5
MONDAY, SEPTEMBER 16, 1991
THIS DID NOT MEAN WE SHOULD ABANDON
OUR
TRADITIONAL
MAPKETS,
HE ADDED.
WAS
OF
THE UTMOST EXISTING MARKET
IMPORTANCE
ACCESS
THAT WE AND IN
ON THE CONTRARY, IT REMAINED VIGILANT IN PRESERVING OUR REMOVING BARRIERS SET UP THERE FROM TIME TO TIME.
A
IN EFFORT
SECURING HONG THE TRADE DEPARTMENT WOULD SPARE NO
EUROPE, AND IN PROVIDING KONG'S TRADING RIGHTS IN THE U.S. VIABLE AND STABLE FRAMEWORK IN WHICH TRADE COULD FLOURISH.
AND
TEXTILE THUS, IN ADDITION TO CONCLUDING A SERIES OF BILATERAL
DURING THE LAST AGREEMENTS WITH THE U.S., THE EEC AND OTHER COUNTRIES
WAS DEVOTING A CONSIDERABLE AMOUNT OF FEW MONTHS, THE DEPARTMENT
FULL RANGE OF NEGOTIATIONS CONDUCTED RESOURCES TO THE URUGUAY ROUND.
FURTHERMORE, OUR EFFORTS TO PARTICIPATE FULLY ECONOMIC CO-OPERATION ACTIVITIES WAS SHORTLY TO BEAR SAID.
HE SAID: "I
NOT MUST
UNDERSTATE
UNDER THE
IN ASIA-PACIFIC FRUIT, MR TSANG
THE
WORK
BEING DONE
BY
EXPORTERS COLLECTIVELY IN PROBING NEW MARKETS.
OF
OVERSEAS MANUFACTURING THE TRADE
SEEN
NUMBER A GROWING IN RECENT YEARS, WE HAD TRADE FAIRS, MISSIONS AND EXHIBITIONS ORGANISED BY OUR AND TRADING COMMUNITY, OFTEN IN COLLABORATION WITH DEVELOPMENT COUNCIL, IN THE PROMOTION OF HONG KONG EXPORTS.
MORE AND MORE OF THEM WERE BEING HELD
NORTH AMERICA, THE BEC AND CHINA.
IN MARKETS OTHER THAN
MISSIONS AND EXHIBITIONS TOOK PLACE IN OUR
FOR EXAMPLE, OF THE 47 TRADE FAIRS, HELD OVERSEAS IN 1986, ABOUT 16 (OR 34 PER CENT) NON-TRADITIONAL MARKETS.
LAST YEAR, REGIONS OTHER THAN NORTH
THE NUMBER SURGED TO A TOTAL OF 157 TO ALL MARKETS OF WHICH 70 (OR 45 PER CENT) WERE HELD IN AMERICA, THE EEC AND CHINA.
IS THAT SUCH INITIATIVES INDIVIDUAL FIRMS'
"THE IMPRESSION ONE GETS, HOWEVER, ARE OFTEN NOT FOLLOWED WITH THE SAME ENTHUSIASM BY INVESTMENT AND TRADE.
COMMERCIAL INFRASTRUCTURE, "ONE ALSO HEARS REMARKS ABOUT POOR
IMPOVERISHED DEMORALISED LABOUR FORCE, FOREIGN CURRENCY RESTRICTIONS, CONSUMERS, BUREAUCRATIC RED-TAPE, AND SO ON IN THESE MARKETS.
"DECISIONS NOT TO ENTER THESE MARKETS ARE FREQUENTLY DEVELOPED THEIR COMPARATIVE DISADVANTAGES, RELATIVE TO OUR TERMS OF RATE OF RETURN ON INVESTMENT IN THE SHORT TERM.
BASED ON ONES, IN
OF
BOLDNESS ΤΟ SEE BEYOND "THIS IS WHERE WE NEED FORESIGHT AND ONE OR TWO BUYING SEASONS, AND WHERE WE CANNOT DETERMINE THE LEVEL INVESTMENT ON WHAT HAS BEEN SECURED IN THE ORDER BOOK."
/IN ORDER