CONFIDENTIAL
15541.7
MDHIA 6697
COMMENTS TO THE US ADMINISTRATION. WE HAVE ALSO ENCOURAGED LOCAL TRADE AND INDUSTRIAL ASSOCIATIONS TO SUBMIT THEIR COMMENTS TO THE US.
C. ALTHOUGH THIS IS A BILATERAL ISSUE BETWEEN CHINA AND THE US, WE ARE CONCERNED THAT RETALIATION BETWEEN OUR TWO LARGEST TRADING PARTNERS WOULD SERIOUSLY HURT HONG KONG'S ECONOMY. WE HAVE CONVEYED OUR CONCERN TO BOTH SIDES AND HOPE THAT THEY WOULD REACH A SATISFACTORY AGREEMENT BEFORE 10 OCTOBER 1992.
PATTEN
YYYY
DISTRIBUTION
34
MAIN
34
HKD
SEAD
NEWS D
ECONOMIC ADVISERS
RAD
PS/MR GOODLAD
SIR J COLES
NNNN
PAGE
2
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