10
THURSDAY, FEBRUARY 27, 1992
HE POINTED OUT THAT THERE WERE
COULD THAT THE SINGLE EUROPEAN MARKET DISGUISE.
AMONG CONCERNS BECOME
"FORTRESS
EUROPE"
LOCAL TRADERS IN
"THERE
ARE
ALSO
COMPETITION FEARS NON-EUROPEAN COMMUNITY ECONOMIES WOULD LEAD TO THE INTENSIFICATION PROTECTIONISM FROM DOMESTIC INDUSTRIES WITHIN THE COMMUNITY.
INCREASED THAT
FROM OF
"THE GOVERNMENT WILL
CLOSELY
MONITOR
AND DEVELOPMENT
ALERT
LOCAL TRADERS OF POTENTIAL HAZARD," HE SAID.
MR TSANG DESCRIBED EASTERN EUROPEAN COUNTRIES AS "A TREMENDOUS POTENTIAL".
"THESE COUNTRIES' MOVE TOWARDS THE MARKET SIGNIFICANT IMPLICATION FOR US, HE SAID.
11
MARKET OF
ECONOMY COULD HAVE
HE ADMITTED THAT TRADING WITH THESE COUNTRIES ARE ITS UNCERTAINTIES.
NOT WITHOUT
"PROBLEMS ASSOCIATED WITH HARD CURRENCY DEFICIENCIES,
BURDEN
APPROPRIATE ECONOMIC AND FINANCIAL ECONOMIC CONDITIONS IN DOING BUSINESS WITH
AND POLITICAL EXTREME CAUTION IN
OF EXTERNAL DEBTS, THE LACK OF INFRASTRUCTURE AND THE FLUID THESE COUNTRIES ALL CALL FOR THEM, MR TSANG SAID.
++
BUT HE WAS SURE THAT CHALLENGE IN A TIMELY MANNER.
LOCAL TRADERS COULD FACE UP TO
THIS
то HOME, RETURNING CLOSER REGION WAS LIKELY TO BECOME AN EVEN FOR HONG KONG.
MR
TSANG SAID THE ASIA-PACIFIC MORE IMPORTANT TRADING PARTNER
AMOUNT
"HONG KONG'S TOTAL IMPORTS WITH THE ASIA-PACIFIC REGION TO SOME 80 PER CENT OF HONG KONG'S TOTAL IMPORTS FROM THE WORLD.
"WITH INCREASED POLITICAL STABILITY, THE ECONOMIES OF THE ASIA- PACIFIC WILL GROW EVEN MORE RAPIDLY.
"THE PEACE
IN
KAMPUCHEA,
THE
DIALOGUE RELATIONSHIP
REACHED AGREEMENTS
OF NORMALISATION BETWEEN NORTH AND SOUTH KOREA AND THE
GREAT DEAL IN NURTURING THE BETWEEN CHINA AND VIETNAM SHOULD DO A
ECONOMIC PROPER ECONOMIC CLIMATE AS WE ENTER INTO AN ERA OF PEACE AND ENHANCEMENT," MR TSANG SAID.
INTO THE LASTLY, HE SAID THE ADMISSION LAST YEAR OF HONG KONG
ECONOMIC CO-OPERATION WOULD ASIA PACIFIC
DEFINITELY BRING FORWARD THE COMING OF AGE OF HONG KONG AS AN INTERNATIONAL PLAYER.
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