TNAG-1372-FCO40-1818-Ministerial-visits-from-the-UK-to-Hong-Kong-1985 — Page 36

DB1AGF

CONFIDENTIAL

MR RENTON'S VISIT TO HONG KONG (27-31 OCTOBER 1985)

6. UK/HONG KONG TRADE

Points to make in public

1. British companies very interested and active in Hong Kong market.

2. Hong Kong now UK's second largest market in Far East and eighteenth world wide. Hong Kong/UK trade still

increasing.

Points to make to Hong Kong Government officials

1.

Important that British companies are encouraged to remain active in Hong Kong market: particularly the major project sector, not only

only for commercial reasons but as

visible expression of UK's political and economic commitment. Understand British companies represented in

consortia short-listed for Second Harbour Crossing

project. Those involved have significant expertise to

offer.

2.

(Hong Kong Dollar Finance) Aware that Hong Kong Government usually requires bids for major public sector

projects to be submitted in Hong kong Dollars.

Government export credit for UK exporters is subject to Treasury guidelines on wide range of non-standard currencies (including Hong Kong dollar).

subject, but Government departments here

reviewing these guidelines.

Complex

are

now

CONFIDENTIAL

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