THURSDAY, DECEMBER 7, 1989
PROTECTIONIST
OF THE URUGUAY
RESIST
ΤΟ HE URGED THE U.S. ADMINISTRATION THREATS AND COMMIT ITSELF TO A SUCCESSFUL CONCLUSION ROUND.
THIS WAS AN
WHICH OBJECTIVE
HONG KONG AND OTHER GATT
CONTRACTING PARTIES SHARED, HE SAID.
"THE
SHOULD U.S.
PROGRESS
LIBERALISING TRADE IN TEXTILES IS IMPORTANT
то AGREE ARE TO INTELLECTUAL PROPERTY PROTECTION,
ALSO
IN
RECOGNISE
A MOVE THAT
TOWARDS IF DEVELOPING COUNTRIES
AREAS SUCH AS OTHER
HE SAID.
SERVICES
AND
MR LO ALSO TOOK THE OPPORTUNITY TO ABOUT HONG KONG'S POSITION.
DISPEL ANY MISCONCEPTIONS
"WE ARE FULLY COMMITTED TO NEGOTIATING THE INTEGRATION OF MFA INTO THE GATT.
AND TEXTILES
THE
CLOTHING INDUSTRY TO
"WE HAVE NO WISH FOR OUR CONTINUE TO BE DICTATED BY CURRENT CONSTRAINTS UNDER THE MFA.
PERMITTED, AND INDEED OR TERTIARY MANUFACTURING
"WE SEE NO REASON WHY IT SHOULD NOT BE
ADJUST, LIKE ENCOURAGED, TO SERVICE SECTOR OF OUR ECONOMY,
GOVERNMENT
DID
ANY OTHER
"
HE SAID.
NOT
PROVIDE
THAT THE OR KONG'S
ON ANTI-DUMPING, MR LO SAID IT WAS A WELL KNOWN FACT
FINANCIAL ASSISTANCE KONG HONG SURSIDIES TO COMPANIES, AND THAT COMMERCIAL JUDGEMENTS OF HONG BUSINESSMEN WERE DICTATED ENTIRELY BY FREE MARKET FORCES.
L
'COMPANIES IN HONG KONG THEREFORE HAVE NEITHER THE
ΤΟ QUANTITATIVE THE INCENTIVE TO SELL PRODUCTS SUBJECT AT LESS THAN MARKET VALUE, HE SAID.
MOTIVE NOR RESTRICTIONS
P
"IN SHORT. THE RATIONALE FOR DUMPING SIMPLY DOES NOT HONG KONG.
EXIST IN
MR LO NOTED THAT HONG KONG'S COMPETITIVE ADVANTAGE LAY SUPPLY OF BELGIE-QUALITY AND HIGH-FASHION PRODUCTS,
IN
THE
"E HAVE EVERY REASON TO BELIEVE THAT WE WILL CONTINUE TO BE ACTIVE AND SIGNIFICANT PLAYER IN THE TEXTILE TRADE IN THE 1990'S," SAID.
17
AN
HE