VISIT OF MR LUCE TO HONG KONG: 24-28 SEPTEMBER 1983
BRIEF NO 5: COMMERCIAL OPPORTUNITIES
POINTS TO MAKE
1.
Agree that UK export performance not as good as we should like
in some sectors. Nevertheless, increased interest shown in Hong
Kong by UK firms in recent years. Four sectors in particular where scope for increased UK export activity - construction, textiles,
electronics and quality consumer goods.
2.
Y
HMG firmly committed to Hong Kong market for major project
business. Hong Kong is ECGD's biggest exposure. Delighted by British companies' success in winning major contracts such as Castle
Peak Power Station and Mass Transit Railway. Very much hope for
continuing UK involvement on major projects now under consideration,
including development of Kai Tak.
3. Aware that UK response to investment in Hong Kong has been less
than that of Americans and Japanese: but decision to invest overseas
is for commercial judgement of individual firms.
4.
UK's only quantitative restrictions on imports from Hong Kong
are on textiles.