13
which contain a
even
An
contain a number of protectionist provisions.
comes from pending textiles more direct threat
the United legislation. Protectionist legislation in
trading
States
would not
only damage
interests directly.
Kong's Hong
It would also produce retaliation and counter-retaliation. The result could only be severe Both the Government damage to the world trading system.
and the private sector are taking every opportunity to
on the United States
impress Congressional
Administration,
and on
protectionist
legislation.
dangers
shall I
inherent
in
be
going
to
Washington myself in
the leaders,
in two weeks' time these important
matters will be high on my agenda.
26..
As
Hong Kong is the prime example of a free-trade economy. We believe in working for a freer and more open
world trading system.
full member of a
the GATT, Hong Kong has been playing an active role in the Uruguay Round of Multilateral trade negotiations now taking place in - Geneva. Some progress has already been
on
to
achieved.
settle
There is a growing identity of views in the negotiations
need
trade the
for improved procedures disputes. It is important that these negotiations should
put
make
could All
be
at
risk if
We must
steady progress. protectionist actions were to get out of hand. do everything we can to prevent this happening.
/(c) Industry