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FRIDAY, MARCH 15, 1991
HK WELCOMES FOREIGN PARTICIPATION IN INFRASTRUCTURAL PROJECTS
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HONG KONG WELCOMES FOREIGN PARTICIPATION IN ITS INFRASTRUCTURAL
PROJECTS, THE GOVERNOR, SIR DAVID WILSON SAID IN
DEVELOPMENT
TODAY (FRIDAY).
HAMBURG
ADDRESSING A LUNCHEON MEETING HOSTED BY THE EAST ASIA SOCIETY GOVERNOR AND THE HONG KONG BCONOMIC AND TRADE OFFICE TO THE EEC, THE SAID
KONG'S THERE WOULD BE PLENTY OF COMPETITION FOR A SHARE IN HONG PORT AND AIRPORT PROJECTS.
SECTOR
SAID HE
AND
THAT MUCH OF THE WORK WOULD BE DONE BY THE PRIVATE THE GOVERNMENT LOOKED FORWARD то SEEING GERMAN FIRMS DEMONSTRATING THEIR EXPERTISE IN THE ENORMOUS PROGRAMMES OF BUILDING FOR TWENTY-FIRST-CENTURY HONG KONG.
SIR DAVID SAID HE SAW GERMANY'S PRESENCE IN HONG KONG AS A MARK OF CONFIDENCE IN THE TERRITORY'S FUTURE.
PARTNER BILLION.
HE POINTED OUT THAT GERMANY WAS HONG KONG'S BIGGEST TRADING
IN EUROPE (INCLUDING UK), WITH TOTAL BILATERAL TRADE OF
DM11
GERMANY WAS AN IMPORTANT SOURCE OF OVERSEAS INVESTMENT IN KONG, WITH ACCUMULATED INVESTMENT OF DM 110 MILLION IN AND THE COUNTRY WAS INCREASINGLY DEEPLY INVOLVED SERVICE SECTOR, THE GOVERNOR SAID.
HONG
MANUFACTURING,
HONG
KONG'S
"ALTOGETHER 460 GERMAN COMPANIES ARE PRESENT IN HONG KONG, MOST
OF THEM WITH A REGIONAL RESPONSIBILITY.
"ALL
TO OF THIS SUGGESTS STRONGLY THAT GERMAN FIRMS ARE ALIVE
ADVANTAGES: LOW OPPORTUNITIES PRESENTED BY HONG KONG AND TO ITS
STABLE TAXES, SKILLED AND ADAPTABLE COMMUNICATIONS,
THE AND
SAID.
EXCELLENT DAVID
WORKFORCE
SIR AND AN ABSENCE OF BUREAUCRATIC RED-TAPE,
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WITH OTHER NORTH
THE GOVERNOR POINTED OUT THAT HONG KONG IN COMMON REGIONAL COMPETITORS WAS LESS RELIANT ON MARKETS IN EUROPE AND AMERICA THAN IT USED TO BE.
"ECONOMIC DEVELOPMENT HAS BROUGHT WITH IT CONSUMER MARKETS ASIA WHERE WE COMPETE SUCCESSFULLY FOR A SHARE," HE SAID.
THE GOVERNOR ALSO POINTED OUT THAT HONG KONG HAD BECOME A FROM WHICH MANUFACTURING OPERATIONS ELSEWHERE WERE MANAGED.
"REGIONAL ECONOMIC GROWTH HAS ALSO
IN
BASE
PRODUCED NEW INVESTMENT
FLOWS. HONG KONG IS PLAYING A PIVOTAL ROLE IN THIS.
INTERNATIONAL
"IT OFFERS A WIDE RANGE OF FINANCIAL EXPERTISE, CONTACTS AND FIRST CLASS COMMUNICATIONS, IN ADDITION TO AN ABSENCE RESTRICTIONS AND RED-TAPE, SIR DAVID SAID.
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