WEDNESDAY, OCTOBER 3, 1990
ECONOMIC TIES ON GLOBAL BASIS URGED
ENTERPRISE,
SAID CHAN,
ECONOMIC CO-OPERATION AND DEVELOPMENT SHOULD BEST BE PURSUED IN A GLOBAL CONTEXT AND IN THE SPIRIT OF FREE TRADE AND FREE
THIS TRADE AND INDUSTRY, THE SECRETARY FOR (WEDNESDAY) MORNING.
MR JOHN
SPEAKING AT THE OPENING OF THE 1990 SYMPOSIUM SAID THAT IN EXECUTIVES AT A LOCAL HOTEL, MR CHAN DID NOT DECRY THE VIRTUES OF REGIONAL CO-OPERATION.
AND
OF ASIAN CHIEF SAYING THIS
НВ
TERRITORIES OF THE DEVELOPMENT OF
HE SAID THERE WAS MUCH THAT THE COUNTRIES ASIA COULD DO FOR AND WITH ONE ANOTHER TO FOSTER THEIR OWN ECONOMIES AND OF THE REGION'S ECONOMY AS A WHOLE.
"HONG KONG TAKES
A KEEN
INTEREST IN
REGIONAL
CO-OPERATIVE
ARRANGEMENTS AND CONTRIBUTES TO THEM AS BEST WE CAN.
"FOR EXAMPLE: WE PLAY AN ACTIVE
FOR ASIA
PART IN THE UNITED NATIONS ASIAN THE AND
AND THE PACIFIC, ECONOMIC COMMISSION
THE PACIFIC DEVELOPMENT BANK. WE ARE GEARING UP FOR A BIGGER ROLE IN
INTERESTED IN ECONOMIC CO-OPERATION CONFERENCE AND WE REMAIN DEEPLY THE WORK OF THE INFORMAL ASIA PACIFIC ECONOMIC CO-OPERATION FORUM, SAID.
||
HE
KONG
MR CHAN SAID BILATERAL ECONOMIC CO-OPERATION BETWEEN HONG AND CHINA IN THE REGION HAD BROUGHT CONSIDERABLE PRACTICAL BENEFITS TO BOTH SIDES.
HONG
AT THE SAME TIME, PACIFIC REGION INCREASED BY SOME 25 PER CENT THREE YEARS. TODAY, HONG KONG'S TRADE WITH ITS ASIA ACCOUNTED FOR 79 PER CENT OF ITS GLOBAL TRADE.
KONG'S TRADE
WITH
THE
ASIA A YEAR OVER THE LAST PACIFIC PARTNERS
WIDER
WORLD WAS A BIGGER
BUT, MR CHAN SAID THAT BY DEFINITION THE PLACE THAN A REGION. "IF REGIONAL CO-OPERATION CAN BRING BENEFITS, HOW MUCH MORE BENEFICIAL WOULD GLOBAL CO-OPERATION BE.
"AND HOW
MUCH MORE
SENSIBLE
BE THEY
WOULD IT BE FOR REGIONAL TRADE FREE CUSTOMS UNIONS, CO-OPERATION ARRANGEMENTS,
THEY REMAIN OUTWARD LOOKING AGREEMENTS OR WHATEVER, TO ENSURE THAT
** HE SAID. AND OPEN TO THE OUTSIDE, AND NOT CLOSE IN UPON THEMSELVES,
MORE AND MORE MR CHAN SAID THERE WERE CLEAR INDICATIONS THAT
OF THE FREE RECOGNITION WAS BEING GIVEN TO THE INTRINSIC EFFICIENCY
то BE DECIDED MARKET MECHANISM AND TO THE WISDOM OF ALLOWING THINGS
FORCES IN A FREELY COMPETITIVE BY THE NATURAL OPERATION OF MARKET ENVIRONMENT.
CO-OPERATION ON A GLOBAL
"THE SIGNS AUGUR WELL FOR ECONOMIC SCALE. AND INCREASINGLY THE ECONOMIES OF THE TOGETHER TO TRY AND SORT OUT THEIR PROBLEMS SOLUTIONS, HE SAID
11
WORLD ARE AND SEEK
COMING
COMMON
/MR CHAN