TNAG-2242-FCO40-3223-Most-favoured-nation-status-for-China-impact-on-Hong-Kong-1991 — Page 98

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Annex ITT

15.

Calculation of total trade flows in connection with Hong Kong's re-exports of China origin to the United States

1gan

HK$ mn

USS mn

(a)

Hong Kong's re-exports of China origin to the United States

81,645

10,467

(b)

Hong Kong's imports of the goods in 10)

70,996

9.102

(c)

(This is because Hong Kong's re-exports of China origin to the United States have to be imported into Hong Kong in the first place. A re-export margin of 15% is assumed in calculating the corresponding import value.)

Exports from Hong Kong to China of the raw materials and semi-manufactures that are required for producing the re-exports of China origin to the United States

32,804

4,206

(a)

Hong Kong's imports of the raw materials and semi-manufactures

22.332

2,863

in

(^)

(e)

Total trade flows in connection with Hong Kong's re-exports of China oriyin to the United States (= sum of (a)

207,777

26,638

(A))