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THURSDAY, NOVEMBER 26, 1992

GOVERNOR PRAISES JAPAN/HK BUSINESS COMMITTEE

THE GOVERNOR, THE RT HON CHRISTOPHER

PATTEN, THIS

AND

(THURSDAY}

ECONOMIC

MORNING OUTLINED HIS THOUGHTS ON THE POLITICAL DEVELOPMENT OF HONG KONG.

IN HIS FIRST SPEECH TO THE JAPAN/HONG KONG, HONG KONG/JAPAN BUSINESS CO-OPERATION COMMITTEE IN TOKYO, MR PATTEN PRAISED THE COMMITTEE FOR BEING A "FORUM WHICH PRODUCES ACTIONS NOT JUST WORDS"

ITS SUCCESSES INCLUDED:

THE REMOVAL OF ALL ITEMS ON THE HONG KONG EXCLUSION LIST UNDER THE JAPANESE GENERAL SCHEME OF PREFERENCES;

ENCOURAGING THE JAPANESE TOY ASSOCIATION HONG KONG TESTING CENTRES WHICH GRANT THE ON ITS BEHALF; AND

ΤΟ RECOGNISE TWO "SAFE ΤΟΥ" MARK

BEING INSTRUMENTAL IN HELPING TO ESTABLISH A SHEET METAL PROCESSING UNIT SUPPORTED BY THE JAPANESE GOVERNMENT AT HONG KONG'S VOCATIONAL TRAINING CENTRE.

"ALL THIS HAS HELPED TO STRENGTHEN THE INCREASINGLY CLOSE ECONOMIC RELATIONSHIP BETWEEN HONG KONG AND JAPAN, MR PATTEN SAID.

THE GOVERNOR POINTED OUT LARGEST TRADING PARTNER AND WAS HONG KONG,

MR PATTEN ALSO LISTED ACHIEVEMENTS INCLUDING:

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THAT JAPAN WAS HONG KONG'S THIRD CURRENTLY THE BIGGEST INVESTOR IN

SOME OF HONG KONG'S ECONOMIC

LOW AND PREDICTABLE TAXES;

LOW AND CONTROLLED PUBLIC EXPENDITURE;

MAXIMUM SUPPORT FOR INDUSTRY AND MINIMUM INTERFERENCE.

AS PART OF THE CONDITIONS FOR FUTURE SUCCESS, THE

HONG

MENTIONED CONTINUING INVESTMENT IN

KONG'S INFRASTRUCTURE AND "INVESTMENT IN OUR SOCIAL INFRASTRUCTURE, EDUCATION, SOCIAL WELFARE, HOSPITAL SERVICES, AND STANDING HONG KONG'S WAY OF LIFE AS DESCRIBED IN THE JOINT DECLARATION.

MR PATTEN ALSO OUTLINED TO THE BUSINESS CO-OPERATION HIS PROPOSALS FOR THE 1995 LEGISLATIVE COUNCIL ELECTIONS.

GOVERNOR PHYSICAL SUCH AS UP FOR

COMMITTEE

HE STRESSED THAT THEY WERE "EXACTLY THAT PROPOSALS" AND WELCOMED OTHER PROPOSALS AND IDEAS, PROVIDED THEY MEANT THE ARRANGEMENTS FOR THE 1995 ELECTIONS WOULD BE

OPEN, ACCEPTABLE TO THE PEOPLE OF HONG KONG.

HE

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