TUESDAY, MARCH 15, 1983
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HK HAS MUCH TO OFFER, VISITING U.S. MAYORS TOLD ******
AS AN
HONG KONG HAS MUCH TO OFFER AS A MARKET IN ITSELF ENTREPOT AND AS A BASE FOR INDUSTRIAL JOINT VENTURES OR LICENSING REQUIREMENTS, THE HONG KONG TRADE COMMISSIONER (DESIGNATE) TO THE UNITED STATES, MR BILL DORWARD, SAID TODAY (TUESDAY).
SPEAKING AT THE US CONFERENCE OF MAYORS CURRENTLY HELD IN HONG KONG, MR DORWARD ASKED THE DELEGATES NOT TO LOOK ON HONG KONG AS MÉRELY A SOURCE OF INVESTMENT.
+LOOK ON IT AS A POTENTIAL PARTNER IN THE SPREAD OF YOUR BUSINESS INTERESTS IN THIS, THE MOST DYNAMIC PART OF THE WORLD,+ HE SAID.
MR DORWARD SAID THAT BY THIS HE MEANT WAYS OF SHARING AND THEREFORE INCREASING PRODUCTION; AND IMPROVED CASH FLOWS, ALLOWING FOR INDUSTRIAL EXPANSION AT THE CUTTING EDGE OF HIGH TECHNOLOGY IN THE UNITED STATES, WHILE STILL MAINTAINING A WORLD POSITION IN FAR FROM OBSOLETE MODELS.
+ SPEAK OF MARKETING POSSIBILITIES IN AREAS ALIEN TO SO MANY OF YOUR PRODUCERS WHO WILL FIND IN HONG KONG THE BRIDGE WHICH PERHAPS THEY NEED, HE SAID.
MR DORWARD SAID HONG KONG WAS THE THIRD FINANCIAL CENTRE OF THE WORLD AFTER NEW YORK AND LONDON AND WAS ALSO THE WORLD'S LARGEST EXPORTER OF CLOTHING, TOYS AND WATCHES.
HONG KONG ALSO HAD ONE OF THE WORLD'S FINEST HARBOURS, AIRLINE COMMUNICATIONS OF A VERY HIGH ORDER, AND THE THIRD LARGEST CONTAINER PORT IN THE WORLD AFTER NEW YORK AND ROTTERDAM, HE SAID,
HONG KONG'S ECONOMY, MR DORWARD ADDED,
MR DORWARD ADDED, HAD BEEN GROWING AT AN AVERAGE ANNUAL RATE OF 12 PER CENT IN REAL TERMS UNTIL THE WORLD RECESSION CAUGHT UP WITH IT IN 1982.
+BUT THE COMMUNICATIONS HONG KONG PROVIDES ARE MORE THAN THE PHYSICAL AIRLINES, SHIPS, CONTAINER PORT AND THE LIKE OR INFRASTRUCTURAL UNIQUELY, HONG KONG OFFERS A POINT OF CONTACT BETWEEN PEOPLES OF WIDELY VARYING INTERESTS AND
PHILOSOPHIES AND CULTURES; AND BY VIRTUE OF ITS LONG COSMOPOLITAN EXPERIENCE, IT CAN INTERPRET ONE TO THE OTHER TO THE ADVANTAGE OF ALL.+
1 DO NOT USE THE WORD INTERPRET IN THE NARROW LINGUISTIC SENSE - ALTHOUGH THERE IS THAT TOO BUT IN THE SENSE OF BRIDGING THE COMPREHENSION GAP BETWEEN BUSINESSMEN AND TRADE OFFICIALS FROM OPPOSITE SIDES OF THE EARTH, MR DORWARD SAID.
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