TNAG-2750-FCO40-3965-Most-favoured-nation-status-for-China-Hong-Kong-interests-1993 — Page 251

PA

25/2 MFN

33

MIN Bead

REC

HWB caill

2€ FEB 1993

- A PA

Secretary of State for Foreign

and Commonwealth Affairs

-

CHINA/MFN

Know unconditional MFN

renewal

causes you problems;

Whatever mechanism you choose,

we need to preserve substance

of China's MFN status: this

is essential to Hong Kong's

economy, (70% of China's

exports pass through Hong Kong.

Non-renewal could halve Hong

Kong's growth).

Hope Administration will

bear in mind potential damage

to Hong Kong. Suggest our

respective officials should

discuss how to minimise

adverse effect on Hong Kong.