ป
TUESDAY, AUGUST 11, 1987
MR DORWARD TOLD THE MEETING THAT THEY WOULD HAVE ΤΟ LOOK FAR TO FIND A TRADE REGIME MORE OPEN THAN HONG KONG'S.
"NO TARIFFS, NO NON-TARIFF BARRIERS, NO HIDDEN OBSTRUCTIONS, NO DISCRIMINATION, FOR OR AGAINST. THE ONLY CRITERIA FOR A BETTER U.S. PERFORMANCE IN OUR FAIRLY SIGNIFICANT MARKET ARE IN THE FORM OF THAT WELL-KNOWN TRIO, PRICE, QUALITY, AND AVAILABILITY, HE SAID.
ון
THIS, HE SAID, BROUGHT HIM ΤΟ THE CONCEPT INFLUENCING CONGRESSIONAL THINKING ON TRADE LEGISLATION, KNOWN AS "THE CARROT THE STICK" APPROACH.
MUCH
AND
PROVISIONS WHICH
"BOTH THE HOUSE AND THE SENATE BILLS CONTAIN WOULD SEEK TO ENFORCE A BILATERAL APPROACH TO SOME TRADE IMBALANCES UNDER PENALTY OF RESTRICTIONS; THE IDEA BEING THAT IF CERTAIN TRADING PARTNERS DO NOT MOVE TO CORRECT THEIR IMBALANCES THE U.S. SHOULD TAKE ACTION TO REDUCE THEIR EXPORTS TO THIS COUNTRY" HE SAID.
MR DORWARD SAID THAT HONG KONG SHOULD, ON THE FACE OF IT, HAVE LITTLE TO FEAR FROM SUCH PROVISIONS AS IT DOES NOT RIG OR RESTRICT ITS MARKET.
"BUT EXPERIENCE HAS SHOWN THAT WHEN YOU HAVE NOTHING LEFT TO GIVE, AS IN OUR CASE, CARROT AND STICK DIPLOMACY TENDS TO DEGENERATE INTO A SITUATION WHERE, INSTEAD OF THE CARROT BEING AS REAL AND FREELY GIVEN AS THE STICK, THE CARROT BECOMES MERELY A LIGHTER APPLICATION OF THE STICK", HE SAID.
+
NEW DIRECTOR OF AUDIT APPOINTED
* *
MR
ROBERT HUTT
BEEN HAS
APPOINTED DIRECTOR SUCCESSION TO MR NORMAN STALKER WHO WILL BE RETIRING FROM SERVICE ON
(AUGUST 15). SATURDAY
THE
ANNOUNCED GOVERNMENT
(TUESDAY).
OF
AUDIT
IN
THE PUBLIC
TODAY
MR HUTT IS CURRENTLY DEPUTY DIRECTOR OF AUDIT.
BRIEF BIOGRAPHICAL NOTES ON THE OFFICERS ARE AS FOLLOWS:
MR NORMAN
**
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