CJIAEW
な
BACKGROUND
CONFIDENTIAL
accounts
1. Hong Kong
for 1.2% of all United Kingdom exports. It is our 18th largest market worldwide and our
2nd largest in the Far East after Japan. (Hong Kong briefly became our largest export marked in the area
during the first quarter of 1985 but it has since dropped behind Japan on the basis of January to June figures.) In
1984 Our share of the market amounted to 3.9% when we
were Hong Kong's 6th largest market after China, Japan,
the USA, Taiwan and Singapore. On January to June
figures for 1985 our market share is now about 3.5%.
2. British companies are very interested and active in
the Hong Kong market where our exports are mostly capital
goods for project business including power generation equipment, transport equipment and electrical machinery.
Project business apart, healthcare products, information technology, construction
exploration and high quality consumer goods have been
identified as the sectors offering the best potential for
future exports.
services,
offshore
oil
3. In a particularly aggressive market, and in the face
of soft loan elements in competitors'
competitors' financial packages, United Kingdom companies are actively pursuing important
project business contracts. Recent successes in this
sector have included the Castle Peak Power stations, Mass
Transit Railway and Naptha Gas Plant. Despite the loss by a consortium led by GEC of the main contract to build
the Tun Muen Light rail system, British companies have
since been awarded substantial sub-contracts for the
project totalling £30 million and the Kowloon Canton
Railway Corporation recently placed an order for 75 new
coaches worth approximately £30 million with Met ro
CONFIDENTIAL