TNAG-1768-FCO40-2522-Hong-Kong-and-the-Multilateral-Investment-Guarantee-Agency-(-1988 — Page 76

CONFIDENTIAL

FM PEKING

TO

PRIORITY FCO

TELNO 274

OF 110043Z FEBRUARY

88

AND TO PRIORITY HONG KONG

23

CONFIDENTIAL

25

060723 MDLIAN 9222

HKC 102/1

* Cʊsis REGISTÄ. 11 FEB:938

TOP COPY

Q DKT 7

(24

YOUR TELNO 126 AND HONG KONG TELNO 19: MULTILATERAL INVESTMENT GUARANTEE AGENCY (MIGA)

1. PIGOTT CALLED ON WANG WEIYANG ON 10 FEBRUARY AND TOOK ACTION AS AGREED IN TURS. WANG ASKED THREE QUESTIONS AS FOLLOWS.

·

2. HE ASKED WHICH COUNTRIES HAD RATIFIED THE CONVENTION. PIGOTT ANSWERED AS IN A2 OF 1987 HONG KONG TELNO 180, AS AMENDED BY PARA 3 (B) (I) OF YOUR TELNO 165. WANG ALSO ASKED WHETHER ANY OTHER COUNTRIES INTENDED TO INCLUDE THEIR DEPENDENT TERRITORIES IN RATIFYING THE CONVENTION. PIGOTT SAID THAT HE DID NOT KNOW THE ANSWER TO THIS: WANG DID NOT PRESS THE POINT. FINALLY WANG ASKED WHETHER THE BRITISH SIDE IN THE IRO SUB-GROUP HAD APPROACHED THE CHINESE SIDE IN HONG KONG ABOUT MIGA. PIGOTT EXPLAINED THAT OUR PRACTICE WAS THAT THE SUB-GROUP DISCUSSED ORGANISATIONS OF WHICH HONG KONG WAS ALREADY A MEMBER WHEREAS DISCUSSION ON ''NEW' 1 ORGANISATIONS AND IROS TOOK PLACE BETWEEN THIS EMBASSY AND THE MFA. THIS WAS ALSO THE CHINESE SIDE'S UNDERSTANDING.

3. WANG EXPRESSED THANKS AND UNDERTOOK TO REPORT. THE CHINEE SIDE

WOULD REVERT TO US AS SOON AS THEY HAD BEEN ABLE TO STUDY THE MATERIALS WE HAD

EVANS

YYYY

PROVIDED.

DISTRIBUTION

50

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HONG KONG AGREEMENT RESTRICTED

LIMITED

HKD

HD/FED

PS/LORD GLENARTHUR

PS/MR EGGAR

PS/PUS

MR MCLAREN

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CONFIDENTIAL