20
TUESDAY, OCTOBER 29, 1991
SAID,
THE
FINALLY, MR BARMA
INDUSTRY DEPARTMENT WAS RESPONSIBLE FOR PROMOTING INWARD INDUSTRIAL INVESTMENT INTO HONG KONG.
"WE ENCOURAGE IT BECAUSE MOST INWARD INVESTMENTS BRING MODERN TECHNOLOGY AND MODERN MANAGEMENT METHODS.
"WHERE THE INVESTMENT IS IN THE FORM OF A JOINT VENTURE WITH A LOCAL PARTNER THIS STATE-OF-THE-ART THINKING IS OFTEN TRANSFERRED то THE LOCAL PARTNER, HE SAID.
MR BARMA SAID WHILE THE DEPARTMENT PROMOTED OVERSEAS INVESTMENT, IN THE SENSE OF SELLING HONG KONG VIGOROUSLY ABROAD AND PROVIDE HELPING POTENTIAL INVESTORS SET UP IN HONG KONG, IT DID NOT INDUCEMENTS, SUCH AS TAX HOLIDAYS, TO POTENTIAL OVERSEAS INVESTORS.
"WE CONSIDER OUR OVERALL INVESTMENT CLIMATE IS SUFFICIENTLY FAVOURABLE IN ITS OWN RIGHT AND SEE NO REASON WHY AN OVERSEAS COMPANY, NO MATTER HOW EXCITING ITS TECHNOLOGY TRANSFER POTENTIAL, SHOULD BE GIVEN MORE FAVOURED TREATMENT THAN A LOCAL COMPANY," HE SAID.
CLOSER TECHNICAL CO-OPERATION IN ASTA CALLED
* * * * * *
A CALL FOR CLOSER TECHNICAL CO-OPERATION IN THE REGION HAS BEEN MADE BY THE DEPUTY DIRECTOR-GENERAL OF INDUSTRY, MR WILFRED WONG.
SPEAKING TODAY (TUESDAY) AT THE "THINK ASIA** TECHNO-BUSINESS FORUM IN HIROSHIMA, MR WONG SAID HONG KONG WAS FULLY AWARE THAT IT WOULD BENEFIT MOST FROM FOREIGN CAPITAL INVESTMENT AND TECHNOLOGY TRANSFER IF IT COULD IMPROVE THE TECHNOLOGICAL ABSORPTION CAPACITY OF ITS INDUSTRY THROUGH BETTER INTERNATIONAL NETWORKING AND MANPOWER TRAINING.
"TO THIS END, WE HAVE, AMONGST OTHER THINGS, AN UNDERSTANDING WITH THE JAPAN INTERNATIONAL CO-OPERATION AGENCY TO PROMOTE TECHNICAL ..CO-OPERATION IN MANPOWER TRAINING IN ADVANCED PRECISION ЭНЕКТ METAL
PROCESSING TECHNOLOGY.
"SUCH CO-OPERATION HAS PROVED OF GREAT VALUE TO US. I AM SURE MORE OF THESE SCHEMES CAN BE ARRANGED FOR THE BENEFIT OF THE REGION, HE SAID.
MR WONG SAID JAPAN HAD LONG BEEN A SIGNIFICANT SOURCE OF INDUSTRIAL INVESTMENT AND TECHNOLOGICAL TRANSFER TO HONG KONG.
"THE CUMULATIVE VALUE OF JAPANESE INDUSTRIAL INVESTMENT AT END OF 1989 STOOD AT US$1.1 BILLION.
THE
/"THE INDUSTRIES