RESTRICTED COVERING SECRET
Нив
MKB 090/4
Seartay & Stak
Gust
12
FROM:
A R Paul
DATE:
Hong Kong Department
28 March 1991
9/4
CC:
Sir J Coles
сор
ministe
COP SEEN + SCENED
Mr Burns
FED
NAD
PS/Lord Caithness
Private Secretary
had Carloman agreer
Wh Tith
4/4
An additin
आजप
HONG KONG AND CHINA'S MOST FAVOURED NATION STATUS IN THE US
Α
Problem
1.
Mr C H Tung, a major Hong Kong entrepreneur, has written to the Prime Minister setting out the importance to Hong Kong of China continuing to enjoy Most Favoured Nation (MFN)
status in the US.
Recommendation
2. I recommend that the Prime Minister reply
sympathetically. I submit a draft letter and a draft PS letter to PS/No 10. The DTI and FED are content.
Background
3. Mr C H Tung is a prominent Hong Kong shipping magnate. He attended the Prime Minister's lunch on 13 March for members of the Anglo-Hong Kong Trust. He has followed up the lunch with a letter to the Prime Minister setting out the importance to Hong Kong of China retaining its MFN status in the US and thanking the Prime Minister for indicating that he would raise the issue with the President
in Bermuda.
4.
Retention of China's MFN status in the US is indeed vital for Hong Kong's continued prosperity (see Annex A
REXACT/1
CC
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