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THURSDAY, MARCH 22, 1990
ALREADY SIGNED
A
MUTUAL SCHEME WITH UNITED KINGDOM THAT TESTING THIS
"THIS IS BECAUSE HOKLAS HAS RECOGNITION AGREEMENT UNDER THE LABORATORY ACCREDITATION THE NATIONAL MEASUREMENT ACCREDITATION SERVICE OF THE (NAMAS), AND THE EC COMMISSION HAS CONFIRMED IN WRITING
BE LABORATORIES WOULD ACCREDITED IN HOKLAS PURPOSE," HE SAID.
THE
ACCEPTABLE
AND
TURNING TO RECENT EVENTS IN EASTERN EUROPE, MR
IMPACTS ON HONG
TRADERS KONG'S POSSIBLE "FIRSTLY, THE REC ARE LIKELY TO BE SYMPATHETIC TOWARDS
ECONOMIC EASTERN EUROPEAN COUNTRIES FOR MARKET ACCESS.
FOR
LEUNG SAID OF
MANUFACTURERS: REQUESTS FROM INCREASED
AND CO-OPERATION
"THE NET EFFECT IS THEREFORE TO INCREASE
THE EXPENSE OF SOME
AS A WHOLE, POSSIBLY AT
COUNTRIES FOR NON-EUROPEAN RATIOS.
PRODUCTS
OF
TRADE WITHIN EUROPE MARKET SHARE OF COMPARABLE QUALITY/PRICE
EUROPEAN
ALSO BE VIEWED BY "SECONDLY, EASTERN EUROPE COULD MANUFACTURERS AS A VAST HINTERLAND OF SUB-CONTRACTING OPPORTUNITIES.
CAN ALSO BE "THIRDLY, HIGHER CAPITAL FLOWS TO EASTERN EUROPE
AND WORLD LIQUIDITY
FIRMER EXPECTED. THIS COULD LEAD TO TIGHTER
DIVERT SOME INVESTMENT ATTENTION INTEREST RATES. THIS COULD
FROM OTHER PARTS OF THE WORLD INCLUDING THE ASIA PACIFIC.
EUROPE, WITH TREMENDOUS POTENTIAL,
ON THE OTHER HAND, MR LEUNG POINTED OUT, EASTERN
MARKET OF A POPULATION OF 420 MILLION, WAS A PARTICULARLY FOR GOODS IN THE LOWER PRICE RANGES.
DEMAND FOR "THE INABILITY TO MEET
CONSUMER GOODS BY LOCAL
WOULD PRODUCTION
PRESENT
то CONSIDERABLE BUSINESS OPPORTUNITIES
IN TRADE LIBERALISATION WOULD FOREIGN SUPPLIERS. MOREOVER, REFORMS ALSO PROVIDE NEW SALES CHANNELS," HE SAID.
WOULD SEEM EASTERN
EUROPE
HE CONCLUDED THAT, ON BALANCE, IT PRESENTED ITSELF MORE AS AN OPPORTUNITY RATHER THAN A THREAT.
PER CENT OF ALL
"AS THE EEC ACCOUNTS FOR 36.6
WORLD TRADE (COMPARED WITH 13.3 PER CENT FOR THE U.S. AND 7.7 PER CENT FOR JAPAN), IT HAS A LARGE STAKE IN FREE AND OPEN INTERNATIONAL TRADE.
REMAIN 'FORTRESS
то COMMUNITY "ONE CAN THEREFORE REASONABLY EXPECT THE
OF DEVELOPING INTO A ESSENTIALLY AN OPEN MARKET INSTEAD EUROPE'.
"ONE THING IS CERTAIN: WHETHER MANUFACTURERS ARE ABLE TO REAP BENEFITS FROM THE SINGLE EUROPEAN DEPENDS ON THEIR FLEXIBILITY AND CAPABILITY.
"HONG KONG MANUFACTURERS ARE RENOWNED FOR HAVE THEREFORE EVERY CONFIDENCE THAT THEY WILL BE NEW CHALLENGES AHEAD, MR LEUNG SAID.
"
OUTSIDE THE ЕВС MARKET ULTIMATELY
THESE
QUALITIES. I ABLE ΤΟ MEET THE
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