TNAG-0298-FCO40-334-Entitlement-of-Hong-Kong-to-generalized-tariffs-preferences--1971 — Page 91

-2- CONFIDENTIAL

ing.

4.

At first sight, there would seem to be merit

in lobbying the EEC before their position on bene- ficiaries is fixed. However, they are unlikely to contemplate further measures to the advantage of Hong Kong except in the context of GPS adaptation

COROESEDED,politically em- and they are even more unlikely to make xoxoxo a barrassing

concessions to on beneficiaries in advance of and in isolation

from the rest of the adaptation package.

5xx I would by no means rule out the possibility, that the BEG before long decide to

5.

This may appear discouraging, but surely the adaman likelihood inxxxhongify that pres- sure from domestic industry will/force the EEC to impose the same limitations on Hong Kong's rivals as are now proposed for the colony? Should these rivals make substantial advances in textiles and

footwear thanks to preferences, theyxuiììmxureby

fimamthemйangxkongmpnenedénom domestic industry pestilling

is bound to wield the Hong Kong precedent. If the rivals fail to make pressive advances, Hong Kong need not worry about the competition.

suc

Λ

hand,

hers

6.

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