FRIDAY, MARCH 19, 1993
OUR COMPANIES ARE ΤΟ PRACTISE PREDATORY
"HONG KONG HAS A COMPLETELY OPEN MARKET. GENERALLY SMALL AND DO NOT HAVE THE RESOURCES STRATEGIES," HE ADDED.
THEREFORE, THE HONG KONG GOVERNMENT HAS STEPPED UP ITS FIGHT AGAINST THE MISUSE OF ANTI-DUMPING.
THE TRADE DEPARTMENT WORKS CLOSELY WITH HONG KONG'S OVERSEAS ECONOMIC AND TRADE OFFICES TO MONITOR PROCEEDINGS AND PROVIDE EARLY WARNING TO THE TRADE WHERE POSSIBLE.
IF PROCEEDINGS ARE INITIATED, THE DEPARTMENT WILL MEET WITH TRADERS TO PROVIDE ADVICE ON THE LAWS AND PRACTICES OF THE IMPORTING AUTHORITIES.
TRADERS ARE USUALLY STRONGLY ENCOURAGED TO PARTICIPATE IN THE INVESTIGATION TO DEFEND THEIR INTERESTS.
THE DEPARTMENT ALSO EXAMINES ALL AVAILABLE INFORMATION FROM THE COMPLAINANT TO ENSURE THAT PROCEEDINGS ARE IN ACCORDANCE WITH THE GATT ANTI-DUMPING CODE, AND THAT HONG KONG COMPANIES ARE NOT UNFAIRLY · TREATED.
"WHERE APPROPRIATE, WE MAKE REPRESENTATIONS TO THE IMPORTING AUTHORITIES. IF CIRCUMSTANCES SO WARRANT, WE WOULD HAVE NO HESITATION IN SEEKING BILATERAL CONSULTATIONS OR EVEN ESCALATING THE MATTER TO THE MULTILATERAL FORUM, MR TSANG EXPLAINED.
ON
MULTILATERALLY, MR TSANG REGRETTED THAT MAJOR DISAGREEMENTS ALMOST ALL FRONTS BETWEEN EXPORTING AND IMPORTING COUNTRIES REMAINED AFTER SIX YEARS OF DIFFICULT NEGOTIATIONS IN THE URUGUAY ROUND (UR) OF TRADE TALKS.
"WE NOW HAVE AN ARBITRATED TEXT BY THE CHAIRMAN OF THE NEGOTIATING GROUP, WHICH FALLS FAR SHORT OF OUR EXPECTATIONS.
"ALTHOUGH WE ARE NOT ENTIRELY HAPPY WITH IT, WE HAVE INDICATED THAT WE ARE PREPARED TO ACCEPT IT AS PART OF THE DRAFT FINAL ACT ΤΟ PUSH FORWARD THE CONCLUSION OF THE UR.
"WE HAVE HOWEVER MADE IT CLEAR THAT WE WILL OPPOSE MOST VIGOROUSLY ANY CHANGES TO THE DRAFT ANTI-DUMPING TEXT WHICH WILL WORK AGAINST HONG KONG'S INTEREST, HE CONCLUDED.
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