Kong Productivity Council, I do not believe that I need to declare an interest here. If there is an interest to declare, it is in the interest of our industry. I hope to hear a positive response from Government towards this proposal and that we will not have to wait for five years and ending up in
the discussion stage.
Foreign Investment Promotion
Sir, foreign investment in industry has played an For instance, important role in our economic development. during the early sixties, the electronics industry which is currently the second largest industry, started with foreign investment. Foreign investment not only brought capital into Hong Kong but more significantly, it brought technology and
The industrial sector has learned a management expertise. great deal from the foreigners and will continue to learn in the future. During a session early this month of the Finance Committee, questions were raised by the Unofficial Members on foreign investment promotion. Firstly, we are concerned with Government's activities in the promotional aspect of foreign investment. Secondly, we would like to enquire if there are any other avenues which the Government may have possibly overlooked. The media has sensationalized this encounter between the Unofficials and the Chief Secretary. this was not our intention. Sir, may I again raise these points in this debate due to the importance that I have attached to foreign investment. On the outset, it is not the $19m that I am concerned about, it is the result, the bottom line that counts. Has the Government looked for other avenues that might be more effective in the promotion of foreign investment? Government presently has four over seas offices
Could the with a fifth one which will be established shortly. Government not utilize, for instance, the services of the Trade Development Council which has a much wider coverage around the world and Government could then play the role of a central
Certainly,