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TUESDAY, DECEMBER 12. 1989
TEXTILE COUNCIL WILL HELP INDUSTRIES DEVELOP AND IMPROVE
HONG
HELPING AND IMPROVE THEIR WILSON, SAID TODAY
THE TEXTILE COUNCIL WILL HAVE A MAJOR ROLE TO PLAY IN KONG'S MANUFACTURING INDUSTRIES DEVELOP PRODUCTIVE CAPACITY, THE GOVERNOR, SIR DAVID (TUESDAY).
SPEAKING AT THE INAUGURATION CEREMONY OF THE TEXTILE COUNCIL OF HONG KONG LTD, SIR DAVID SAID THAT TEXTILES AND CLOTHING WERE MAJOR MANUFACTURED EXPORTS FOR HONG KONG AND THEY STILL ACCOUNTED FOR SOME 40 PER CENT OF RONG KONG'S TOTAL DOMESTIC EXPORTS IN 1988, WITH THE INDUSTRY EMPLOYING SOME 365,000 WORKERS OVER 40 PER CENT OF HONG KONG'S TOTAL INDUSTRIAL EMPLOYMENT.
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"THESE IMPRESSIVE FIGURES ARE A REFLECTION OF THE IMPORTANCE OF THE INDUSTRY TO HONG KONG," SIR DAVID SAID.
SIR DAVID SAID THE TEXTILE COUNCIL WOULD PLAY A VITAL ROLE IN BRINGING TOGETHER THE MAJOR TEXTILE AND CLOTHING ASSOCIATIONS, AND THUS IN SPEAKING FOR THE INTERESTS OF THE INDUSTRY WITH ONE VOICE.
THE GOVERNOR POINTED OUT THAT HONG KONG'S PROSPERITY RELIED HEAVILY ON ITS ABILITY TO GAIN AND MAINTAIN ACCESS TO WORLD MARKETS.
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"AS A FIRM SUPPORTER AND KEEN PRACTITIONER OF FREE TRADE, WE SEE IT AS VITAL TO DO ALL WE CAN TO COMBAT UNFAIR TRADE PRACTICES, HE SAID.
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ON THE ANTI-DUMPING PROCEEDINGS RECENTLY INSTITUTED BY THE EUROPEAN COMMUNITY HONG KONG'S THIRD LARGEST TRADING PARTNER AGAINST DENIM CLOTH ORIGINATING FROM HONG KONG, SIR DAVID SAID: "WE BELIEVE THAT ACCUSATION IS UNJUSTIFIED. THE GOVERNMENT IS DETERMINEN TO DO ITS FRT TO HELP INDUSTRY FIGHT THOSE PROCEEDINGS,
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THE GOVERNOR POINTED OUT THE FACT THAT THE INDUSTRY AND GOVERNMENT WERE WORKING TOGETHER TO COUNTER THE EUROPE VW COMMUNITY'S ANTI-DUMPING ACTION SHOWED THE EXISTENCE OF A GENUISE PARTNERSHIP BETWEEN THE TWO PARTIES.
"THIS TYPE OF CO-OPERATIVE
APPROACH IS ONE OF THE FACTORS WHICH HAS HELPED TO MAKE HONG KONG A GREAT INTERNATIONAL CENTRE OF TRADE. HE SAID.
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THE GOVERNOR STRESSED THAT AS COMPETITION FROM HONG KONG'S NEIGHBOURS INTENSIFIED. THE TERRITORY MUST REMAIN TECHNOLOGICALLY COMPETITIVE SO THAT IT MAINTAINED ITS POSITION IN WORLD MARKETS.
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"THE MANUFACTURING SECTOR IN PARTICULAR WILL HAVE TO MOVE MARKET TO MEET THE REQUIREMENTS OF AN INCREASINGLY SOPHISTICATED ECONOMY,
"WE MUST ALSO AS A COMMUNITY, AS WELL AS WITHIN THE GOVERNMENT, RECOGNISE THE GROWING IMPORTANCE OF TECHNOLOGY IN HONG KONG'S ECONOMIC DEVELOPMENT, HE SAID.
/SIR DAVID