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WEDNESDAY, SEPTEMBER 10, 1975.
CO-ORDINATING COMMITTEE SET UP FOR PROMOTION OF
OVERSEAS INDUSTRIAL INVESTMENT
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THE GOVERNMENT HAS ESTABLISHED A SPECIAL COMMITTEE TO COORDINATE THE PROMOTION OF OVERSEAS INDUSTRIAL INVESTMENT IN HONG KOiên.
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THE CHAIRMAN OF THE COMMITTEE TO BE NAMED THE COORDINATING COMMITTEE ON INDUSTRIAL INVESTMENT PROMOTION WILL BE THE SECK:ETARY FOR ECONOMIC SERVICES MR. DEREK JONES. THE OTHER MEMBERS ARE THE DIRECTOR OF COMMERCE AND INDUSTRY, AND THE CHAIRMEN OF THE TRADE DEVELOPMENT COUNCIL AND THE HONG KONG GENERAL CHAMBER OF COMMERCE. THE EXECUTIVE DIRECTORS OF THE TDC AND THE HKGCC WILL ALSO NORMALLY ATTEND THE COMMITTEE'S MEETINGS.
A GOVERNMENT SPOKESMAN SAID TODAY THAT, IN VIEW OF THE INCREASING IMPORTANCE OF THE PROMOTION OF OVERSEAS INVESTMENT FOR THE FUTURE DEVELOPMENT OF INDUSTRY IN HONG KONG, THE TIME HAD COME FOR A REDEFINITION OF THE ROLES OF THE MAIN BODIES AT PRESENT CONCERNED IN THIS FIELD — THE DEPARTMENT OF COMMERCE AND INDUSTRY, THE TDC AND THE HONG KONG GENERAL CHAMBER OF COMMERCE.
THE NEW COMMITTEE WILL ADVISE THE GOVERNOR ON ALL ASPECTS OF POLICY ON INDUSTRIAL INVESTMENT PROMOTION BOTH WITHIN AND OUTSIDE HONG KONG. IT WILL ALSO COORDINATE THE OVERSEAS
INVESTMENT PROMOTION ACTIVITIES OF THE THREE ORGANISATIONS TO MAXIMISE THEIR JOINT EFFORTS AND AGREE, WHERE NECESSARY, ON THE USE OF THE TRADE DEVELOPMENT COUNCIL'S OVERSEAS FACILITIES BY EITHER OF THE OTHER ORGANISATIONS FOR SPECIFIC PROMOTIONA PROJECTS.
THE SPOKESMAN SAID IT HAD BEEN AGREED THAT EACH ORGANISATION SHOULD AT THE SAME TIME CONTINUE TO PROMOTE OVERSEAS INDUSTRIAL INVESTMENT IN HONG KONG WITH ITS OWN RESOURCES AND USING SUCH TECHNIQUES AS IT THINKS FIT.
WHEN EITHER THE TDC OR THE CHAMBER OF COMMERCE HAS MADE A SUCCESSFUL CONTACT OVERSEAS THEY WILL REFER THEM TO THE COMM RCE AND INDUSTRY DEPARTMENT. THE DEPARTMENT WILL THEN ADVISE AND ASSIST THE INVESTOR REGARDING LOCAL CONSIDERATIONS IN HONG KONG INVOLVING THE GOVERNMENT, INCLUDING THE AVAILABILITY OF LAND.
THE FIRST MEETING OF THE CO-ORDINATING COMMITTEE IS EXP ICTED TO BE HELD SHORTLY.
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