XN000022-1982-01-18 — Page 7

MONDAY, JANUARY 18, 1982

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ON THE OTHER HAND, DECLINES WERE REGISTERED IN RE-EXPORTS TO BELGIUM AND LUXEMBOURG (BY $51 MILLION OR 17 PER CENT) AND SWITZERLAND (BY $181 MILLION OR 31 PER CENT).

MOST COMMODITIES RE-EXPORTED THROUGH HONG KONG EXHIBITED STRONG GROWTH, THE MORE SIGNIFICANT ONES BEING TEXTILES (BY $2 525 MILLION OR 66 PER CENT), ROAD VEHICLES (BY $1 C66 MILLION OR 104 PER CENT), ELECTRICAL MACHINERY, APPARATUS AND APPLIANCES (BY $1 034 MILLION OR 58 PER CENT), TELECOMMUNICATIONS AND SOUND RECORDING AND REPRODUCING APPARATUS AND EQUIPMENT (BY $739 MILLION OR 66 PER CENT), AND CLOTHING (BY $594 MILLION OR 42 PER CENT).

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THE NOVEMBER 1981 ISSUE OF THE +HC IG KONG TRADE STATISTICS SUMMARY+, DEALING WITH HONG KONG'S EXTERNAL TRADE FOR THE MONTH, WILL SOON BE ON SALE AT THE GOVERNMENT PUBLICATIONS CENTRE AT HK$3 A COPY. A MORE COMPREHENSIVE REPOR". +HONG KONG EXTERNAL TRADE+, WITH A DETAILED ANALYSIS OF THE MONTH'S IMPORTS, EXPORTS AND RE-EXPORTS, WILL BE PUBLISHED IN EARLY FEBRUARY AT HK$10 A COPY.

ENQUIRIES CONCERNING SUBSCRIPTIONS TO THESE REPORTS MAY BE DIRECTED TO THE INFORMATION SERVICES DE 'ARTMENT AT BASKERVILLE HOUSE, HONG KONG (TEL. NO. 15-214375).

UK MISSION BRIEFED ON INVESTMENT OPPORTUNITIES

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BRITISH MANUFACTURERS WOULD FIND HONG KONG'S BUSINESS ERVIRONMENT FAMILIAR AS MUCH OF THE ADMINISTRATIVE, LEGAL AND COMMERCIAL SYSTEMS HERE ARE BASED ON BRITISH MODELS, THE COMMISSIONER OF INDUSTRY, MR PETER TSAO, SAID TODAY (MONDAY).

SPEAKING AT A BRIEFING SESSION TO A BRITISH TRADE MISSION, MR TSAQ POINTED OUT THAT BY SETTING UP FACTORIES IN HONG KONG, UK MANUFACTURERS DID NOT EXPORT JOBS BUT OFTEN ENHANCED THE VIABILITY OF THEIR PRODUCTS SO THAT PRODUCTION IN UK COULD CONTINUE.

+THE SOURCING OF LOWER COST COMPONENTS IN HONG KONG HAS HELPED UK COMPANIES TO MAINTAIN THE COMPETITIVENESS OF THEIR PRODUCTS IN WORLD MARKETS,+ HE TOLD THE CHIEF EXECUTIVES OF EIGHT BRITISH COMPANIES.

HE SAID INDUSTRIES WHICH WOULD APPEAR TO PROVIDE GOOD PROSPECTS FOR UK INVESTORS ARE:

LIGHT TO MEDIUM-HEAVY ENGINEERING INDUSTRIES IN PRODUCTS SUCH AS LIGHT-ENGINEERING EQUIPMENT, OPTICAL AND PRECISION-MEASURING INSTRUMENTS, ELECTRICAL INDUSTRIAL AND POWER EQUIPMENT, AND AUTOMOTIVE PARTS AND ACCESSORIES.

HIGH-QUALITY SUPPORTING INDUSTRIES SUCH AS PRODUCTION FOUNDRY, METAL CASTING, FORGING, ELECTRO-PLATING, MACHINE TOOL MANUFACTURING AND HEAT TREATMENT.

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