TUESDAY, JUNE 8, 1976
EUROPEAN INDUSTRIALISTS INTERESTED IN HONG KONG
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ENCOURAGING NEWS HAS BEEN RECEIVED ABOUT HONG KONG'S LATEST INDUSTRIAL INVESTMENT PROMOTION EFFORT IN GERMANY AND SWITZERLAND.
A TELEGRAM SENT FROM GENEVA BY THE LEADER OF THE PROMOTION TEAM, MR. ROY PORTER OF THE COMMERCE AND INDUSTRY DEPARTMENT, SAID +1 AM ENCOURAGED BY THE AMOUNT OF POSITIVE INTEREST WE HAVE MET.
MR. PORTER SAID THAT EUROPEAN INDUSTRIALISTS WERE VERY INTERESTED IN THE POSSIBILITY OF ESTABLISHING LIGHT TO MEDIUM HEAVY ENGINEERING INDUSTRIES OF A TYPE PARTICULARLY SUITABLE FOR HONG KONG AT ITS PRESENT STAGE OF INDUSTRIAL DEVELOPMENT.
COMPANY EXECUTIVE TO WHOM MR. PORTER SPOKE WERE INTERESTED IN VARIOUS METHODS OF PARTICIPATING IN HONG KONG INDUSTRY INCLUDING ESTABLISHING WHOLLY-OWNED SUBSIDIARIES, PARTNERSHIPS. WITH LOCAL INDUSTRIALISTS AND LICENSING ARRANGEMENTS.
IT
THE THREE-WEEK PROMOTION TOUR ENDED OVER THE WEEKEND. TOOK THE TEAM TO SEX CITIES FRANKFURT, HAMBURG, DUSSELDORF STUTTGART, ZURICH AND GENEVA,
MR. PORTER MET THE CHIEF EXECUTIVES AND OTHER DECISION-MAKERS IN THE COMPANIES HE VISITED. DISCUSSIONS TOOK PLACE 'AT BOARDROOM LEVEL, A SPOKESMAN FOR THE COMMERCE AND INDUSTRY DEPARTMENT SAID.
THE TEAM ALSO GAVE TALKS TO REPRESENTATIVE ASSOCIATIONS, INCLUDING THE GERMAN MACHINERY MANUFACTURERS ASSOCIATION. AS A RESULT, A SENIOR OFFICIAL OF THIS ASSOCIATION WILL BE COMING TO HONG KONG LATER THIS MONTH FOR FURTHER DISCUSSIONS.
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THE SPOKESMAN EXPLAINED THAT A LOT OF PREPARATORY WORK HAD GONE INTO THE PLANNING OF THE LATEST MISSION. DEPARTMENT WROTE TO HUNDREDS OF SWISS AND GERMAN FIRMS. THESE, ABOUT 40 TARGET COMPANIES WERE SELECTED WITH THE ASSISTANCE OF BANKS AND THROUGH THE USE OF MANAGEMENT CONSULTANTS.
THE SPOKESMAN ADDED THAT THE D C AND I GRATEFULLY ACKNOWLEDGED THE HELP AND CO-OPERATION IT HAD RECEIVED FROM THE GERMAN AND SWISS CONSULATES-GENERAL
IN HONG KONG, THE TRADE DEVELOPMENT
COUNCIL AND BRITISH POSTS IN THE COUNTRIES VISITED.
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