SATURDAY, APRIL 20, 1991
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FS TO ATTEND ASIAN DEVELOPMENT BANK ANNUAL MEETING
THE FINANCIAL SECRETARY, SIR PIERS JACOBS, LEFT HONG KONG THIS (SATURDAY) AFTERNOON TO ATTEND THE 24TH ANNUAL MEETING OF THE BOARD OF GOVERNORS OF THE ASIAN DEVELOPMENT BANK.
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THE MEETING WILL TAKE PLACE IN VANCOUVER, CANADA FROM APRIL TO 26. SIR PIERS IS EXPECTED TO ADDRESS THE MEETING AT A GOVERNOR'S SESSION ON APRIL 26.
OTHER MEMBERS IN THE HONG KONG DELEGATION ARE THE DIRECTOR OF THE OFFICE OF THE EXCHANGE FUND, MR JOSEPH YAM; ASSISTANT DIRECTOR, MR JAMES LAU, JR AND SENIOR MANAGER, MR THOMAS CHOW.
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GOVT CONTINUES CONSULTATION WITH EC ON ANTI-DUMPING PROCEEDING
THE GOVERNMENT HAS CONTINUED TO CONSULT WITH THE EUROPEAN COMMISSION WITH A VIEW TO SEEKING TERMINATION OF THE ANTI-DUMPING PROCEEDING AGAINST HONG KONG IN RESPECT OF AUDIO-CASSETTE TAPES, TRADE DEPARTMENT SPOKESMAN SAID TODAY (SATURDAY).
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"THE EUROPEAN COMMISSION IS EXPECTED ΤΟ ANNOUNCE THE FINAL DETERMINATION ON THE DEFINITIVE DUTY ON IMPORTS OF AUDIO-CASSETTE TAPES INTO THE EEC FROM JAPAN, SOUTH KOREA AND HONG KONG IN MID-MAY, HE SAID.
THIS PROCEEDING WAS INITIATED IN JANUARY 1989. A LARGE NUMBER OF COMPANIES ARE INVOLVED IN THE INVESTIGATIONS, INCLUDING SOUTH KOREA'S GOLD STAR, SUNKYONG, SACHAN MEDIA, SUNGNAM AND NAKAYAMA ; AND JAPAN'S SONY, MAXELL, FUJI AND DENON.
PARTICIPATED IN THE MAGNETIC ENTERPRISES, FORWARD
IN THE CASE OF HONG KONG, FIVE COMPANIES PROCEEDING. THEY ARE SWIRE MAGNETICS, ELECTRONICS, TOMEI MAGNETIC PRODUCTS AND YER KEUNG.
THE COMMISSION ANNOUNCED THE 1990. THE RATES OF THE PROVISIONAL JAPAN AND SOUTH KOREA ARE 22.3 RESPECTIVELY.
PROVISIONAL DUTIES IN NOVEMBER RESIDUAL DUTY ON IMPORTS FROM PER CENT AND 19.4 PER CENT
IN RESPECT OF HONG KONG, NO DUTIES WERE IMPOSED IN FOUR OF THE FIVE COMPANIES AND THE REMAINING ONE AND OTHER COMPANIES NOT INVESTIGATED WERE SUBJECT TO A 2.4 PER CENT DUTY.
RESPECT OF HONG KONG PROVISIONAL
"WE DO NOT BELIEVE A PROVISIONAL ANTI-DUMPING DUTY SHOULD HAVE BEEN IMPOSED ON HONG KONG, THE SPOKESMAN SAID.
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