THURSDAY, NOVEMBER 24, 1988
$267
NORWAY'S EXPORTS TO HONG KONG WERE VALUED AT 1987, REPRESENTING AN INCREASE OF 32.4 PER CENT OVER 1986.
MILLION IN
THE IN
EIGHT FIRST
MONTHS OF 1988, THE
WAS GROWTH
AN
LAST YEAR, THE IMPRESSIVE 45.5 PER CENT OVER THE SAME PERIOD
MAJOR SKIN AND ITEMS WERE NICKEL, PAPER AND PAPERBOARD, RAW FUR
IRON AND
STEEL.
1987.
HONG KONG'S DOMESTIC EXPORTS TO NORWAY WERE $765 MILLION
IN
THE PRINCIPAL ITEMS WERE CLOTHING, TOYS AND SPORTING GOODS, RE-EXPORTS WATCHES AND CLOCKS AND AUTOMATIC DATA PROCESSING MACHINES. TO NORWAY WENT UP BY SOME 105 PER CENT OVER
ILLUSTRATING TRANS-SHIPMENT CENTRE FOR KONG'S RE-EMERGENCE AS AN IMPORTANT ASIA.
1986,
HONG EAST
SOME 80 PER CENT OF HONG KONG'S EXPORTS OF CLOTHING AND BED ARE RESTRAINED AT NORWAY'S REQUEST UNDER THE MULTI-FIBRE
WITH ARRANGEMENT. JUST LAST MONTH NORWAY AGREED TO DISPERSE
SOME OF
LINEN
THESE RESTRAINTS.
MR ALLEYNE TOLD THE SOCIETY THAT IN TRADE TERMS THIS WAS LITTLE MORE THAN A TOKEN DEGREE OF LIBERALISATION, BUT A VERY WELCOME ONE FOR ALL THAT.
||
"WE HOPE THAT THERE WILL BE FURTHER DEGREES OF LIBERALISATION IN FUTURE,' HE ADDED.
HE POINTED OUT THAT NOW THAT SWEDEN HAD ANNOUNCED THAT
END OF RESTRAINTS ON TEXTILE IMPORTS WOULD BE TERMINATED AT THE
THE
TERM CURRENT
OF THE MPA IN 1991. IRRESPECTIVE OF
THE WHETHER
WOULD ARRANGEMENT WAS RENEWED, HONG KONG WAS WAITING TO SEE IF NORWAY FOLLOW SUIT.
"
IN OUR EXPERIENCE, THIS WOULD BENEFIT NOT ONLY HONG KONG EXPORTS BUT ALSO NORWAY'S EXPORTS TO HONG KONG, HE SAID.
ti
THE
"THE HONG KONG MARKET IS ALREADY COMPLETELY OPEN TO NORWEGIAN EXPORTS AND THERE ARE EXCELLENT OPPORTUNITIES FOR INCREASING SHARE OF THE HONG KONG IMPORT MARKET," MR ALLEYNE ADDED.
15