RESTRICTED
197 - 1
PER CENT PER CENT PER CENT PER CENT PER CENT
.8 AS A BRITISH DEPENDENT TERRITORY, HONG KONG IS REPRESENTED
ON THE BRITISH DELEGATION TO THE GENERAL AGREEMENT ON TARIFFS AND
TRADE. BY VIRTUE OF THIS, IT ALSO PARTICIPATES IN THE MULTI-
FIBRE ARRANGEMENT. WHERE THEUNITED KINGDOM IS A MEMBER OF
INTERNATIONAL COMMODITY AGREEMENTS, THESE CAN BE EXTENDED TO
INCLUDE HONG KONG.
Q.9 THE FOLLOWING TABLE SHOWS THE BALANCE OF VISIBLE TRADE BETWEEN
THE UNITED KINGDOM AND HONG KONG FOR THE PERIOD 1978-1982:
872.5 (Revised figures given to
Mer tevadis office after Dotvade query.onn
(POUNDS MILLION) 1978
1979
1980
1981
1982
IMPORTS FROM
531.4
527.8
689.3 850.2 687.2
897.3
872.5
$47.5
896.6
HK (CIF)
EXPORTS TO HK
361.7
442.5
559.4
617.5
732.5
361-7
43.4
559.2
614.0
732-5
(FOB)
BALANCE
-169.7
-246.8 -290.8 -279.8 -140.0
13/4
(m. 215 5103). idy Bowten
THE UNITED KINGDOM DOES NOT IMPOSE TAXES ON HONG KONG, AND THUS
RECEIVES NO DIRECT REVENUE FROM THERE. THERE ARE SOME RELATIVELY
SMALL BUDGETARY TRANSACTIONS WITH THE TERRITORY, FOR EXAMPLE
CONCERNING DEFENCE. THESE HAVE IN THE PAST LED TO A NET COST TO
THE UK, BUT HONG KONG HAS ASSUMED A GREATER PROPORTION OF COSTS
IN RECENT YEARS.
3. WE BELIEVE THESE QUESTIONS ARE INTENDED TO BE HELPFUL.
GRATEFUL FOR YOUR COMMENTS, AND FOR ANY BACKGROUND INFORMATION,
ESPECIALLY DETAILS OF CASH FLOWS FOR QUESTION 9, EG ROYAL MINT,
DEFENCE, DESKBY 081200Z IF POSSIBLE.
PYM
MINIMAL
HKGD
ESID
FED
ECD(E) ERD
COPIES TO:
MR WEBB-JOHNSON, HKGO
MR CRUICKSHANK, OT/DOT
MR GILHOULY, TREASURY
2
RESTRICTED