TNAG-0938-FCO40-1157-Visit-of-John-Nott--Secretary-of-State-for-Trade--to-Hong-Ko-1980 — Page 201

*

particular problem of textiles and clothing.

It is too early to say

control

precisely what successor arrangements should replace the present MFA

But it is clear that when it expires at the end of 1981.

of imports will continue to be required.

Bilateral Relations with Korea

14. It will be clear from all I have said that I look forward to clos

and continuing trade relations between the United Kingdom and Korea.

This short visit

me a first hand impression

will give

of your economic potential. I believe that the continuing increases in our exports to you reflect a growing recognition by Korean industry that the UK has the capacity and interest to satisfy Korea's rapidly increasing technical requirements. We for our part are working hard to increase the number of UK companies visiting Korea and represented

You here and to encourage joint ventures and licensing agreements. will recall that early last year we sponsored a major visit by leaders

I am glad to say of British industrial and commercial enterprises.

that as a result, more of our firms are taking an active interest in the Korean market. I am confident that this trend will continue,

fostered by the excellent relations between the Governments and

business communities of our two countries.