THURSDAY, MAY 16, 1991.
AND
HAS STEPPED UP ITS SINCE THE FORMATION OF HKCPEC, HONG KONG
PARTICIPATED IN A SERIES OF INVOLVEMENT IN THE PECC MOVEMENT, AND RECENT EVENTS, INCLUDING THE
TELECOMMUNICATION TRANSPORTATION, TOURISM (TRIPLE T) TASK FORCE WORKSHOP AND THE SCIENCE AND SYMPOSIUM.
PECC WILL MEMBERSHIP OF THE ADMISSION OF HONG KONG, CHILE, MEXICO GENERAL MEETING.
то INCREASE
19
TECHNOLOGY
FOLLOWING THE
AND PERU AT THE FORTHCOMING
FROM AUSTRALIA, BRUNEI, CANADA, OTHER MEMBER COMMITTEES ARE
NEW ZEALAND, THE PACIFIC CHINA, INDONESIA, JAPAN, KOREA, MALAYSIA,
CHINESE ISLAND NATIONS, THE PHILIPPINES, SINGAPORE, TAIWAN (STYLED AS TAIPEI), THAILAND AND THE USA.
THE SINGAPORE MEETING WILL BE OPENED BY THE PRIME SINGAPORE, MR GOH CHOK TONG.
MINISTER OF
HONG KONG BEST ENTRY INTO PACIFIC REGION: YAXLEY
* * * * *
HONG KONG OFFERS THE BEST ENTRY INTO THE ASIA PACIFIC REGION, PARTICULARLY TO CHINA, THE HONG KONG COMMISSIONER IN LONDON, MR JOHN YAXLEY, SAID WHEN ADDRESSING LEADING NORWEGIAN BANKERS, BUSINESSMEN AND INDUSTRIALISTS IN BERGEN AND OSLO
EARLIER THIS WEEK.
SPEAKING IN THE TWO CITIES ON TUESDAY AND WEDNESDAY AT SEMINARS JOINTLY ORGANISED BY THE HONG KONG TRADE DEVELOPMENT COUNCIL AND DEN NORSKE BANK, MR YAXLEY OUTLINED THE DISTINGUISHING FEATURES OF HONG KONG'S ECONOMY.
"OUR TRADE IS EXTERNALLY ORIENTED TO AN ALMOST UNIQUE DEGREE AND WE ARE ABSOLUTELY DEPENDENT ON TRADE WITH THE REST OF THE WORLD.
H
THERE WERE, HE SAID, THREE DIMENSIONS TO HONG KONG'S EXTERNAL TRADE: FIRSTLY, ECONOMIC INTERDEPENDENCE WITH CHINA; SECONDLY, THE TERRITORY'S ROLE AS A REGIONAL CENTRE FOR ASIA PACIFIC; AND THIRDLY, TRADE WITH THE MAJOR WESTERN ECONOMIES,
IN
"INDEED, THE POLITICAL RELATIONSHIP WITH CHINA IS CURRENTLY A HIGH PROFILE PHASE AND IS, FOR EXAMPLE, DIRECTLY AFFECTING THE PROSPECTS FOR HONG KONG'S PLANS TO BUILD A NEW AIRPORT.'
"
WHILE NO ONE COULD BE CERTAIN WHAT POLITICAL DEVELOPMENTS WOULD TAKE PLACE IN BEIJING THIS DECADE, THERE WAS A CONSIDERABLE WEIGHT OF OPINION THAT CHINA WOULD REMAIN STABLE, CERTAINLY MORE SO THAN IN SOME OTHER PARTS OF THE WORLD, HE SAID.
"BUT WHATEVER SIGNIFICANCE YOU MAY ATTACH TO POLITICAL UNCERTAINTIES IN CHINA, THE IMPORTANT THING TO REMEMBER IS THAT HONG KONG HAS A FORTY YEAR TRACK RECORD OF SURVIVING ALONGSIDE A TURBULENT, TROUBLESOME AND SOMETIMES HOSTILE NEIGHBOUR," HE SAID.
/IN TERMS