A
GATT
The
The new Administration announced during Sir Leon Brittan's
visit to Washington on 11 February that they would seek an extension of their fast track negotiating authority. But they have not yet decided the details of their approach to GATT. There are strong domestic pressures on them to reopen many of the positions taken by the Bush Administration. Minister might say:
The Prime
Glad President will be seeking fast track extension for
GATT negotiations. Hope he will be able to work for
shortest possible extension, say 3-6 months: would allow
time to complete outstanding work while keeping pressure on
negotiators.
Will be encouraging him, above all, to announce an early
decision so that negotiators know the timescale they are
working to.
China/Hong Kong
President Clinton is likely to be prepared to use MFN as a lever
on China. Anything less than unconditional renewal of MFN would
severely damage Hong Kong's economy. We are therefore arguing
for unconditional renewal, though we recognise that the
Administration (and Congress) may wish to attach at least some
conditions. Mr Patten has tentatively scheduled a one week visit
to the US in the period 30 April 16 May; firm plans depend on
when President Clinton would be able to meet him. The Prime
Minister might say:
Will be encouraging President Clinton to consider
unconditional renewal of MFN status for China.
Renewal of MFN essential to Hong Kong's economy (70% of
China's exports to US pass through Hong Kong). If not
renewed, estimate that GDP growth would be halved and
substantial job losses.