THURSDAY, JUNE 23, 1994
THERE
REGION WAS
IN 1993, HONG KONG'S TOTAL TRADE WITH ECONOMIES IN THE GREW
IN THE FIRST QUARTER OF 1994 ALONE, BY 13 PER CENT. ANOTHER 10 PER CENT TO 11 PER CENT GROWTH, MISS YUE SAID.
FOR
THE ACCUMULATION OF MANAGEMENT KNOW-HOW AND CONTACTS WITH EMERGING MARKETS IN ASIA MAKES HONG KONG AN EXCELLENT LAUNCH-PAD THESE MARKETS.
SET
THIS HAD BEEN RECOGNISED BY MANY MULTINATIONAL ENTERPRISES EVIDENCED BY THE FACT THAT SOME 1,500 OVERSEAS COMPANIES HAD REGIONAL HEADQUARTERS AND REPRESENTATIONAL OFFICES IN HONG KONG, YUE SAID.
AS
UP
MISS
SHE NOTED THAT SUBSTANTIAL TRADE AND ECONOMIC OPPORTUNITIES ALSO EXISTED IN THE STARTLING GROWTH OF HONG KONG'S RE-EXPORT TRADE.
HONG KONG "IN THE LAST DECADE, TOTAL RE-EXPORT TRADE BETWEEN AND CHINA GREW BY NINE-FOLD, FROM US$3.6 BILLION TO US$35.2 BILLION.
YEAR, HONG
"LAST
KONG RE-EXPORTED GOODS
FROM BILLION
CHINA TO THE EUROPEAN COMMUNITY, AND US$3.7 BILLION FROM THE EUROPEAN COMMUNITY TO CHINA,
AT VALUED
*
VALUED GOODS
MISS YUE SAID.
US$14.3 AT
OF
WAS
GEOGRAPHICAL ADVANTAGE AMPLE REFLECTION OF THE THIS HONG KONG AS THE GATEWAY TO CHINA AND THE WINDOW FOR CHINA TO THE REST OF THE WORLD, SHE SAID.
-
TRADE SANCTIONS IMPAIR FREE TRADE D-G OF TRADE
THE DIRECTOR-GENERAL OF TRADE, MR TONY MILLER, TODAY (THURSDAY) EMPHASISED THE IMPORTANCE OF FREE TRADE AND DENOUNCED THE USE OF TRADE SANCTIONS AS
AND A LEVER FOR IMPROVING LABOUR RIGHTS PROTECTION.
OF
ENVIRONMENTAL
ENGINE "WHATEVER THEIR THE
HE HAILED FREE TRADE AS "THE MOST EFFICIENT AND DYNAMIC
AND WARNED THAT GROWTH THERE COULD POSSIBLY BE, MOTIVATION,
LIKE SAND IN SANCTIONS,
A GEARBOX, IMPAIR EFFICIENCY OF THAT MACHINE.
TRADE
MR MILLER
MULTILATERAL
WAS
Th
IN
WAY FORWARD SPEAKING HIS THOUGHTS ON THE TRADE DISCUSSIONS LINKING TRADE AND ENVIRONMENTAL TO THE POLICIES, AND TRADE AND COMPETITION POLICIES, IN AN ADDRESS
CANADA BUSINESS ASSOCIATION IN TORONTO.
HONG KONG
-
UNDERLINING
WORKING
USE
THE SIGNIFICANCE OF FREE TRADE
HE SPOKE INTERNATIONALLY" AS HE TERMED 17,
THE
OF TRADE SANCTIONS FOR NON-TRADE ENDS AND SHARED VIEWS RECENTLY EXPRESSED BY THE CANADIAN TRADE MACLAREN.
IN
"THE FREE MARKET STRONGLY AGAINST SAID HONG KONG MINISTER, MR ROY
LABOUR
AND
HARDLY
MR MACLAREN HAD SAID: "IT ALWAYS STRIKES ME AS PARADOXICAL THAT ANY
ON DISCUSSION
WHENEVER FREE TRADE, THAT ENVIRONMENT COME UP, IMMEDIATELY YOU GO TO TRADE SANCTIONS COMPATIBLE WITH A FREER TRADE ARRANGEMENT."
—
/MR MILLER
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