CONFIDENTIAL
QUOTE UN ELARGISSEMENT DE LEURS ECHANGES UNQUOTE AND THAT ARTICLE 1 REFERS TO:- QUOTE L'EQUILIBRE DES AVANTAGES MUTUELS UNQUOTE
IN OUR OCASE, THIS COULD PERHAPS BEST BE ACHIEVED BY AN EXCHANGE OF
LETTERS WHICH MIGHT TAKE PLACE UNDER ARTICLE 3 OF OUR ECONOMIC AGREEMENT. ALTHOUGH WE ARE ANXIOUS THAT THE CONCLUSION OF THIS AGREEMENT SHOULD NOT BE DELAYED. OR PREJUDICED ON THIS ACCOUNT, WE
ATTACH IMPORTANCE TO ACHIEVING AN UNDERSTANDING ON SHIPPING,
5. ACCORDINGLY, UNLESS YOU SEE ANY OBJECTION WE SHOULD LIKE YOU TO SOUND OUT THE MINISTRY OF FOREIGN TRADE ON THESE LINES AND REPORT THEIR REACTION AS SOON AS POSSIBLE. THE EXCHANGE OF LETTERS WOULD TAKE PLACE DURING THE SECRETARY OF STATE FOR INDUSTRY'S VISIT.
THE CORE OF THE TEXT MIGHT READ AS FOLLOWS:-
QUOTE THE PARTIES RECOGNISE THAT THE PRINCIPLE OF MUTUAL BENEFIT FROM THEIR JOINT ECONOMIC ACTIVITY SHOULD APPLY TO MARITIME TRANSPORT IN THIS SECTOR THE PARTIES CONFIRM THE PRINCIPLE OF EQUITABLE PARTICIPATION BY THE SHIPPING ENTERPRISES OR COMPANIES OF BOTH PARTIES ON REMUNERATIVE TERMS UNQUOTE.
6.. OUR EXPERIENCE IN SHIPPING WITH OTHER STATE TRADING NATIONS SUGGESTS THAT IN ORDER TO MAINTAIN OUR SHIPOWNERS' INTERESTS AN AGREED FORM OF WORDS IS NECESSARY AS A PEG UPON WHICH TO LAY DETAILED CONSULTATIONS. IN PUTTING THE IDEA TO THE CHINESE YOU COULD EMPHASISE THAT SUCH AN UNDERSTANDING WOULD BE TO OUR MUTUAL ADVANTAGE, WE FEEL SURE THAT COOPERATION WITH SUCH AN EXPERIENCED MARITIME NATION AS BRITAIN COULD BE HELPFUL TO THE CHINESE. THEY HAVE ALREADY IDENTIFIED PORT DEVELOPMENT AND PARTICULARLY CONTAINERISATION AS ONE SUCH AREA AND THERE MUST BE OTHERS. SHIP MANAGEMENT AND THE HANDLING OF SPECIALIST CARGO NEEDED URGENTLY FOR CHINA'S MODERNISATION PROGRAMME ARE OTHER AREAS WHERE OUR ASSISTANCE COULD BE INVALUABLE.
bi
2
CONFIDENTIAL
17.1F
IF
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