iv.
V.
vi.
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if possible, together with a description of, for example, fiscal inducements to overseas investors.
THE EMPLOYMENT SITUATION (CRE 2)
The need to maintain an adequate level of employment was the key to the Colony's problems. A description of the present and future patterns of employment should be prepared dealing both with the threatened shortage of skilled labour and the projected increase in the available labour force which might be illustrated by an indication of the age distribution of the population. The declining level of immigration into Hong Kong should alse be mentioned.
THE PATTERN OF HONG KONG'S EXISTING TRADE (CRE 2)
It would be necessary to indicate to what markets and over what tariffs Hong Kong at present exported. It might be that the imposition of tariffs on Hong Kong's exports would not affect their volume although exporters might face a lower return. The pattern of quota restrictions facing Hong Kong in the existing EEC and elsewhere should also be set out. The growth over the past decade of her trade should be compared with that of her competitors, for example Taiwan and South Korea. If possible, an assessment should be made of the necessary future growth in exports if Hong Kong is to maintain her present economic situation.
RESOURCES OTHER THAN TRADE
a. TOURISM (CRE 2)
The paper should indicate the growth of tourism in the Colony; the level of earnings from it; whether it is long or short stay; the employment opportunities it offers and the impace of internal disturbances on the level of tourist activity.
b.
SHIPPING (CRE 2)
vii.
C.
The growth of ship owning and earnings derived from it together with the employment opportunities it offered should be described.
CIVIL AVIATION (CA 1)
Servicing airlines was a growing industry and should be described in the same way as the Colony's shipping activities
STERLING BALANCES (Treasury)
An outline of the current arrangements should be given.
"THE WORST CASE" ASSUMPTION
4.
i.
EEC ATTITUDES (CRE3)
It would be useful to set out the known attitudes of the member states of the EEC to the problem of Hong Kong.
ii.
TARIFF PREFERENCES (CRE 2)
The impact on Hong Kong's competitive position vis-a-vis her competitors if she were granted no preferences under the UNCTAD Generalised Preference Schemes or by the enlarged Community under a Trading Agreement should be assessed.
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