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INFO PRIORITY HONG KONG, UKREP JLG HONG KONG, PEKING, WASHINGTON INFO ROUTINE TOKYO, ROME, CANBERRA, SINGAPORE
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YOUR TELNO 920 TO HONG KONG: MFN STATUS FOR CHINA: ACTION PLAN
1.
ACCORDING TO THE CANADIAN BRIEFING PREPARED FOR THE GOVERNOR OF HONG KONG'S VISIT LAST YEAR, CANADIAN INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRY AMOUNTED TO CAN. DOLLARS 19.4 MILLION IN 1987. THERE ARE APPROXIMATELY 70 CANADIAN COMPANIES WITH BRANCH OR SUBSIDIARY OPERATIONS IN HONG KONG. TWELVE FACTORIES, EMPLOYING ABOUT 1500 PERSONS, ARE KNOWN TO BE WHOLLY OR PARTLY OWNED BY CANADIAN INTERESTS.
2.
CANADA IS HONG KONG'S SIXTH BIGGEST EXPORT MARKET. IN 1989, TWO-WAY TRADE BETWEEN CANADA AND HONG KONG WAS OVER CAN. DOLLARS 2.2 BILLION
FALL
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49
LIMITED
HKD
FED
NAD
SEAD
ERD
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PS/LORD CAITHNESS
SIR J COLES
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