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Hong Kong's participation in OECD
Following is a question by the Hon Miss Emily Lau Wai-hing and a written reply by the Secretary for Trade and Industry, Miss Denise Yue, in the Legislative Council today (Wednesday):
Question:
Reply:
Will the Government inform this Council:
(a)
(b)
(c)
Mr President,
whether it knows of the criteria adopted by the Organisation for Economic Co-operation and Development (OECD) for classifying whether a country is a developed country;
whether the OECD has carried out any assessment regarding the category into which Hong Kong should be put; if so, what category does Hong Kong come under; and
if the answer to (b) is in the affirmative, whether the Government is aware of the factors which the OECD has taken into account in classifying Hong Kong; whether the Government has assessed the impact of the influx of Chinese immigrants in recent years on the territory's economy and whether such impact will be helpful to Hong Kong in obtaining the 'developed territory' classification from the OECD?
The OECD does not have a category of "developed country" in its classifications.
Purely to provide a guide to aid patterns in a changing world and to form the basis for the collection of comprehensive and comparable statistical information on aid and other resource flows, the OECD Development Assistance Committee (DAC) compiles a list entitled the "DAC List of Aid Recipients". This list, updated regularly, consists of two parts. Part I lists those least developed countries and income groups based on regularly updated World Bank thresholds. Part II lists those developing countries and territories in transition, with a sub-category entitled "More Advanced Developing Countries and Territories" which is devoted to those places progressing from Part I of the list.