FRIDAY, MAY 27, 1994
HK AND MANCHESTER FIGHT FOR FREE TRADE MOVEMENT
HONG KONG AND MANCHESTER HAVE BEEN ON THE SAME
GOVERNOR. FREE FIGHT FOR
AND OPEN MARKET, THE TRADE PATTEN, SAID DURING HIS VISIT CHRISTOPHER
IN
(THURSDAY).
MANCHESTER
SIDE IN THE
RT THE
HON TODAY
THE FREE TRADE MOVEMENT WHICH MANCHESTER
CHAMPIONED IN THE
1830S AND 1840S IS TODAY THE VERY ESSENCE OF HONG KONG'S WAY OF LIFE.
DELIVERING
AND
HONG HIGHER INCOMES AND
MANCHESTER LECTURE 1994 "MANCHESTER THE KONG A TALE OF TWO CITIES",
PATTEN SAID FREE TRADE MEANT MR
INCOMES
JOBS WHILE AND MORE
PROTECTIONISM DESTROYED JOBS ON BOTH SIDES OF THE TRADE BARRIERS.
REDUCED
UNION WAS MORE NOTING
NO MEMBER STATE OF THE EUROPEAN THAT
HONG COMMITTED TO LIBERALISING TRADE THAN THE UNITED KINGDOM, HE SAID
SUPPORT AND LEADERSHIP KONG
THE UNITED KINGDOM FOR LOOKED TO COUNTERING PROTECTIONISM.
IN
ASIA ALSO LOOKS TO BRITAIN TO CONTINUE TO CHAMPION THE CAUSE OF FREE TRADE, TO CHAMPION IT IN THE GATT AND ELSEWHERE.
OF HE SAID: "IN HONG KONG AND IN THE OTHER BOOMING ECONOMIES
EUROPE IS REGION, THE CASE FOR AN EXTROVERT, OPEN, FREE-TRADING REGARDED AS SELF-EVIDENT.
THE
"SO TOO THE CASE FOR ENSURING THAT EUROPE AVOIDS INDUSTRIAL AND COMMERCIAL SCLEROSIS.
"ASJAN
PROPONENTS COUNTRIES COULD BF EXPECTED TO CHEER ON THE
AND, THEY WOULD LOOK, OF A COMPETITIVE, DECENTRALISED EUROPEAN UNION.
OF NATURALLY ENOUGH, TO BRITAIN, OF ALL COUNTRIES, TO BE AT THE HEAD THOSE ARGUING FOR SUCH A EUROPE.
-
AS
TO
"THAT APPROACH IS SO OBVIOUSLY IN BRITAIN'S SELF-INTEREST
OTHER VERY HARD THAT THEY WOULD FIND ANY WELL AS EUROPE'S COMPREHEND," HE SAID.
THE GOVERNOR MADE IT CLEAR THAT FREE TRADE ENSURED THAT ECONOMIC GROWTH WAS NOT A ZERO-SUM GAME.
GLOBAL
"IT WAS PROTECTIONISM, NOT FREE TRADE, WHICH RESULTS IN BEGGAR- MY-NEIGHBOUR ECONOMICS.
UNDERSTAND WAS NO
HE HOPED EUROPE AND NORTH AMERICA WERE BEGINNING TO THAT THE SUCCESS OF HONG KONG AND MANY OTHER PARTS OF ASIA THREAT TO THEIR OWN PROSPERITY AND THEIR OWN WAY OF LIFE.
THE
ON THE FUTURE OF HONG KONG, MR PATTEN SAID HE BELIEVED IF
WOULD HAVE A WAS IMPLEMENTED IN FULL, HONG KONG DECLARATION SPECTACULAR FUTURE.
JOINT
"IT WILL PLAY THE ROLE IN RELATION TO THE CHINESE ECONOMY WHICH NEW MANCHESTER PLAYED IN THE BRITISH INDUSTRIAL REVOLUTION AND WHICH YORK PLAYED IN THE OPENING UP OF THE AMERICAN CONTINENT.
/"IF THE
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