TNAG-2126-FCO40-3036-Investment-in-Hong-Kong-1990 — Page 74

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MR MAUDE'S VISIT TO HONG KONG, 7-11 APRIL 1990 BACKGROUND BRIEF (19)

UK/HONG KONG: TRADE AND INVESTMENT BRIEF

Hkc 121/2

JEIVED IN REGISTRY

· 9 APR 1990

SK OFFICER

REGISTRY

(BRIEF PROVIDED

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The UK's involvement in Hong Kong is extensive: it touches almost every sector of the economy.

interest in Hong Kong are:-

-

The main UK commercial

As a market for direct exports. Despite a decline in the UK's share of the Hong Kong market (almost all suppliers have been losing market share to China, it is now the UK's seventeenth largest export market, with annual exports in excess of £1 billion (see paras. 1-9).

As a market for invisible earnings. UK companies have a very large presence in Hong Kong's invisibles sector, with revenue estimated to be equal to the value of the UK's visible exports to Hong Kong (see paras. 13-14).

British investment and

As a location for investment. managerial involvement are a major overseas influence in Hong Kong business (see para. 15-17).

HONG KONG AS AN EXPORT MARKET FOR THE UK

1

Hong Kong is the UK's seventeenth largest export market (1989), from a position of 28th in 1976, and the second

In 1989 UK exports to HK largest in the Far East after Japan.

were £1,111m, a record level and an 8% increase over 1988.

UK Exports to Hong Kong, China and Taiwan Comparison

£'000

1986

1987

1988

1989

HK

961

1013

1031

1111

China

536

416

412

418

Taiwan

192

292

356

407

138

888-387