CONFIDENTIAL
d)
tax incentives for investors in DTs
8.
Mr January said that he proposed to write to the Treasury on the possibility of securing tax incentives for new investments in the DTS. As a first step, he had written to the Embassies in Paris, The Hague, and Washington asking them to make enquiries on the
policies of their host governments in this regard.
Drugs
a) Caribbean DTS Drugs Survey
9.
Miss Jump reported that the 1989 Caribbean DTs Drugs Survey was
a follow up to the 1986 Survey. Since 1986, particular progress had
been made in BVI where more cocaine had been seized i in 1989 than in
the whole of the UK. The 1989 survey had set out recommendations, both Territory by Territory, and for HMG policy across the whole
region. The report had been sent to DT governments for consideration, and had been endorsed at a December meeting on
interested Whitehall departments. A Whitehall Standing Committee would soon be established, probably in March. With assistance from the Home Office, the ODA, and the AUSPB, progress was being made on
implementation of the recommendations. But funding remained a cardinal problem, if our anti-narcotics operations were to maintain their impetus. The MOD, whose role was potentially crucial, were currently reviewing their policy on involvement in anti-narcotics
operations.
b) Gibraltar and Hong Kong
10. Mr Williams observed that anti-narcotics operations in Gibraltar had to take account of the Spain/Gibraltar dispute. Traditional tobacco-smuggling across the frontier had become bound up with the drugs trade. The Spanish and Gibraltarian officials assisted each other unofficially, but there was по government-to-government cooperation. Miss Johnson pointed out that heroin was reaching Hong Kong from the Golden Triangle via China; it was shipped on to the USA. Recent Hong Kong drugs trafficking
legislation made possible the freezing of assets
the freezing of assets in the Territory.
CONFIDENTIAL
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