TUESDAY, FEBRUARY 1, 1994
10
DANISH INVESTORS INVITED TO HK
THE SECRETARY
* * * * *
FOR TRADE AND INDUSTRY, MR TH CHAU, TODAY (TUESDAY, DANISH TIME) INVITED DANISH ENTREPRENEURS TO INVEST IN HONG KONG AND BE A PART OF ITS SUCCESS.
—
ADDRESSING THE ANNUAL DINNER OF DENMARK-HONG KONG ASSOCIATION IN COPENHAGEN, MR CHAU SAID HONG KONG OFFERED MANY OPPORTUNITIES - AS A MARKET FOR DANISH PRODUCTS, AS A BASE FOR MANUFACTURING OR SERVICE OPERATIONS, AND AS A CENTRE FOR DOING BUSINESS IN CHINA AND THE REST OF THE REGION.
"HONG KONG IS A MARKET OF INCREASINGLY AFFLUENT AND SOPHISTICATED CONSUMERS, WHO ENJOY THE GOOD THINGS OF LIFE AND CAN AFFORD TO PAY FOR THEM.
HAS
"IN FACT, BILATERAL TRADE BETWEEN HONG KONG AND DENMARK BEEN GROWING BY AN ANNUAL AVERAGE OF 15 PER CENT OVER THE PAST FIVE YEARS, WITH THE TRADE BALANCE IN DENMARK'S FAVOUR," HE SAID.
IMPORTS FROM DENMARK IN 1992 INCREASED BY MORE THAN 25 PER CENT BY COMPARISON WITH THE PREVIOUS YEAR, TO REACH 1.5 BILLION KONG DOLLARS, HE ADDED.
MR CHAU SAID THE TERRITORY'S GROWING STRENGTH AS A CENTRE, NOT JUST FOR HONG KONG, BUT ALSO FOR MUCH OF SOUTHERN MADE IT THE IDEAL STARTING POINT FOR INVESTMENT IN THE REGION.
HONG
SERVICE CHINA,
HE NOTED THAT CARLSBERG, THE FAMOUS DANISH BREWER WHICH ESTABLISHED A BREWERY IN ONE OF HONG KONG'S SPECIALLY FORMED INDUSTRIAL ESTATES IN 1981, HAD NOW EXPANDED INTO CHINA, THAJLAND, MALAYSIA AND THE PHILIPPINES.
A NEW AGREEMENT TO PROMOTE AND PROTECT INVESTMENT BY DANISH INVESTORS IN HONG KONG AND VICE VERSA WOULD BE SIGNED TOMORROW BETWEEN THE HONG KONG AND THE DANISH GOVERNMENTS, MR CHAU SAID.
"THE AGREZMENT WILL OFFER DANISH INVESTORS THE ASSURANCE THAT THEIR INVESTMENTS IN HONG KONG WILL BE PROTECTED, NOT JUST DURING THE TRANSITION FROM BRITISH TO CHINESE SOVEREIGNTY, BUT MANY YEARS BEYOND THAT,
HE SAID.
"THIS NEW AGREEMENT SYMBOLISES HONG KONG'S WELCOMING ATTITUDE TO FOREIGN INVESTMENT, MR CHAU ADDED.
STRUCTURE OF COUNCIL ON PROFESSIONAL CONDUCT IN EDUCATION FINALISED
THE DIRECTOR OF EDUCATION, MR DOMINIC SW WONG, TODAY (TUESDAY) ANNOUNCED THE FINALISED STRUCTURF OF THE FOUNCIL ON PROFESSIONAL CONDUCT IN EDUCATION.
"SCHOOLS AND EDUCATIONAL ORGANISATIONS HAVE ALREADY BEEN NOTIFIED, AND NOMINATIONS FOR CANDIDATES WILL BE ACCEPTED UNTIL
MARCH 2.
/"I HOPE