TNAG-1473-FCO40-2004-Visits-by-MPs-from-the-UK-to-Hong-Kong-1986 — Page 101

(d)

(e)

CONFIDENTIAL

He

whereby passports were traded for capital. Look good note. This was not Uruguay's style.

He continued to believe that Latin America had a

future but the countries concerned suffered from

economic rigidities.

On the MPA, what was our position? I disclaimed expertise but pointed to our strong dependence on textiles, strong dislike of protectionism and general wish to see a return to GATT

disciplines, In realism, however, this could not be immediate. The important thing at this point was the signals. Hong Kong meanwhile resented the US attempt to pick off, or indeed bludgeon, the Asian producers in advance.

(f) Falklands: Iglesias suggested that the

(g)

I

brilliance shown over the Hong Kong settlement could usefully be applied over the Falklands. said that this would have washed better if it had

been tried before the hostilities. He took the

point.

I admitted gladly that the UK could have done more to cultivate its relationship with Latin America generally in the 1970's. That was now however rectified. Igelaias said that Baroness Young had been doing sterling work.

(JDI Boyd)

PA 3.6.86

CC DPA

spn 5 (20)

Chancery Montevideo

AUSS FCO HKD FCO

CONFIDENTIAL