TNAG-1254-FCO40-1587-Third-countries-and-the-future-of-Hong-Kong-1983 — Page 64

DSR 11C

"CONTRIBUTION::TO. STEERING-BRIEF FOR THE PRIME MINISTER'S

VISIT TO US:

WORLD ECONOMIC SCENE

The Prime Minister will wish to emphasise the need

to avoid choking off the recovery by urging the President and the Administration to live up to the commitments

agreed at Williamsburg on budget deficits and

protectionism.

Action by the Americans to implement the éDeclaration is even more important than action by other countries. In the context of the Williamsburg commitment to roll back protectionism, the Prime Minister will wish

to emphasize the need to prevent any further deviation

in relations between the United States and the European

Community. Mrs Thatcher may wish to remind the President

agrating sheet snmports

that his recent steel measures were unhelpful.

/were

The Prime

Minister might also wish to indicate the need for an

effort on both sides to resolve current problems over

agriculture.

Bilateral Problems

harmed

ممارسة

British interests are affected by the

extra-territorial effect okf certain US laws, such as the

new Export Administration Act, and Unitary Taxation. The

Prime Minister might emphasise the political and economic

importance of these questions to the UK and urge the

President to see that the Administratrion does everything

in its power to ensure that British concerns (and those

CONFIDENTIAL