WEDNESDAY, MARCH 4, 1992
- 5
"THERE ARE PROTECTIONIST CLOUDS ON THE HORIZON, ALTHOUGH PREPARING THE BUDGET FORECASTS I HAVE ASSUMED THAT WE WILL BE ABLE SUCCESSFULLY DEFEND OUR ACCESS TO EXPORT OUTLETS DURING 1992.
az
IN
ΤΟ
"WE ATTACH MUCH IMPORTANCE TO THE URUGUAY ROUND OF MULTILATERAL ΤΟ ACHIEVE THE NEGOTIATIONS AND VIGOROUSLY SUPPORT EFFORTS TRADE
** HE SAID. MAXIMUM LIBERALISATION POSSIBLE FOR WORLD TRADE,
A MORE IMMEDIATE ANXIETY, HOWEVER, WAS TRADE RELATIONS CHINA AND THE UNITED STATES.
BETWEEN
MR MACLEOD SAID HONG KONG WAS NOT DIRECTLY INVOLVED NEGOTIATIONS.
IN
THESE
ITS
"BUT
OF TERRITORY HAS A GREAT DEAL AT STAKE BECAUSE THE HEAVY INVESTMENTS IN CHINA, THE MANUFACTURING CAPACITY WE HAVE CREATED EACH OTHER'S IN GUANGDONG AND THE FACT THAT HONG KONG AND CHINA ARE LARGEST TRADING PARTNER.
SAID
11
HONG KONG
HE
WAS RELIEVED THAT INTELLECTUAL PROPERTY WAS SOLVED.
TRADE THE
ISSUR ON
ON STATUS
"WE HOPE THAT A SETTLEMENT WILL ALSO BE FOUND FOR THE ISSUE MARKET OPENING MEASURES, AND THAT CHINA'S MOST FAVOURED NATION IN THE UNITED STATES WILL BE RENEWED.
"WE SHALL PROCESS, HE SAID.
CONTRIBUTION CONTINUE TO MAKE A POSITIVE
TO THIS
INFLATION MUST BE REVIEWED REALISTICALLY: FS
THE
MACLEOD, TODAY CONFIDENT ABOUT
OF EXPANSION FURTHER
THE OPPORTUNITIES IN PROSPECTS FOR AN
THE
FINANCIAL SECRETARY,
HAMISH HON (WEDNESDAY) SAID THAT WHILE HE COULD BE REASONABLY ROBUST GROWTH IN GDP THIS YEAR, ABOUT INTERNATIONAL
AND ABOUT INCREASED BUSINESS TRADE SOUTHERN
HE WAS LESS OPTIMISTIC ABOUT THE CHINA, EARLY AND SIGNIFICANT FALL IN THE RATE OF INFLATION.
TREND," THE FINANCIAL "THIS IS DESPITE THE RECENT DOWNWARD
THE LEGISLATIVE SECRETARY SAID IN HIS BUDGET SPEECH FOR 1992-93 TO COUNCIL.
ABOUT
MR MACLEOD SAID THE COMMUNITY WAS UNDERSTANDABLY WORRIED RISING PRICES, AND IT WAS ONLY RIGHT THAT HE REVIEWED THE PROSPECTS ON THIS FRONT FRANKLY AND REALISTICALLY.
"THIS
OF
YEAR WILL SEE A FURTHER RISE IN THE REAL GROWTH RATE
THIS EXPANSION IN ECONOMIC TO 5%, AS I HAVE ALREADY EXPLAINED.
HE SAID. ACTIVITY WILL BRING HIGHER INCOMES,
GDP
BUT, AT
TH
THE SEVERE
THE SAME TIME, IT MUST INEVITABLY ADD TO PRESSURES ON EXISTING RESOURCES, PARTICULARLY OF LABOUR AND LAND.
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