FRIDAY, JULY 30, 1982
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HK SETS UP TWO MORE OVERSEAS INDUSTRIAL PROMOTION OFFICES
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TO STRENGTHEN GOVERNMENT'S EFFORTS IN THE SEARCH FOR HIGH TECHNOLOGY AND TO ATTRACT POTENTIAL FOREIGN INVESTORS, TWO MORE OVERSEAS INDUSTRIAL PROMOTION OFFICES - ONE IN STUTTGART, THE FEDERAL REPUBLIC OF GERMANY AND ONE IN SAN FRANCISCO, USA - WILL BE OPERATIONAL NEXT MONTH, THE DEPUTY COMMISSIONER OF INDUSTRY, MR PAUL WONG ANNOUNCED TODAY (FRIDAY).
ADDRESSING A SEMINAR CALLED: +OPPORTUNITIES FOR HONG KONG INDUSTRIALISTS+. JOINTLY ORGANISED BY THE INDUSTRY DEPARTMENT. THE CHINESE MANUFACTURERS' ASSOCIATION AND THE HONG KONG INDUSTRY ESTATE CORPORATION, MR WONG SAID THAT THE OVERSEAS OFFICES, STAFFED BY INDUSTRIAL PROMOTION SPECIALIST OFFICERS, WERE RESPONSIBLE FOR PUBLICISING THE ADVANTAGES HONG KONG HAD TO OFFER AS A MANUFACTURING CENTRE, AND TO IDENTIFY POTENTIAL INVESTORS AND TO ENCOURAGE THEM TO SET UP MANUFACTURING FACILITIES IN HONG KONG.
+AT THE SAME TIME, THEY ALSO ASSIST HONG KONG INDUSTRIALISTS IN SEEKING FOR TECHNOLOGY, IMPROVED PRODUCTION PROCESSES AND INNOVATIVE PRODUCTS, AND COMPANIES WHICH ARE INTERESTED IN ESTABLISHING JOINT VENTURES, SUBCONTRACTING OR LICENSING ARRANGEMENTS WITH LOCAL COMPANIES.+
CITING EXAMPLES OF HOW THE DEPARTMENT OF INDUSTRY PLAYS THE MATCHMAKER'S ROLE IN BRINGING TOGETHER LOCAL AND OVERSEAS INVESTORS IN JOINT VENTURES, HE SAID: +CO-OPERATION WITH FOREIGN COMPANIES WILL NOT ONLY BRING ABOUT THE TRANSFER OF HIGHER TECHOLOGY TO HONG KONG INDUSTRIES, IT ALSO HELPS IN THE EXPANSION OF MARKETS FOR OUR PRODUCTS.
+ACCORDING TO THE RESULT OF A SURVEY WE CONDUCTED LAST YEAR, MOST OF THE LOCAL FACTORIES WITH FOREIGN INTEREST WERE EXPORT ORIENTED. ABOUT 66 PER CENT OF THEIR PRODUCTION WAS DIRECTLY EXPORTED 31 PER CENT WERE EXPORTED TO USA, 13 PER CENT TO EUROPE, FOUR PER CENT TO JAPAN, WHILE OTHER COUNTRIES ACCOUNTED FOR THE REMAINING 18 PER CENT. THE TOTAL VALUE OF SALES INVOLVED WAS HK$11 480 MILLION.
+ IT IS THEREFORE EVIDENT THAT JOINT VENTURES, SUBCONTRACTING AND LICENSING ARRANGEMENTS ALSO PROMOTE THE EXPANSION OF OVERSEAS MARKETS FOR OUR PRODUCTS, HE EMPHASISED.
IN THE COMING YEAR THE DEPARTMENT WILL ORGANISE OUTGOING MISSIONS FOR INDUSTRIALISTS WHO WISH TO SEEK JOINT VENTURES. LICENSING OR SUBCONTRACTING ARRANGEMENTS, OR WISH TO UPGRADÉ THEIR PRODUCTION PROCESSES BY SEEKING NEW MANUFACTURING TECHNOLOGY.
+THIS TYPE OF MISSION SHOULD BE VERY USEFUL TO LOCAL INDUSTRIALISTS, AS THEY WILL BE ABLE TO OBTAIN FIRST HAND
KNOWLEDGE OF THE TECHNOLOGY OF THE INDUSTRIALISED COUNTRIES, AS WELL AS TO HAVE DIRECT DISCUSSIONS OR NEGOTIATIONS WITH POTENTIAL PARTNERS OR LICENSERS.+
/THE ONE-STOP