WEDNESDAY, JANUARY 30, 1985
8
ACCORD HELPS INVESTMENT DECISIONS'
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THE SINO-BRITISH AGREEMENT HAD REMOVED UNCERTAINTIES ABOUT HONG KONG'S POLITICAL FUTURE, THUS BENEFITING THE MAKING OF INVESTMENT DECISIONS, THE PRINCIPAL CONSULTANT OF THE INDUSTRY DEPARTMENT, MR DAVID CHEUNG, SAID THIS (WEDNESDAY) AFTERNOON AT A SEMINAR ATTENDED BY MORE THAN 200 PEOPLE AND JOINTLY ORGANISED BY THE INDUSTRY DEPARTMENT AND THE CITIBANK ON +HONG KONG'S MANUFACTURING FUTURE+,
THE AGREEMENT PROVIDED FOR HONG KONG TO CONTINUE TO DECIDE ITS OWN ECONOMIC, FINANCIAL AND TRADE POLICIES, AND TO PARTICIPATE IN INTERNATIONAL ORGANISATIONS AND TRADE AGREEMENTS SUCH AS THE GENERAL AGREEMENT ON TARIFFS AND TRADE. IN SHORT, THE AGREEMENT PROVIDED ADEQUATELY FOR A CONTINUATION OF LIFE IN HONG KONG AND OF ALL THOSE FACTORS WHICH HAVE MADE HONG KONG A SUCCESS, HE SAID.
ON OVERSEAS INDUSTRIAL INVESTMENT, MR CHEUNG SAID THAT THERE WERE INDICATIONS THAT FOREIGN INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRY WOULD INCREASE.
THE NUMBER OF ENQUIRIES RECEIVED BY THE DEPARTMENT'S OVERSEAS INVESTMENT PROMOTION OFFICES WAS ALSO INCREASING.
MR CHEUNG STRESSED THE NEED TO INTRODUCE MORE ADVANCED TECHNOLOGY IN INDUSTRIAL PROCESSES TO UPGRADE AND WIDEN THE RANGE OF PRODUCTS, SO AS TO MAINTAIN A COMPETITIVE EDGE IN QVERSEAS MARKETS,
+THE INDUSTRY DEPARTMENT IS AWARE OF THE NEED OF HONG KONG'S MANUFACTURING INDUSTRY AND HAS A ONE-STOP UNIT TO ASSIST INDUSTRIAL ISTS WHO ARE INTERESTED IN INVESTING HERE,+ MR CHEUNG SAI..
THE UNIT ASSISTS INVESTORS BY INTRODUCING LOCAL INVESTORS TO THOSE FROM OVERSEAS WHO WANT TO ESTABLISH MANUFACTURING OPERATIONS HERE IN JOINT VENTURES, PROVIDING QUICK AND COMPREHENSIVE INFORMATION ABOUT HONG KONG FOR INVESTORS, GUIDING AND FACILITATING INVESTORS DEALING WITH OTHER GOVERNMENT DÉPARTMENTS AND ORGANISING INDUSTRIAL PROMOTION MISSIONS FOR LOCAL INDUSTRIALISTS.
MR CHEUNG SAID THAT EACH YEAR THE DEPARTMENT ORGANISED INDUSTRIAL PROMOTION MISSIONS OVERSEAS TO ATTRACT FOREIGN BUSINESSMEN TO INVEST IN HONG KONG.
ON INDUSTRIAL CO-OPERATION AND TRADE WITH CHINA, MR CHEUNG SAID HONG KONG AND CHINA COULD CO-OPERATE IN INDUSTRIAL DEVELOPMENT AND MANY LOCAL INDUSTRIALISTS HAD ALREADY TAKEN ADVANTAGE OF THIS TO EXPAND AND DIVERSIFY THEIR BUSINESSES.