CONFIDENTIAL

HKB 091/1

RECEIVED IN FEGISTRY

17 MAR 1993

DESK OFFICER INDEX

REGISTRY

PA

Action Taken

PA MFN file

but pix can like x below first. This mis

060232

MDTTAN 8458

Mr Hyd

Mr

40

CONFIDENTIAL

FM HONG KONG

TO TELELETTER FCO

TELELETTER NFR

OF 150141Z MARCH 93

AND TO TELELETTER WASHINGTON, PEKING

Ricketts Mis Barnes Juan

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1775

ho13.

M. Whitney 17/3.

Новеваний

Mids Souch Good Points.

1713 pa.

10 Jis 13

FROM: CHERRY LING, PRINCIPAL ASSISTANT SECRETARY FOR TRADE AND INDUSTRY, HONG KONG

FOR: J C MORRIS ESQ., HONG KONG DEPARTMENT, FCO COPIED TO: S D PATTISON ESQ., WASHINGTON

W EHRMAN ESQ., POLITICAL ADVISER, HONG KONG A PAUL ESQ., UKREP JLG HONG KONG

M COX ESQ., PEKING

US/CHINA: MFN RENEWAL

1. I REFER TO YOUR TELELETTER OF 9 MARCH.

+2. PATTISON'S REPLY OF 11 MARCH TO YOU IS MOST HELPFUL AND I

AGREE WITH HIS ASSESSMENT.

3. FOR SOME TIME NOW CHINESE OFFICIALS HAVE BEEN MAKING THE ARGUMENT THAT A CONSIDERABLE PORTION OF CHINA'S TRADE SURPLUS IS ATTRIBUTABLE TO INVESTMENTS FROM HONG KONG AND TAIWAN. THEY HAVE MADE THIS POINT TO US AND WE BELIEVE THAT THEY DID SO TO US NEGOTIATORS DURING THE SECTION 301 MARKET ACCESS TALKS LAST YEAR. WE HAVE TOLD THEM THAT WE DO NOT AGREE WITH THIS ARGUMENT. WE

BELIEVE THE AMERICANS ALSO REJECTED IT IN THE CONTEXT OF THEIR

MARKET ACCESS NEGOTIATIONS WITH THE CHINESE.

4. WE HAVE ALSO NOTICED A TENDENCY AMONG OUR NATURAL ALLIES ON THE MFN ISSUE TO BE ATTRACTED BY THE 'GREATER CHINA' ARGUMENT. THE US-CHINA BUSINESS COUNCIL INCLUDED IT IN A PAPER ON CHINA POLICY WHICH THEY PRESENTED TO THE THEN PRESIDENT-ELECT CLINTON IN DECEMBER. WE HAVE DRAWN ATTENTION TO THE DRAWBACKS AND WILL CONTINUE TO DO SO. BUT I SHARE YOUR CONCERN THAT IT MAY FALL INTO THE HANDS OF PROTECTIONISTS PREPARED TO USE IT TO HONG KONG'S

DISADVANTAGE.

5. WE HAVE CONSISTENTLY ARGUED THAT COUNTRY OF ORIGIN IS AN INTERNATIONALLY ACCEPTED CRITERION FOR THE COMPILATION OF TRADE STATISTICS. FOR EXAMPLE, US EXPORTS ARISING FROM FOREIGN

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CONFIDENTIAL

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