TNAG-0045-FCO40-81-Britain-s-entry-into-EEC-effect-on-trade-with-Hong-Kong-1967 — Page 7

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Tovide

•Anctions.

Suret-arge

35.6% of total domestic exports), the U.K. (£61.7 million or 17.2%) and the E.E.C. (£40.8 million or 11.4%) (see Annex B). Hong Kong's domestic exports to the U.K. rose by 9% per annum

between 1960 and 1966: her exports to the E.E.C. rose by

over 28% per annum over the period. In absolute terms,

domestic exports to the U.K. rose by about £25 million, and

to the E.E.C. by over £31 million. About two-thirds of the

increase in exports to the E.E.C. were to West Germany, which

took 64.5% of Hong Kong's domestic exports to the Community

in 1966. France's imports from Hong Kong, altnough increasing,

were still less than 1% of Hong Kong's domestic exports.

The U.K.'s share of Hong Kong's domestic exports has tended to

fall in recent years; after rising from 20.4% in 1960 to

22.5% in 1963, it fell to 17.1% in 1965 and 17.2% in 1966.

The E.E.C.'s share has risen steadily from 5% in 1960 to

11.4% in 1966 (see Annex C and D).

4. Hong Kong's main exports to us (including re-exports)

were as follows (their value in each case is expressed in

the first bracket as a percentage of total exports of that

item and in the second bracket as a percentage of Hong Kong's

total exports of all commodities):

Clothing

Textile Yarn Fabrics and made up Articles

£20.8 million (18.5%) (5.1%)

£15.4 million

(23.4%)

(3.8%)

Miscellaneous manufactured items

£6.9 million

(11.0%)

(1.7%)

Footwear

Machinery, Apparatus and Appliances

Precious Metals and Jewellery

Manufactures of Metal

Fixtures and Fittings

£ 3.8 million

(39.5%)

(0.9%)

£ 2.7 million

(11.6%) (0.7%)

£2.4 million

£ 0.97 million

£ 0.75 million

(12.6%) (0.6%)

(8.9%) (0.2%)

(10.7%)

(0.2%)

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