3
SATURDAY, JANUARY 17, 1987
HE POINTED OUT THAT HONG KONG, BEING ONE OF THE WORLD'S LARGEST EXPORTERS OF TEXTILES, WAS ALSO ONE OF THE LARGEST
IMPORTERS.
+THAT IS HOW THE FREE MARKET, TO WHICH WE ARE COMMITTED, WORKS, HE ADDED.
SIR DAVID SAID HE HOPED THAT IN RETURN, HONG KONG'S TRADING PARTNERS, IN DECIDING THEIR TRADE POLICIES, WOULD DISTINGUISH BETWEEN HONG KONG AND THOSE COUNTRIES WHICH DID NOT HAVE A FREE AND FAIR MARKET.
+BY DISCRIMINATING IN FAVOUR OF HONG KONG WILL POINT THE WAY FOR OTHER COUNTRIES TO FOLLOW OUR FREE AND FAIR TRADE EXAMPLE,+ HE SAID.
HE DESCRIBED IT UNFAIR AND UNJUST+ TO TAR EVERYONE WITH THE SAME BRUSH IN TRADE POLICIES.
SIR DAVID ALSO CONGRATULATED MR KENNETH FANG AND HIS COMMITTEE FOR THEIR SUCCESS IN ORGANISING THE SHOW.
HE SAID THE GREATER PARTICIPATION OF HONG KONG'S OWN FASHION DESIGNERS THIS YEAR WAS MOST ENCOURAGING, BECAUSE TALENTED LOCAL DESIGNERS, WITH EFFICIENT MANUFACTURERS AND RESOURCEFUL EXPORTERS TO BACK THEM UP, HELPED TO ENSURE THAT THE TEXTILES AND GARMENTS INDUSTRY REMAINED COMPETITIVE.
HSU TAKES TRADE MESSAGE TO HAWAII
*****
THE DEPUTY SECRETARY FOR ADMINISTRATION SERVICES AND INFORMATION, MR ADOLF HSU, TODAY (SATURDAY) ACKNOWLEDGED THE SUPPORT GIVEN TO HONG KONG BY THE UNITED STATES DURING THE SINO-BRITISH NEGOTIATIONS ON THE TERRITORY'S FUTURE.
SPEAKING BEFORE THE HAWAII CHAMBER OF COMMERCE IN HONOLULU, MR HSU SAID, THE UNITED STATES GAVE US MUCH SUPPORT DURING THE NEGOTIATIONS AND FOR THIS WE ARE GRATEFUL.+
+ THE JOINT DECLARATION IS NOW IN PLACE PROVIDING FOR THE CONTINUATION OF HONG KONG'S UNIQUE SOCIAL, ECONOMIC, LEGAL AND OTHER SYSTEMS FOR 50 YEARS AFTER 1997, AND FOR A SMOOTH TRANSITION TO HONG KONG'S NEW STATUS AS A SPECIAL ADMINISTRATIVE REGION OF CHINA.+
/FORECASTING