SHIPMENTS OF TELEVISION SETS OR OTHER BROADCAST RECEIVERS
•
FARTICULARLY PUSIC CENTRES, SEEM TO REQUIRE PRIOR INVESTIGATION BY HM CUSTOMS AND EXCISE SINCE LARGE NUMBERS OF THE SETS APPEARIN IN THE LA STATISTICS DO NOT APPEAR TO BE OF HONG KONG ORIGIN,
(2) ELECTRONICS IS HONG KONG'S SECOND AND FASTEST-GROWING INDUSTRY. WE WOULD EXPECT HONG KONG MANUFACTURERS TO TAKE MAXIMUM ADVANTAGE OF THE EXPIRY OF THE PAL LICENCE TO PRODUCE DOMESTIC TELEVISION SETS. WE RECOMMEND THAT BRITISH INDUSTRY SEEK TO PROMOTE COOPERATIVE JOINT VENTURES WITH HONG KONG INDUSTRY IN ORDER TO EXPAND ITS SALES IN THE WHOLE FAR EAST
REGION,
(C) HONG KONG IS EAGER TO ATTRACT BRITISH RESEARCH AND DEVELOPMENT IN THE ELECTRONICS INDUSTRY. INVESTMENT FINANCE IS AVAILABLE LOCALLY BUT HONG KONG NEEDS THE BENEFIT OF BRITISH RESEARCH WHICH IT CAN DEVELOP BY USE OF ITS OFFSHORE MANUFACTURING
FACILITIES,
(D) CO-OPERATION BETWEEN THE BRITISH AND HONG KONG ELECTRONIC INDUSTRY COULD COUNTER GROWING COMPETITION FROM OTHER PRODUCTION
AREAS IN ASIA,
(E) THE FACT THAT THE HONG KONG DOMESTIC TRANSMISSION SYSTEM
IS BASED ON PAL DOES NOT SEEM TO BE A SIGNIFICANT ADVANTAGE GIVEN THAT THE HONG KONG DOMESTIC MARKET IS SMALL AND
DOMINATED BY OVERSEAS SUPPLIERS,
(F) THE DEVELOPING HONG KONG ELECTRONIC INDUSTRY SHOULD BE REGARDED AS AN OPPORTUNITY FOR BRITISH INDUSTRY RATHER THAN A THREAT. HONG KONG IS A BRITISH ADMINISTERED REGIONAL MARKETING CENTRE AND AN INDUSTRIAL BASE FOR MANUFACTURE/PART MANUFACTURE/ ASSEMBLY FROM WHICH TO TACKLE OTHER MARKETS IN THIS RAPIDLY DEVELOPING REGION OF EAST ASIA, AT THE MOMENT BRITAIN LIDS A POOR THIRD DEHIND JAPAN AND THE USA IN THE LEAGUE OF INDUSTRIAL.
INVESTORS IN HONG KONG.
MARCH
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