TNAG-0045-FCO40-81-Britain-s-entry-into-EEC-effect-on-trade-with-Hong-Kong-1967 — Page 64

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(1) Mr. Gammara 22

(23) 1631

Common Rakel the

317

I atte

two further tables, in additio. to those which

I have already lot you have, as background for your brief on Hong Kong and the E.E.C. As you will see, i have throughout confined the tables to domestic axports for/PSC0008. First,

two

only a comparatively small proportion of Rong Kong's re-azports at present have free entry into the V.K. mrket, and therefore

the effbot of loss of preference and the application of reverse

preference will be of minor importance on those products. Secondly, the gain to the Hong Kong soonway froz ro-exports is only the value ad/led in the Colony on this trudo. This is natrually far sæller then the value added on domestic exporta

The following general conclusions emerge from those

tables 1-

(a) Hong Kong's domestic exports et current prices inora:sed

by 102) over the period 1960–66. During these yours exorta to the V.b. went up by 68.6, whereas e to the 6.4.6. rose by 3554.

(b) This diserojenay night be exaggerated because of the

œn which export the S.A.0. started.

In absolute tema, however

was over this pardod

lomor leval

an inoreuse in exports to the V,k. of 12. Á402 million and to the 1.5.0, of HK 7309 alllion. Of this latter

increase, sest Gersany accounted for ib A313 million, or over 60.

ma D.

(e) Hong Kong'o main sarket in 1966 wa U.5.4., which took

35.6 of her dosestão exports,

#

6 dhare, shi oh was 20.4 in 1960, rose to 22.5 in 1963, but has fallen since then and was 17.23 in 1966. The share of the 4.7.0.

has risen stondily from 51 in 1960 to 11.4 in 1966. Of this Best Germany's shure rose from 3.7% to 7.3, and that of the Netherlands from 0.6 to 2.4. Frezos'a share in 1960 was negligible and in 1966 was only 0.6.

(a) Five groups of comodities - cotton picoe goods, made-up textile articles, clothing, footwear and grams, toys, ganos and sporting goods.accounted for 2.6. of Hong Kong's domestic exports.to the U.K. in 1966. of these, slothing accounted for 41.2) and cotto piece goods for 17.15.

(e) clothing is relatively of far greater importance in Hong Kong's exports to the f..., and accounted for 65.3. of

/this