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Wednesday, August 30, 1972
JOINT EFFORTS TO PROMOTE HONG KONG'S INDUSTRIAL OPPORTUNITIES
The Director of Commerce and Industry, the Hon. Jack Cater, said
today that his department and the Trade Development Council had "done a good
deal" to promote Hong Kong's industrial opportunities overseas and to
lay the foundations for an effective industrial promotion effort in the
years ahead.
This had been achieved "despite substantial staffing difficulties
and other setbacks".
Replying in the Legislative Council to a question by the Hon.
James Wu, the Director said that the T.D.C. was in the process of
recruiting new staff, some of whom would be trained in this promotional work.
He said it had been recognised for some time that a more positive
approach to encouraging foreign investment in Hong Kong industry was
desirable.
Mr. Cater recalled that last year it was announced that his department
and the T.D.C. had entered into a liaison agreement under which the Council
accepted an external industrial promotional function with the back up
service provided by the Commerce and Industry Department.
He also outlined some of the work which had been undertaken to
actively promote foreign participation in Hong Kong industry on a fairly
wide front.
/With
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