TNAG-2126-FCO40-3036-Investment-in-Hong-Kong-1990 — Page 144

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CONFIDENTIAL

7

The Trade Relationship

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13.

billion.

In 1989, UK exports to Hong Kong were worth £1.1

14.

On

the basis of the latest available

breakdown of UK trade figures, Hong Kong in 1988 was:

detailed

(a) the UK's largest Far East market after

Japan;

(b) the

UK's sixth largest market outside Europe

and North America; and

(c) the UK's 19th largest market worldwide.

15.

opportunities

UK companies have enjoyed better-than-average sales

in Hong Kong over the last decade. During the

1980s, UK exports to the territory grew by an annual 10.1%,

compared with an annual increase in total UK exports of 8.7%

over the same period.

Investment Opportunities

16.

Hong Kong

is

a

major

firms.

During the 1980s,

direct UK investment

investment centre

for UK

in the

CONFIDENTIAL #

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