK.
Welcome
3. HMG will continue efforts to interest both exporters and
potential investors in HK market and economy generally.
too any ideas HK firms may have to invest in the UK.
conditions, skilled labour, etc.
good financial
4.
Appreciate the importance of major infrastructure developments
in HK and of growing strength of the electronics sector. Apart
from well known areas like these any HK ideas for other market
segments likely to be of greatest potential in near future?
5. HMG strongly committed to HK market for major project business.
Shown this by its flexibility over export credit terms: HK now
ECGD's major commitment. UK remains of course very interested in
those major projects now in course or planned. Anything that HK
interlocutors wish to add now about any of these?
6. If asked. HMG welcomes the voluntary restraint arrangements
(VRA) which the UK consumer electronics industry has made with
Korea, Taiwan, etc, for TV sets, music centres, etc. UK industry
apparently not seeking VRA for HK origin goods. But welcomes,