CONFIDENTIAL
M177090
76
026046
MDHIAN 6621
CONFIDENTIAL
FM HONG KONG
TO DESKBY 15103OZ F CO
TELNO 1504
OF 15090OZ MAY 91
TOP COPY Q DIST?
AND TO IMMEDIATE UKREP JLG HONG KONG, OTTAWA, TOKYO, PEKING
AND TO IMMEDIATE WASHINGTON, CANBERRA, ROME, SINGAPORE
Q
YOUR TELNO 920: MFN STATUS FOR CHINA: ACTION PLAN
FOLLOWING IS A SUMMARY OF OUR ESTIMATES (BASED ON VARIOUS SOURCES) OF VARIOUS COUNTRIES' RESPECTIVE INVESTMENTS IN HONG KONG
AND TWO-WAY TRADE STATISTICS.
JAPAN
2.
THERE ARE ABOUT 1,400 JAPANESE FIRMS IN HONG KONG WITH A TOTAL INVESTMENT OF ABOUT USD 9.2 BILLION AS AT SEPTEMBER 1990. JAPAN IS HONG KONG'S THIRD LARGEST TRADING PARTNER, AFTER CHINA AND U S. IN 1990, OUR TOTAL TRADE WITH JAPAN AMOUNTED TO USD 17.9 BILLION.
AUSTRALIA
3. THIS IS COVERED IN CANBERRA TELNO 369 TO FCO.
CANADA
4.
RE OTTAWA TELNO 245 TO FCO WHICH PROVIDES A 1987 FIGURE, ESTIMATE IS THAT THE TOTAL VALUE OF CANADIAN INVESTMENT IN HONG KONG'S MANUFACTURING SECTOR AMOUNTED TO USD 25 MILLION IN 1989. IN 1990, OUR TOTAL TRADE WITH CANADA AMOUNTED TO USD 1.9 BILLION.
SINGAPORE
5.
OUR ESTIMATE IS THAT THEE ARE SOME 20 SINGAPOREAN COMPANIES IN HONG KONG. TOTAL SINGAPOREAN INVESTMENT IN THE MANUFACTURING SECTOR IS ABOUT USD 62.7 MILLION AS AT DECEMBER 1989. SINGAPORE IS HONG KONG'S SIXTH LARGEST TRADING PARTNER. IN 1990, OUR TOTAL TRADE WITH SINGAPORE AMOUNTED TO USD 6 BILLION.
6.
SEPARATELY, RE PARAGRAPH 2 OF WASHINGTON TELNO 1279 TO FCO, THE GOVERNOR'S LETTERS WERE DELIVERED TO US CONGRESSMEN AND SENATORS BY HAND ON 13 MAY (EXCEPT PELOSI TO WHOM THE GOVERNOR WILL SEND A SLIGHTLY MODIFIED LETTER SHORTLY).
FORD
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