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THURSDAY, JANUARY 1", 1985
+THIS IS AN IMPORTANT OCCASION. IT DOES REFLECT THE GROWING RELATIONSHIP BETWEEN NEW YORK AND HONG KONG AS TWO OF THE WORLD'S GREATEST FINANCIAL CENTRES AND AS SUPPORTERS OF FREE ENTERPRISE. HONG KONG'S FINANCIAL AND COMMERCIAL LINKS WITH THE UNITED STATES ARE CLOSE AND OF VITAL IMPORTANCE TO US. WARMLY WELCOME THIS FURTHER SYMBOL OF THE IMPORTANCE OF THESE LINKS.
IT IS JUST A YEAR AGO THAT I AND A NUMBER OF MY HONG KONG COLLEAGUES VISITED NEW YORK TO PROMOTE FURTHER THE BUSINESS RELATIONSHIP BETWEEN US AND ASSURE YOU OF OUR CONFIDENCE IN THE FUTURE. THE OPENING OF THESE FINE NEW HEADQUARTERS UNDERLINES THE CONTINUING DYNAMIC ROLE WHICH HONG KONG EXPECTS TO PLAY IN THE YEARS TO COME.
+I CONGRATULATE YOU, MR SANDBERG, THE BANK AND ALL THOSE ASSOCIATED WITH THE OPENING TODAY AND WISH THE BANK CONTINUED SUCCESS IN ITS OPERATIONS.+
HK HOPES FOR FAVOURABLE U.S. REPLY ON TEXTILES, GOVERNOR SAYS AT HK BANK N.Y. OFFICE OPENING
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HONG KONG WAS HOPING FOR A FAVOURABLE REPLY BEFORE LONG TO REPRESENTATIONS CONCERNING THE UNITED STATES COUNTRY OF ORIGIN REGULATIONS FOR TEXTILE IMPORTS, THE GOVERNOR, SIR EDWARD YOUDE, SAID IN NEW YORK TODAY.
THE REGULATIONS, SIR EDWARD SAID, HAD DISRUPTED LEGITIMATE TRADE UNDER THE BILATERAL AGREEMENT AND HAD CAUSED MUCH HARDSHIP TO HONG KONG'S KNITWEAR INDUSTRY.
THE GOVERNOR WAS SPEAKING AT THE LUNCHEON HOSTED BY THE HONG KONG AND SHANGHAI BANKING CORPORATION AT THE PIERRE HOTEL, NEW YORK, TO MARK THE OPENING OF THE BANK'S HEADQUARTERS FOR THE AMERICAS.
POINTING OUT THE WELL KNOWN FACT THAT HONG KONG FIRMLY BELIEVES IN, AND ACTIVELY PREACHES, FREE TRADE,+ SIR EDWARD SAID HONG KONG WAS +WIDE OPEN TO U.S. IMPORTS.+
+AND ALL MAY COMPETE IN OUR MARKET PLACE WHETHER WITH GOODS, OR FINANCIAL AND OTHER SERVICES. WE ADHERE STRICTLY TO THE DISCIPLINES OF THE WORLD'S TRADING SYSTEM, IN PARTICULAR THE GENERAL AGREEMENT ON TARIFFS AND TRADE AND THE MULTI-FIBRE ARRANGEMENT.
+ONE RECENT PROBLEM HAS BEEN THE COUNTRY OF ORIGIN REGULATIONS FOR TEXTILE IMPORTS INTRODUCED LAST AUGUST BY THE UNITED STATES,+
SAID.
PHONG KONG