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Recent UK Export Successes
6
In April 1989 Cathay Pacific announced an order for 10 Airbus A330, plus a further 10 options (which may rise to 14), as replacements for their Lockheed Tristars.
This is both Cathay's
largest ever order and Airbus Industries' largest order in the Far East. It is the first time that Rolls Royce engines have been
British content will be more than 50%, the chosen for an Airbus.
The full order (24 aircraft) is worth highest of any Airbus.
Cathay's
£1,500 m, of which half will come to British industry. outstanding order of Boeing 747s (7 firm and 18 options) will also
be powered by Rolls Royce engines.
7 In August 1989 BICC won a £50m contract to supply cable to China Light & Power.
8
In March 1990 Hawker Siddeley won a £24 m order with China Light & Power for the supply of switchgear.
9 On 20 March 1990 Leyland Bus signed a contract with Hong Kong's Citybus company to supply 50 Olympian Double Deck buses valued at £7 m. An option for a further 25 buses is valued
at £3.9 m.
UK Retailers in Hong Kong
10 UK companies have been establishing themselves in Hong Kong's retail sector. Habitat, Mothercare, Gieves & Hawkes and The Body Shop have opened stores. Marks & Spencer opened two stores in 1988, a third in autumn 1989, and two more are planned.
Bilateral Trade/UK Imports
11
UK imports
Bilateral trade is in favour of Hong Kong. from Hong Kong in 1989 were £2,037 m, giving HK a surplus of
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