XN000022-1983-03-08 — Page 3

TUESDAY, MARCH 8, 1983

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+NATURALLY, WE HOPE THAT 1983 WILL BRING THE PROSPECT OF AN IMPROVED ECONOMIC CLIMATE. WE ALSO HOPE THAT THIS WILL ENABLE BOTH THE US TEXTILE MANUFACTURERS AS WELL AS THE HONG KONG GARMENT MANUFACTURERS TO INCREASE THE IR PRODUCTION AND EXPORT PERFORMANCE.

+FOR OUR PART, WE REMAIN CONVINCED THAT THE SUREST FOUNDATION FOR PROSPERITY LIES IN THE EXPANSION OF WORLD TRADE AND NOT IN ITS CONTRACTION, MR HO STRESSED.

TSB CHAIRMAN MEETS TEXTAB MEMBERS

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AMBASSADOR MARCELO RAFFAELLI, CHAIRMAN OF THE GENEVA-BASED TEXTILES SURVEILLANCE BODY WHICH SUPERVISES THE OPERATION OF THE MULTI-FIBRE ARRANGEMENT (MFA), TODAY (TUESDAY) MET MEMBERS OF THE HONG KONG TEXTILES ADVISORY BOARD (TEXTAB).

AT THE MEETING, CHAIRED BY MR E.P. HO, THE SECRETARY

FOR TRADE AND INDUSTRY, MR RAFFAELLI WAS BRIEFED ON THE STATE OF HONG KONG'S TEXTILES AND GARMENT INDUSTRY. SUBJECTS DISCUSSED INCLUDED THE WORKINGS OF THE MFA AND HONG KONG'S VARIOUS BILATERAL TEXTILES ARRANGEMENTS.

MR RAFFAELLI, WHO ARRIVED LAST WEEKEND (MARCH 5) FOR A WEEK-LONG VISIT TO HONG KONG, HAD EARLIER HELD DISCUSSIONS WITH MR E.P. HO AND THEN WITH THE DIRECTOR OF TRADE, MR HAMISH MACLEOD, AND SENIOR STAFF OF THE TRADE DEPARTMENT. HE ALSO VISITED SHA TIN NEW TOWN AND THE TAI PO INDUSTRIAL ESTATE YESTERDAY.

HE WILL MEET THE DEPUTY EXECUTIVE DIRECTOR OF THE TRADE DEVELOPMENT COUNCIL, MR GEORGE BLANEY TOMORROW FOLLOWED BY A LUNCH MEETING WITH THE ACTING GOVERNOR, SIR PHILIP HADDON-CAVE, AT GOVERNMENT HOUSE. IN THE AFTERNOON HE WILL VISIT SAN'S CLOTHING FACTORY LTD. AND LUKS ELECTRONICS CO. LTD. AT TO KWA WAN, KOWLOON.

ON THURSDAY, HE WILL CALL ON THE FINANCIAL SECRETARY, MR JOHN BREMRIDGE, BEFORE DEPARTING ON FRIDAY, MR RAFFAELLI WILL MEET MEMBERS OF THE PRESS.

NOTE TO EDITORS :

AMBASSADOR MARCELO RAFFAELLI, WHO IS THE CHAIRMAN OF THE TEXTILES SURVEILLANCE BODY, WILL HOLD A PRESS CONFERENCE AT 2.30 PM ON FRIDAY, MARCH 11 IN THE GIS THEATRE, 5TH FLOOR, BEACONSFIELD HOUSE, CENTRAL.

YOU ARE INVITED TO SEND A REPRESENTATIVE TO COVER THE EVENT.

TV AND RADIO STATION REPRESENTATIVES ARE REQUESTED TO SET UP THEIR EQUIPMENT BY 2.15 PM.

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