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MONDAY, JUNE 20, 1988
IIK OFFERS CHALLENGES AND OPPORTUNITIES
+
LORD YOUNG
AS
DO NOT THE CONTINUATION OF THE HONG KONG MARKET, THE INDUSTRY, LORD YOUNG, SAID TODAY
THE
THE UNITED KINGDOM'S INDUSTRIAL AND COMMERCIAL SECTORS VIEW 1997 AS THE CLOSING OF AN ERA BUT PRESENT CHALLENGES AND OPPORTUNITIES IN SECRETARY OF STATE FOR TRADE AND (MONDAY).
BRITISH
HE TOLD THE BRITISH BULLDOGS AND THE COMMERCE IN HONG KONG THAT IT WAS RIGHT TO VIEW 1997 WITH HONG BONG WAS AN IMPORTANT MARKET IN ITS OWN RIGHT.
CHAMBER OF CONFIDENCE.
"HONG KONG'S SUCCESSFUL ECONOMIC PERFORMANCE 15 BUILT ON TRADE. THE UK'S ONE BILLION STERLING OF EXPORTS ACTUALLY THREE PER CENT OF THE MARKET,
AMOUNTS TO ONLY
HE SAID.
"I AM SURE THERE MUST BE MANY MORE UK COMPANIES HERE EXPLOITING OUR TIES OF LANGUAGE, CULTURE, BUSINESS ETHICS.
LORD YOUNG SAID HONG KONG OFFERED EASILY PAYMENT IN A READILY EXCHANGED CURRENCY BUREAUCRATIC CONTROLS.
WHO COULD BE PRACTICE AND
ACCESSIBLE
MARKETS,
AND A FREEDOM FROM
AND ITS BOOMING ECONOMY MEANT THAT the
BUSINESS
OPPORTUNITIES
WERE THERE.
"OF COURSE THIS MEANS THAT HONG KONG COMPETITIVE MARKET. BUT I AM
IS ALSO A VERY CONVINCED THAT COMPANIES BEEN AS WELL PLACED TO TAKE ADVANTAGE OF THE OPPORTUNITIES,
NEVER BEFORE HAVE UK HE SAID.
TURNING TO THE BRITISH ECONOMY, LORD ENTERING OUR EIGHTH SUCCESSIVE YEAR OF STEADY ALL OTHER MAJOR EUROPEAN COMMUNITY COUNTRIES.
WE HAVE BEEN LOSING OUR SHARE OF CONTINUOUSLY FOR OVER 100 YEARS. BUT NO LONGER. STOPPED THE ROT.
YOUNG SAID: "WE ARE GROWTH, FASTER THAN
WORLD TRADE ALMOST SINCE 1981 WE HAVE
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"LAST YEAR WE ACTUALLY INCREASED OUR SHARE OF WORLD EXPORTS MANUFACTURED GOODS. AND PRODUCTIVITY IN MANUFACTURING BY OVER
HALF SINCE 1980, GROWING FASTER INDUSTRIALISED COUNTRY."
OF
HAS
INCREASED
THAN
ANY MAJOR
LORD YOUNG SAID THE UK'S ECONOMIC SUCCESS WAS MUCH THE SAME FOUNDATIONS AS HONG KONG'S.
BUILT ON VERY
/"WE TOO