SATURDAY, OCTOBER 16, 1993
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HK AND NORWAY REACHED TEXTILES AGREEMENT
THE TRADE DEPARTMENT ANNOUNCED TODAY (SATURDAY) THAT FOLLOWING CONSULTATIONS WITH THE NORWEGIAN DELEGATION IN OSLO EARLIER THIS WEEK, AN AGREEMENT WAS REACHED AD REFERENDUM BETWEEN HONG KONG AND NORWAY YESTERDAY FOR AN EXTENSION OF THE HONG KONG/NORWAY TEXTILES AGREEMENT.
YEAR
THE CURRENT AGREEMENT, WHICH EXPIRES ON DECEMBER 31, THIS WILL BE EXTENDED FOR A MAXIMUM OF TWO YEARS UNTIL DECEMBER 31, 1995.
ALTHOUGH THE NUMBER OF CATEGORIES SUBJECT TO QUOTA RESTRAINT REMAINS THE SAME, THERE ARE IMPROVEMENTS IN GROWTH RATES,
FLEXIBILITY PROVISIONS AND UPLIFTS.
COMMENTING ON THE OUTCOME OF THE ASSISTANT DIRECTOR-GENERAL OF TRADE AND DELEGATION MS MARIA KWAN, SAID:
CONSULTATIONS FROM OSLO, LEADER OF THE HONG KONG
"THE NEW AGREEMENT SHOULD IMPROVE OPPORTUNITIES FOR ACCESS TO THE NORWEGIAN MARKET FOR HONG KONG TRADERS."
THE CURRENT HONG KONG/NORWAY TEXTILES QUOTA CATEGORIES AND ONE SURVEILLANCE ITEM.
ABOUT 38 PER CENT CLOTHING FROM HONG KONG TO CURRENT AGREEMENT.
AGREEMENT COVERS THREE
OF THE TOTAL EXPORTS OF TEXTILES AND NORWAY LAST YEAR WERE COVERED BY THE
DETAILS OF THE ADMINISTRATIVE
TO THE TRADE IN DUE COURSE.
ARRANGEMENT WILL BE NOTIFIED
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CU TO TRIGGER CONTINUING SUCCESS OF HK AND SOUTHERN CHINA
THE CHINESE UNIVERSITY OF HONG KONG, WHICH HAS ALREADY ESTABLISHED A REGIONAL AND GLOBAL REPUTATION FOR SCHOLARSHIP, WILL UNDOUBTEDLY BE ONE OF THE TRIGGERS FOR THE CONTINUING SUCCESS OF THE TERRITORY.
ADDRESSING THE UNIVERSITY'S 30TH ANNIVERSARY BANQUET TONIGHT (SATURDAY), MRS PATTEN SAID IT WOULD ALSO TRIGGER THE CONTINUING ADVANCE OF SOUTHERN CHINA.
MRS PATTEN SAID THE UNIVERSITY HAD BEEN PLAYING IMPORTANT ROLES IN THE HONG KONG COMMUNITY.
THE
"SO YOU'LL BE PLAYING A PART IN MAKING HONG KONG AND THE REGION MORE AND MORE PROSPEROUS, BECAUSE WE ALL KNOW THAT IN THE FUTURE, WEALTH OF A COMMUNITY IS GOING TO DEPEND EVEN MORE ON ITS KNOWLEDGE AND ITS SKILLS.
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