MONDAY, OCTOBER 17, 1988
1'0 THE FUTURE RELATIONSHIP
BETWEEN THE EUROPEAN
THAT THE NOT MAKE
TURN ING COMMUNITY AND THE FAR EAST, SIR DAVID SAID HE WAS CONVINCED AREA SHOULD DEVELOPMENT
THE OF RAPID ECONOMIC EUROPEANS FEEL UNCOMFORTABLE.
PACIFIC
'IT SHOULD NOT BE SEEN AS A THREAT, BUT AS A CHALLENGE TREMENDOUS OPPORTUNITY.
AND A
MARKET,
1 HOPE YOU IN ASIA, THE
AS YOU MOVE TOWARDS THE EUROPEAN SINGLE ALSO KEEP PART OF YOUR MIND ON THE OPPORTUNITIES GOVERNOR SAID.
WILL
KONG FOLLOWED
SIR DAVID TOLD THE GERMAN BUSINESSMEN THAT HONG THE DISCUSSIONS OF 1992 HALF WITH HOPE AND HALF WITH ANXIETY.
"HOPE THAT EUROPE WILL APPLY OPEN MARKET TRADE RELATIONS WITH THE REST OF THE WORLD. ANXIETY
WITH ONLY
HER TURN INWARDS, CONCERNING HERSELF GOVERNOR SAID.
PRINCIPLES TO HER THAT SHE MAY THE
OWN AFFAIRS,"
IN THE FAR EAST WAS GERMAN COMPANIES
HONG IN
REPUBLIC FEDERAL
LIVE IN THE BILLION A YEAR;
PRESENCE BUSINESS NOTING THAT GERMAN SUBSTANTIAL, SIR DAVID SAID THE NUMBER OF KONG WAS GROWING ALL THE TIME.
THE
"ABOUT 1,600 PEOPLE FROM TERRITORY. OUR BILATERAL TRADE IS WORTH NEARLY US$4 AND IT IS INCREASING.
TRADING "THE FEDERAL REPUBLIC IS NOW HONG KONG'S FIFTH LARGEST
EUROPE. AROUND PARTNER. IT IS HONG KONG'S LARGEST TRADING PARTNER IN
HONG KONG DIRECT EUROPEAN NINE PER CENT OF MANUFACTURING COMES FROM GERMANY,
INVESTMENT
IN
THE GOVERNOR SAID.
KONG VALUED HIGHLY
THE TECHNOLOGY
AND
SIR DAVID SAID HONG QUALITY THAT WAS CHARACTERISTIC OF GERMAN MANUFACTURING,
CARS
THE GOVERNOR NOTED THAT NEARLY 17 PER CENT OF THE PRIVATE IN THE TERRITORY WERE GERMAN, MOST OF WHICH WERE AT THE TOP END OF THE MARKET.
OR
BARRIERS CULTURAL NATIONALISTIC ANY "WE DO NOT HAVE
MINDED, INTERNATIONALLY IS VERY IMPORTED GOODS. OUR POPULATION DAVID SAID,
TO
"
SIR
"I
аг
NOBODY RESENTS THE SUCCESS MADE BETWEEN FOREIGN COMPANIES AND LOCAL
HE CONTINUED. PRODUCTS AND LOCAL ONES,
"UNLIKE THE OTHER SUCCESSFUL ECONOMICS OF WHOM WE ARE OFTEN BRACKETED, HONG KONG'S TRADE IS ROUGHLY IN
OF OTHERS. NO DISTINCTIONS
ONES. NOR BETWEEN FOREIGN
ARE
THE FAR EAST WITH BALANCE.
WE BUY AS
MUCH AS
WE SELL.
SITUATION," HE ADDED.
AND
ARE WIS
QUITE
WITH HAPPY
THAT
15