FRIDAY, DECEMBER 20, 1991
AND
THE ADB WAS ESTABLISHED IN 1966 TO FOSTER ECONOMIC GROWTH
THE SOCIO- CO-OPERATION IN THE ASIA-PACIFIC REGION AND TO ASSIST IN ECONOMIC DEVELOPMENT OF ITS DEVELOPING MEMBER COUNTRIES.
IT CURRENTLY
HAS 52
MEMBERS, OF
WHICH 33 ARE DEVELOPING COUNTRIES OR TERRITORIES. HONG KONG JOINED THE ADB AS A FULL MEMBER IN 1969. AGREEMENT HAS BEEN REACHED WITH THE CHINESE SIDE
JOINT LIAISON
GROUP ON HONG SINO-BRITISH PARTICIPATION IN THE ADB AFTER 1997.
KONG'S
THROUGH THE
CONTINUED
WHILE THE LAST ANNUAL MEETING OF THE ADB WAS HELD IN VANCOUVER,
BEIJING AND NEW DELHI 1989 AND 1990 MEETING TOOK PLACE IN RESPECTIVELY.
THE
EUROPEAN COMMUNITY TRADE ACTION AGAINST HONG KONG
THE EUROPEAN COMMUNITY'S INTENTION OF NOT TO
TREAT HONG KONG CERTAIN PROVISIONS OF THE AS A LESS DEVELOPED COUNTRY (LDC) UNDER GATT WILL HAVE NO PRACTICAL EFFECTS ON HONG KONG, THE DIRECTOR GENERAL OF TRADE, MR DONALD TSANG, SAID TODAY (FRIDAY),
"WE DO
NOT
INVOKE
PROVISIONS
ON
AND
DIFFERENTIAL GATT. THE HONG OR TAKE SAFEGUARD ACTION
SPECIAL TREATMENT GIVEN TO LESS DEVELOPED COUNTRIES UNDER THE KONG GOVERNMENT DOES NOT PROVIDE SUBSIDIES AGAINST IMPORTS, SAID MR DONALD TSANG.
HAS TAKEN THIS AND KOREA AT THE HAS NEVER NEGOTIATIONS.
"HOWEVER IT IS REGRETTABLE THAT THE COMMUNITY EXTRAORDINARY ACTION AGAINST HONG KONG, SINGAPORE FINAL PHASE OF THE NEGOTIATIONS IN THE URUGUAY ROUND. THIS
OF THE BEEN RAISED AS AN ISSUE IN THE PAST FIVE YEARS NOR HAD WE BEEN CONSULTED BEFORE THE
NOTIFICATION.
"WE SHALL SEEK AN EXPLANATION FROM THE FORMAL CHANNELS, MR TSANG ADDED.
77
COMMUNITY
THROUGH OUR
NOTIFIED THE DIRECTOR ON DECEMBER 18, THE EUROPEAN COMMUNITY
KONG AS A GENERAL OF THE GATT THAT THEY INTENDED NOT TO TREAT HONG
THE GATT. THESE LESS DEVELOPED COUNTRY UNDER CERTAIN PROVISIONS OF PROVISIONS DEAL WITH THE GRANTING OF SPECIAL CONCESSIONS TO DEVELOPING GATT CONTRACTING PARTIES LARGELY IN THE AREAS OF
AND SAFEGUARDS.
THE LESS SUBSIDIES
0
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