MONDAY, FEBRUARY 8, 1993
"THIS WILL ENSURE THAT THE BEST POSSIBLE RESULTS ACHIEVED WHEN THE PROPOSALS ARE PUT INTO PRACTICE, HE ADDED.
WILL BE
VIEWS,
MR
CALLING ON MEMBERS OF THE CHAMBER TO EXPRESS THEIR EMPHASISED THE IMPORTANCE OF THE PROPOSALS то THE LONG-TERM INTERESTS OF HONG KONG.
LAM
ANTI-DUMPING PROCEEDINGS AGAINST HK NOT JUSTIFIED
THE GOVERNMENT SUBMITTED A REPRESENTATION TO THE COMMISSION OF THE EUROPEAN COMMUNITY LAST THURSDAY (FEBRUARY 4) SETTING OUT WHY THE ANTI-DUMPING PROCEEDINGS AGAINST 3.5" MAGNETIC DISCS ORIGINATING IN HONG KONG SHOULD BE TERMINATED.
AT
A
CONFERENCE
TODAY
PRESS
(MONDAY), ASSISTANT DIRECTOR-GENERAL OF TRADE, MS MARIA KWAN SAID: "BASED ON INFORMATION AVAILABLE, WE HAVE DOUBTS THAT THE INITIATION OF ANTI-DUMPING PROCEEDINGS AGAINST 3.5" MAGNETIC DISCS ORIGINATING IN HONG KONG JUSTIFIED.
"VERY FLIMSY EVIDENCE OF DUMPING HAD BEEN PUT FORWARD.
IS
"WE ARE NOT CONVINCED THAT THE COMMUNITY INDUSTRY HAD SUFFERED INJURY OR THAT IT HAD BEEN CAUSED BY DUMPING BY HONG KONG COMPANIES. WE ALSO FEEL THAT THE COMPLAINANT IS NOT REPRESENTATIVE OF THE COMMUNITY INDUSTRY CONCERNED.
* THE
COMMISSION MAY TAKE A WHILE REPRESENTATION," MS KWAN SAID.
то CONSIDER THE
"SO IT IS NOT LIKELY THAT WE WOULD GET AN OUR ECONOMIC AND TRADE OFFICE IN BRUSSELS WILL MATTER."
OF
IMMEDIATE RESPONSE. FOLLOW UP ON THE
SHE EMPHASISED THAT THE TRADE DEPARTMENT, WITH THE ASSISTANCE THE OVERSEAS OFFICES, ALWAYS MONITOR REGARDING ANTI-DUMPING ACTION AGAINST HONG INITIATION IS NOT BASED ON FRIVOLOUS COMPLAINTS COMPANIES WOULD NOT BE UNFAIRLY TREATED.
CLOSELY DEVELOPMENTS KONG ΤΟ ENSURE THAT AND THAT HONG KONG
"THE BUSINESS COMMUNITY CAN REST ASSURED THAT THE GOVERNMENT WOULD DO ALL IT CAN TO SAFEGUARD HONG KONG'S INTEREST," MS KWAN SAID.
PROCEEDINGS AGAINST 3.5" MAGNETIC DISCS ORIGINATING IN HONG KONG WERE INITIATED BY THE EUROPEAN COMMISSION ON SEPTEMBER 18, 1992.
THE INVESTIGATION IS UNDERWAY. FOUR LOCAL COMPANIES HAVE RESPONDED TO THE COMMISSION'S QUESTIONNAIRE AND ARE AWAITING ON-SITE VERIFICATION OF THEIR DATA BY COMMISSION OFFICIALS.
EXPORTS OF UNRECORDED MAGNETIC DISCS TO THE EC CONTINUE TO DECLINE. FOR THE FIRST 11 MONTHS OF 1992, EXPORTS CAME TO HK $111 MILLION AND SHOWED A DROP OF 38 PERCENT AS COMPARED WITH THE CORRESPONDING PERIOD IN 1991.
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