THURSDAY, FEBRUARY 27, 1992
ON THE OUTLOOK OF HONG KONG'S EXTERNAL TRADE THIS YEAR, MR TSANG HIGHLIGHTED THE URUGUAY ROUND (UR) OF MULTILATERAL TRADE NEGOTIATIONS, WHICH AIMED AT FURTHERING TRADE LIBERALISATION,
"THIS ROUND OF TRADE NEGOTIATIONS HAS GONE ON FOR FIVE LONG YEARS. THE SLOW PROGRESS HAS CREATED A GREAT DEAL OF UNCERTAINTIES.
"WE HAVE HEARD FEARS ABOUT THE COLLAPSE OF THE ROUND RISE OF REGIONAL TRADING BLOCS, HE SAID.
H
AND
THE
HOWEVER, THERE WAS STILL A GENERAL BELIEF THAT THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT) WAS THE CUSTODIAN OF THE OPEN MULTILATERAL TRADING SYSTEM. AND THIS SYSTEM
THE CORNERSTONE OF HONG KONG'S TRADING POLICY.
AN
ELEMENT
IN THE
IS
OUT
AND (MFA)
THE ΤΟ
AGREEMENT, WHICH WAS OF PARTICULAR IMPORTANCE TO HONG KONG, WAS THE PROGRAMME то PHASE RESTRICTIONS UNDER THE EXISTING MULTIFIBRE ARRANGEMENT RETURN TRADE IN TEXTILES TO GATT RULES OVER THE NEXT DECADE.
TRADE INCLUDING THE NEW ANTI-DUMPING CODES AND
HAVE IMPACTS ON HONG KONG'S OVERALL TRADE
OTHER ELEMENTS, IN SERVICES, WOULD ALSO DEVELOPMENT.
MR TSANG SAID HE
SINCERELY HOPED THAT THE UR NEGOTIATIONS WOULD COME TO A SUCCESSFUL CONCLUSION.
WITH
"WE, THE HONG KONG GOVERNMENT
THE TRADE DEPARTMENT IN PARTICULAR, SHALL DO OUR BEST TO ACHIEVE BALANCED RESULTS," HE ADDED.
ISSUE
HOPED THE U.S. BASED ON THEIR IN RELATION TO
ON SINO-AMERICAN TRADE RELATIONSHIP, MR TSANG AND CHINA COULD BE ABLE TO RESOLVE THEIR DIFFERENCES RECENT EXPERIENCE IN HANDLING THE SPECIAL 301 THE PROTECTION OF INTELLECTUAL RIGHT.
SENATE
ON THE MOST-FAVOURED-NATION (MFN) TRADE STATUS, THE U.S. PASSED A BILL ATTACHING CONDITIONS ON RENEWAL OF CHINA'S STATUS BY TO 39 VOTES TWO DAYS AGO.
THAT
PRESIDENT BUSH WOULD
TO WOULD CONTINUE
IS HEARD AND ITS
MR TSANG WAS CONFIDENT ADDING THAT THE HONG KONG GOVERNMENT EFFORT TO ENSURE THAT HONG KONG'S CASE TAKEN INTO ACCOUNT BY THE U.S. ADMINISTRATION.
NEW OPPORTUNITIES AND
59
VETO IT, MAKE EVERY INTERESTS
CHALLENGES HONG KONG AS WELL
IN EUROPE, THE FACING CAME FROM THE FORMATION OF THE SINGLE EUROPEAN MARKET AS THE POLITICAL AND ECONOMIC REFORMS IN CENTRAL AND EASTERN EUROPE.
CONSUMERS, THE
SINGLE
"WITH A TOTAL OF SOME 340 MILLION EUROPEAN MARKET OFFERS IMMENSE BUSINESS OPPORTUNITIES.
ALLOW FOR THE FREE WOULD LOGICALLY RESULT IN
"THE DISMANTLING OF INTERNAL BARRIERS -TO CIRCULATION OF GOODS, CAPITAL AND PEOPLE IMPROVED MARKET ACCESS.
IT "HOWEVER,
PROVIDES NO GUARANTEE THAT EUROPEAN COMMUNITY WILL BE EASY," MR TSANG SAID.
TRADE WITH
THE
/HE POINTED
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