TNAG-2468-FCO40-3592-Most-favoured-nation-status-for-China-Hong-Kong-interests-1992 — Page 184

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RECIPIENTS TO DELAY DECISIONS ON LEAVING HONG KONG UNTIL AS LATE AS 2002. THESE PROVISIONS HAVE STARTED TO MAKE A SMALL

BUT NOTICEABLE CONTRIBUTION TO GIVING TALENTED HONG KONG

RESIDENTS THE CONFIDENCE TO REMAIN AT WORK IN THE TERRITORY.

MANY OF HONG KONG'S RESIDENTS HAVE BEEN EDUCATED IN THE

TWELVE THOUSAND HONG UNITED STATES; MORE THAN 55,000 IN FACT.

KONG RESIDENTS ARE CURRENTLY ENROLLED IN AMERICAN

UNIVERSITIES. IN RECOGNITION OF THESE INCREASING CULTURAL TIES, THE U.S. INFORMATION AGENCY IS HELPING ESTABLISH A CENTER FOR HONG KONG-U.S. EDUCATIONAL EXCHANGES AT THE CHINESE UNIVERSITY OF HONG KONG. WE ARE ALSO WORKING HARD TO ESTABLISH

A FULBRIGHT PROGRAM FOR HONG KONG RESIDENTS TO COME TO THE UNITED STATES FOR ACADEMIC STUDIES, AS AMERICANS HAVE GONE TO HONG KONG FOR YEARS. THIS WOULD ADD YET ANOTHER DIMENSION TO

THE FLOURISHING EXISTING NETWORK OF PUBLIC AND PRIVATE

EXCHANGES.

THE ADMINISTRATION HAS ALSO REVIEWED U.S. EXPORT CONTROL

REG LATIONS WITH A VIEW TOWARD FACILITATING EXPORT OF HIGH TECHNOLOGY GOODS TO HONG KONG. OUR DESIRE IS TO MEET THE NEEDS OF HONG KONG'S INCREASINGLY ADVANCED ECONOMY FOR HIGH

TECHNOLOGY GOODS AND MAKE SURE AMERICAN COMPANIES ARE

COMPETITIVE IN THE HONG KONG MARKET.

NEW REGULATIONS WERE

PUBLISHED IN THE FEDERAL REGISTER ON MAY 5 THAT ALLOW HONG KONG ACCESS TO VIRTUALLY ALL DUAL-USE ITEMS CONTROLLED BY COCOM

WITHOUT REQUIRING A VALIDATED EXPORT LICENSE.

THE IMPROVED