PR 33 4000035

H 香港政府 GIS 新聞處

REOF! EL IN REGISTRY No. 51

28 DEC1973

HKK (13.

DAILY INFORMATION BULLETIN

SUPPLEMENT

Tuesday, December 11, 1973

да

Speech by His Excellency the Governor,

Sir Murray MacLehose, at the opening of

the 31st Chinese Manufacturers' Association Exhibition. 11.12. 73

Dr. Chuang, Ladies and Gentlemen,

Hight I congratulate you, Dr. Chuang and your Committee, on all

the energy and imagination that has produced this 31st CMA exhibition.

I spoke last year of difficult trading conditions, currency

uncertainties, increasing restraints on our textile exports and the concern

over our trading position when Britain joined the European Economic Community.

All these problems are still very much with us.

But, in recent months, other problems have arisen or have become

more acute. I refer in particular to the acceleration of world inflation,

of which we in Hong Kong have certainly had to bear our share. There is

also the shortage of certain industrial raw materials which has presented

acute difficulties for some of our industries, particularly plastics.

Finally there is the restriction of oil exports from the Middle East. All

these have presented or are presenting problems for Hong Kong.

Our traditional trading problem is discrimination against our

exports. This can take a number of forms unwarranted restraints on our

textile exports, discrimination against us and in favour of our close

competitors in generalised preference schemes, or direct quantitative

restrictions against our exports. Whatever form such discrimination may take,

you

may....

Issued by Government Information Services, Beaconsfield House, Hong Kong. Tel: 5-233191

Pok

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