THURSDAY, MARCH 19, 1992
STI COMMENTS ON MFN VOTE
SUPPORTERS OF THE BILL ATTACHING CONDITIONS TO THE
CHINA'S
NATION MOST FAVOURED (WEDNESDAY) FAILED TO OVERRIDE SENATE. THE VOTE WAS 60 TO 38.
COMMENTING ON THIS,
THE
(MFN) TRADING PRESIDENTIAL
RENEWAL OF
STATUS VETO IN
YESTERDAY THE U.S.
INDUSTRY,
THE SECRETARY FOR TRADE AND FELL SHORT OF THE TWO-THIRDS MAJORITY MR T.H. CHAU SAID THE VOTE
BILL WAS THEREFORE REQUIRED TO OVERRIDE THE PRESIDENTIAL VETO. DEAD.
THE
THE
CANNOT "UNFORTUNATELY THIS IS NOT THE END OF THE MATTER AND WE
THE U.S. LEGISLATION, RELEVANT AFFORD TO BE COMPLACENT. UNDER
STATUS FOR CHINA ON AN ANNUAL PRESIDENT HAS TO RENEW MFN TRADING
CAN BE BASIS. HE HAS TO DO SO BY JUNE 3 EVERY YEAR BUT HIS DECISION
RESOLUTION. THE CONGRESS COULD ALSO OVERTURNED BY A CONGRESSIONAL
IMPOSE CONDITIONS ON INTRODUCE A NEW BILL IN YET ANOTHER ATTEMPT TO THE RENEWAL OF CHINA'S MFN STATUS."
BUSH, "PRESIDENT
IN HIS
MESSAGE
TO THE CONGRESS
EARLIER
THIS MONTH WHEN HE VETOED THE BILL, MADE PARTICULAR REFERENCE TO KONG'S ECONOMIC WELL-BEING.
"
"WE BELIEVE THAT HE WILL
KONG'S TAKE INTO
HONG ACCOUNT ON THE 3,
RENEWAL OF MFN TRADING INTERESTS IN DECIDING, BY JUNE STATUS FOR CHINA FOR ANOTHER YEAR," MR CHAU SAID.
HE ADDED THAT THE GOVERNMENT WOULD CONTINUE TO
RENEWAL PRIVATE SECTOR IN SUPPORT OF TRADING STATUS.
UNCONDITIONAL
WORK WITH THE MPN OF CHINA'S
GOVT INVESTS A LOT TO HELP INDUSTRIES
IN
THE GOVERNMENT IS INVESTING A GREAT DEAL OF CAPITAL AND EFFORT PROVIDING A SOUND INDUSTRIAL INFRASTRUCTURE, TRADE AND INDUSTRY, MR T.H. CHAU, SAID.
THE
SECRETARY
FOR
SPEAKING AT A LUNCHEON HOSTED BY THE DIRECTORS OF PO LEUNG KUK THIS (THURSDAY) AFTERNOON, MR CHAU SAID WHILE BUSINESS DECISIONS LEFT TO BUSINESSMEN, IT DID NOT MEAN THAT THE GOVERNMENT DID TO SUPPORT THE INDUSTRIES.
WERE
NOTHING
"OUR
TO AIM IS TO CREATE AN ENVIRONMENT WHICH IS FAVOURABLE INVESTMENT, AND WHICH ENABLES INDUSTRY TO FUNCTION EFFICIENTLY; AS WELL AS TO PROVIDE SUPPORT SERVICES WHICH ENABLE INDUSTRY TO IMPROVE ITS COMPETITIVENESS THROUGH PRODUCTIVITY GROWTH, QUALITY IMPROVEMENT
AND PRODUCT INNOVATION.
/"WE ALSO