UNCLASSIFIED
01353 MDLIAN 89
MARKETS.
3. USTR HAVE DECLARED THEMSELVES WELL-PLEASED, WHILE NOTING THAT CONSULTATIONS WILL CONTINUE ON THE IMPLEMENTATION OF THE AGREEMENT AND ON FURTHER MEASURES. US PRIVATE SECTOR GROUPS HAVE EXPRESSED SATISFACTION.
COMMENT
4.
THE US APPEARS TO HAVE SECURED SUBSTANTIAL CONCESSIONS FROM THE CHINESE FOR US COMPANIES. IT REMAINS TO BE SEEN WHETHER NEW CHINESE LEGISLATION, REGULATIONS AND PRACTICES BENEFIT OTHER FOREIGN RIGHTS-HOLDERS. THE AGREEMENT IS GOOD NEWS FOR HONG KONG, REMOVING THE THREAT OF SANCTIONS ON IMPORTS FROM CHINA. BUT IT CAN ONLY STRENGTHEN THE ENTHUSIASM IN THE US INTELLECTUAL PROPERTY AND TRADE POLICY COMMUNITIES FOR BILATERAL ARM-TWISTING IN PLACE OF MULTILATERAL NEGOTIATION. IT WILL MAKE THE TRIPS TEXT IN THE URUGUAY ROUND, ALREADY UNDER ATTACK BY THE US PRIVATE SECTOR, ALL THE HARDER TO SELL TO CONGRESS.
RENWICK
YYYY
DISTRIBUTION
79
ΜΑΙΝ
79
LIMITED
FED
NPDD
RAD
NAD
ECONOMIC ADVISERS
ERD
HKD
JOINT DIRECTORATE PUSD
NNNN
EAPD/ODA
PS/LORD CAITHNESS
PS/PUS
SIR J COLES
MR BURNS
2
PAGE UNCLASSIFIED
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