RESTRICTED
US, FRG and UK. Little services data but some slippage in tourism balance likely. MFN renewal for China with strings attached certain to be an issue in 1992. But difficult to get a read out on outcome. Many expect Presidential veto of renewal conditions will be sustained once more.
UK/HONG KONG Trade:
(11 months to November)
1991
£bn
1990
£bn
1991/1990
UK exports
1.238
1.118
+10.7 %
UK imports 1.997
1.829
+ 9.2 %
10 February 1992
Economic Advisers
REOTRUSTED
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