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TUESDAY, JUNE 7, 1994

THESE WILL CONTINUE TO BE SUPPLEMENTED BY THE INDUSTRY DEPARTMENT'S "GUIDE ΤΟ POLLUTION CONTROL LEGISLATION AFFECTING MANUFACTURING INDUSTRIES"

THE PUBLICATION, DISTRIBUTED FREE OF CHARGE TO 7,000 MANUFACTURERS AND INDUSTRIAL ORGANISATIONS, WILL CONTINUE UPDATED TO CATER FOR INDUSTRY'S NEEDS.

TO BE

THE OVERALL FOCUS OF THE SUPPORT MEASURES WILL BE ON POLLUTION PREVENTION AND CONTROL. THIS INCLUDES WASTE MINIMISATION AND REDUCTION AS WELL AS GENERAL UPGRADING OF PRODUCTION PROCESSES.

PRINCIPAL DEVELOPMENTS IN INTERNATIONAL TRADE

CHRISTOPHER JACKSON,

IN THE WEST ABOUT BIG,

THE EMERGENCE

OF

THE DEPUTY DIRECTOR-GENERAL OF TRADE, MR

CONCERN TODAY (TUESDAY) WARNED OF GROWING EMERGING, LOW-WAGE EXPORTERS AS WELL AS PROTECTIONISM IN NEW FORMS.

TRADE 80

FAR IT

HOWEVER, HE SAID HONG KONG'S COMMITMENT TO FREE HAD ALLOWED HER TO AVOID EXCESSES OF PROTECTIONISM, BOTH BY MAKING DIFFICULT TO JUSTIFY TRADE ACTION AGAINST HONG KONG AND BY KEEPING HER ECONOMY ADAPTABLE.

AND "THAT COMMITMENT TO FREE TRADE SYSTEM AND THAT ADAPTABILITY WILL CONTINUE KONG'S SUCCESS, HE SAID.

THE MULTILATERAL TRADING TO BE THE

TO HONG

KEY

IN

MEETING OF THE ROTARY INTERNATIONAL TRADE

MR JACKSON WAS SPEAKING AT A LUNCHEON DEVELOPMENTS CLUB OF PENINSULA ON PRINCIPAL AND WHAT THEY MEANT TO THE HONG KONG BUSINESSMAN.

DEVELOPMENTS

OTHER HE ALSO SPOKE OF TWO TRENDS THE GROWING IMPACT AND STRENGTH OF DISCIPLINES, AND A BROADER RECOGNITION OF BENEFITS AND FREE TRADE.

WHICH WERE HELPFUL INTERNATIONAL TRADE OF MARKET FORCES

BIG, EMERGING,

то LIMITED

ON THE GROWING CONCERN IN SOME COUNTRIES ABOUT

MR JACKSON LOW-WAGE EXPORTERS,

SAID IT WAS NOT TRADITIONAL WESTERN MARKETS IN NORTH AMERICA AND EUROPE.

THE

"A VERY BROAD-RANGING AND SUDDENLY INTRODUCED ANTI-DUMPING CASE INRODUCED BY MEXICO A YEAR AGO AGAINST CHINA-MADE PRODUCTS WAS AN EXAMPLE THAT AFFECTED SOME $3 BILLION WORTH OF ANNUAL HONG KONG RE- EXPORT TRADE," HE SAID.

A

JAPAN

"EUROPEAN UNION QUOTAS ON A RANGE OF CHINA-MADE PRODUCTS ARE

IS THE MORE RECENT EXAMPLE; THE MOST RECENT

SUGGESTION THAT MAY PLACE LIMITS ON IMPORTS OF CHINA-MADE TEXTILES AND GARMENTS.

ΤΟ ANY

"THESE ARE ALL SYMPTOMS OF A FEAR FOCUSED ON CHINA AT PRESENT BUT WHICH QUICKLY ATTACHES

LOW-WAGE ECONOMY WITH A LARGE WORKFORCE THAT BEGINS TO INCREASE PRODUCTIVITY AND ITS EXPORTS WEALTHIER ECONOMIES.

ΤΟ

/"AND THEY

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