-
19
1
every
to
The Hong Kong Government will continue to make
effort to
counter
and protectionist pressures
defend Hong Kong's trading interests. The past year has
seen the satisfactory conclusion of several new agreements
of vital importance to Hong Kong's textiles and garments
These include the extension of the
Arrangement until July 1991 and bilateral
industries.
Multi-Fibre
agreements on textiles with the United States and with the
icc
European Economic Community.
Econo
As from 23 April 1986 Hong Kong has been
participating
General
as a separate contracting
party to the
Agreement on Tariffs and Trade and, in that
capacity, has supported the launching of the Uruguay round.
of multilateral trade negotiations in November. In the
forthcoming discussions Hong Kong will lend particular
support to efforts to bring about trade liberalisation and
improved market access: it has considerable interest in
negotiations on trade in services,
importance to the Hong Kong economy.
a sector of growing
(d) The Public Finances
The Hong Kong Government
budget returned to
surplus in the financial year 1985/86 after three years of