WEDNESDAY, JULY 31, 1991
2
DECISION ON MFA EXTENSION WELCOMED
THE ACTING DIRECTOR-GENERAL OF TRADE, MR ROBERT FOOTMAN, TODAY (WEDNESDAY) WELCOMED THE DECISION TO EXTEND THE MULTI-FIBRE ARRANGEMENT (MFA) FROM AUGUST 1, 1991 UNTIL DECEMBER 31, 1992.
MADE.
THE
SPEAKING IN GENEVA, HE SAID: "THE MFÅ IS THE MULTILATÉRAL UMBRELLA UNDER WHICH OUR BILATERAL TEXTILES AGREEMENTS ARE DECISION TO EXTEND IT MEANS THAT OUR BUSINESSMEN CAN CONTINUE TO AHEAD WITH CERTAINTY."
PLAN
HE ADDED: "THE EXTENSION OF 17 MONTHS TAKES INTO ACCOUNT THE NEED TO BRIDGE THE TIME BETWEEN NOW AND WHEN AN AGREEMENT ON TEXTILEB IN THE URUGUAY ROUND CAN BE EXPECTED TO COME INTO EFFECT."
COMMENTING ON THE DECISION, MR FOOTMAN SAID "THE EXTENSION 19 IN ESSENCE A ROLLOVER OF THE MFA AND THE 1986 PROTOCOL OF EXTENSION. THE DECISION ALSO REAFFIRMS PARTICIPANTS' COMMITMENT TO ENDEAVOUR To IMPROVE THE TRADE SITUATION PAVING THE WAY FOR THE INTEGRATION OF THE TEXTILES AND CLOTHING SECTOR INTO THE GATT UNDER THE URUGUAY ROUND NEGOTIATIONS.
"THIS IS IMPORTANT, AS ALL PARTIES MUST NOW TURN THEIR ATTENTION TO NEGOTIATIONS ON TEXTILES IN THE URUGUAY ROUND. HONG KONG WILL CONTINUE TO PLAY AN ACTIVE PART IN THESE NEGOTIATIONS WHEN THEY RESUME IN GENEVA IN SEPTEMBER.
"
THE DECISION TO EXTEND THE MFA WAS MADE BY THE TEXTILES COMMITTEE OF THE GATT. MEMBERSHIP OF THE TEXTILES COMMITTEE CONSISTS OF REPRESENTATIVES OF PARTIES TO THE
INCLUDING HONG KONG. MẸ ARTHUR DUNKEL, DIRECTOR-GENERAL OF
18 THE CHAIRMAN OF THE TEXTILES COMMITTER.
MFA,
GATT,
SINO-BRITISH LAND COMMISSION
* * * * *
THE TWENTY-THIRD MEETING OF THE SINO-BRITISH LAND COMMISSION WAS HELD ON 31 JULY 1991. THE TWO SIDES AGREED THAT THE AVERAGE COST OF LAND PRODUCTION FOR THE 1991/92 FINANCIAL YEAR BE HK$3,330 PER SQUARE METRE.
THE TWO SIDES ALSO AGREED THAT THE 1991/92 LAND DISPOSAL PROGRAMME BE ADJUSTED TO PROVIDE 5.53 IMPLEMENTATION OF THE HONG KONG HOUSING PUBLIC RENTAL FLATS TO SITTING TENANTS.
HECTARES OF LAND FOR THE AUTHORITY'S SCHEME TO SELL
13
+