17
HONG KONG/JAPAN ENJOY EXCELLENT RECONOMIC RELATIONS
AND JAPAN
THE EXCELLENT ECONOMIC RELATIONS BETWEEN HONG KONG ARE ONE OF THE SUCCESS STORIES OF REGIONAL CO-OPERATION, THE GOVERNOR, SIR DAVID WILSON, SAID IN TOKYO TODAY (WEDNESDAY),
WAS ADDRESSING A LUNCHEON MEETING SIR DAVID KONG/JAPAN BUSINESS CO-OPERATION COMMITTEE, AND HONG KONG TRADE DEVELOPMENT COUNCIL IN TOKYO.
HOSTED
KONG JAPAN/HONG
BY
HONG SOCIETY
CITING A FEW FACTS TO ILLUSTRATE THE CLOSE RELATIONSHIP BETWEEN SIR HONG KONG AND JAPAN ON TRADE, FINANCE, INVESTMENT AND TOURISM, DAVID SAID LIKE ANY NEIGHBOURS, THE TWO PLACES WOULD OCCASIONALLY HAVE PROBLEMS TO SORT OUT SO THAT THE RELATIONSHIP COULD GROW.
"ONE CONCERN WE
HAVE IS THE SUBSTANTIAL IMBALANCE IN BILATERAL TRADE. WE NOW IMPORT FROM YOU MORE THAN FOUR TIMES AS AS WE EXPORT TO YOU," SIR DAVID SAID.
NOTING THAT JAPAN'S SECOND LARGEST TRADE SURPLUS WAS WITH KONG, THE GOVERNOR SAID THE RECENT FALL IN THE YEN HAD TAKEN ITS ON HONG KONG'S EXPORTS TO JAPAN.
"THESE HAVE
FALLEN
10 PER CENT IN VALUE SO REVERSING THE UPWARD TREND OF MANY YEARS," HE SAID.
OUR
MUCH
HONG
TOLL
FAR THIS
YEAR,
HOWEVER, SIR DAVID SAID HONG KONG DID NOT SEEK ARTIFICIAL TO HELP ITS EXPORTS TO JAPAN.
AID
"WE
BELIEVE IN FREE TRADE. WE LOOK GENUINELY OPPORTUNITY TO PRACTISE IT," HE SAID.
ONLY FOR THE
MARKET HOPED THAT
WELCOMING THE MOVES BEING MADE TO OPEN FURTHER JAPAN'S AND TO PROMOTE DOMESTIC DEMAND, SIR DAVID SAID HONG KONG MORE COULD BE DONE.
"WE ALSO UNDERSTAND THAT THIS IS A TWO-WAY PROCESS, AWARE OF THE NEED FOR MORE PAINSTAKING EFFORTS BY HONG KONG TO PENETRATE THE JAPANESE MARKET," HE SAID.
WE ARB SALESMEN
TO BROADEN BEEN
POINTING OUT THAT HONG KONG WAS AWARE OF THE NEED THE RANGE OF ITS EXPORTS TO JAPAN, SIR DAVID NOTED THAT MUCH HAD DONE ON BOTH SIDES TO FACILITATE HONG KONG EXPORTS TO JAPAN.
"MORE REMAINS TO BE DONE. I AM SURE THAT IT WILL BE.
"WE
COMMON
INTEREST
OUR
COMMERCIAL PROSPEROUS
HAVE A
IN DEVELOPING RELATIONS WITH THE OBJECTIVE OF ACHIEVING A BRIGHTER, MORE FUTURE FOR US BOTH, HE SAID.
"
ΤΟ FORESIGHT
OF THE
OUTLINING THE ROLE OF HONG KONG IN THE ECONOMIC DEVELOPMENT CHINA, SIR DAVID SAID IF HONG KONG WAS TO PLAY THAT PART FULL, THE TERRITORY MUST PLAN AND BUILD FOR THE FUTURE WITH AND CONFIDENCE.
/"THAT IS