XN000022-1975-11-20 — Page 3

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THURSDAY, NOVEMBER 20, 1975

AUSTRALIAN FIRMS SEEK HONG KONG PARTNERS

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YET MORE AUSTRALIAN COMPANIES ARE LOOKING FOR HONG KONG PARTNERS TO SET UP JOINT INDUSTRIAL VENTURES HERE.

THE COMMERCE AND INDUSTRY DEPARTMENT HAS RECENTLY RECEIVED ENQUIRIES FROM MORE THAN 100 AUSTRALIAN FIRMS WISHING TO CONTACT SUITABLE LOCAL MANUFACTURERS INTERESTED IN ENTERING INTO JOINT VENTURES AND, OR, LICENSING ARRANGEMENTS TO PRODUCE A WIDE RANGE OF PRODUCTS IN HONG KONG.

THESE ENQUIRIES COME IN THE WAKE OF INDUSTRIAL INVESTMENT PROMOTION TOURS CARRIED OUT IN AUSTRALIA EARLY THIS YEAR BY THE COMMERCE AND INDUSTRY DEPARTMENT.

THINGS WHICH THE AUSTRALIANS WOULD LIKE TO PRODUCE IN PARTNERSHIP WITH HONG KONG INCLUDE CLOTHING, PLASTICS, BUILDING AND CONSTRUCTION MATERIALS, FURNITURE, CHEMICAL PRODUCTS, FOOD -STUFF, MACHINERY AND ENGINEERING PRODUCTS, METAL FABRICATION, HOUSEHOLD APPLIANCES, ELECTRICAL PRODUCTS AND WOODEN PRODUCTS.

A SPOKESMAN FOR THE D.C. AND I. SAID THAT THE DEPARTMENT WAS IN TOUCH WITH THESE AUSTRALIAN FIRMS AND WAS SEEKING MORE DETAILS FROM THEM REGARDING THEIR PROPOSALS.

IN THE MEAN TIME, THE DEPARTMENT WOULD LIKE TO CONTACT LOCAL MANUFACTURERS WHO MIGHT BE INTERESTED IN THE AUSTRALIAN PROPOSAL.

THE SPOKESMAN ASKED INTERESTED HONG KONG INDUSTRIALISTS TO CONTACT MISS CHARLOTTE CHUNG (5-223481) OF THE DEPARTMENT'S INDUSTRIAL PROMOTION BRANCH FOR MORE INFORMATION.

THE SPOKESMAN ADDED THAT LOCAL MANUFACTURERS WHO WERE INTERESTED IN OVERSEAS PARTICIPATION IN GENERAL ARE ALSO URGED TO CONTACT MISS CHUNG JUST IN CASE THERE MIGHT BE ENQUIRIES WHICH CONCERNED THEIR PARTICULAR LINE OF BUSINESS.

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