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APEC Finance Ministers Meeting
The Secretary for the Treasury, Mr K C Kwong, will lead a Hong Kong delegation to take part in the Asia Pacific Economic Co-operation (APEC) Finance Ministers Meeting in Indonesia on April 15 and 16.
Ministers of the 18 APEC member economies will attend the conference which will be held at the Grand Bali Beach Hotel.
The major issues to be discussed will include the recent economic developments in APEC member economies, issues associated with capital movements among member economies, effects of exchange rate movements on trade and investment in the region, and resource mobilisation for financing infrastructure development.
End Tuesday, April 11, 1995
Volume and price movements of external trade in January 1995
The volume of re-exports in January 1995 increased by 22% over January 1994, while the volume of domestic exports increased by 16%, according to the statistics released today (Tuesday) by the Census and Statistics Department.
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Taking re-exports and domestic exports together, the volume of total exports increased by 21%. Meanwhile, imports increased by 24% in volume.
The growth in the volume of trade is derived from the growth in trade values with the effect of price changes being discounted.
As regards price changes over the same period of comparison, the prices of re- exports and domestic exports increased by 2.9% and 2.0% respectively. Import prices increased by 5.4%.
Price changes are reflected by changes in unit value indices, which are compiled based on average unit values or, for certain commodities, based on specific price data.