XN000022-1983-03-30 — Page 8

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WEDNESDAY, MARCH 30, 1983

INDUSTRIAL PROMOTION LIAISON MEETING HELD

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DESPITE THE WORLD-WIDE RECESSION AND ECONOMIC DIFFICULTIES, OVERSEAS INVESTORS ARE SHOWING CONSIDERABLE INTEREST IN HONG KONG AS AN AREA FOR BUSINESS OPPORTUNITIES AND INDUSTRIAL INVESTMENT.

THIS WAS A POINT PUT FORWARD BY THE INDUSTRY DEPARTMENT'S FOUR OVERSEAS PRINCIPAL INDUSTRIAL PROMOTION CONSULTANTS AT THE 10-DAY LIAISON MEETING JUST CONCLUDED.

THE CONSULTANTS OBSERVED THAT THE RECESSION IN THE OVERSEAS COUNTRIES HAD FORCED PREVIOUSLY DOMESTICALLY ORIENTED COMPANIES TO SEARCH FOR INTERNATIONAL OPPORTUNITIES AND THIS SHOULD WORK TO HONG KONG'S BENEFIT.

+THE LIAISON MEETING WAS THE FIRST TO BE HELD AFTER THE ESTABLISHMENT OF THE INDUSTRIAL PROMOTION OFFICES IN TOKYO, LONDON, STUTTGART AND SAN FRANCISCO LAST YEAR AND WE HOPE TO MAKE IT AN ANNUAL EVENT, THE ASSISTANT DIRECTOR OF INDUSTRY, MR PETER JOHNSON SAID TODAY

+WE FOUND THE MEETING VERY USEFUL AS IT PROVIDED A VALUABLE CHANCE FOR THE OVERSEAS AND HEAD OFFICE STAFF TO DISCUSS FACE TO FACE THE PROGRESS SO FAR OF OUR INDUSTRIAL PROMOTION ACTIVITIES, AND FUTURE STRATEGY.

+THE OVERSEAS CONSULTANTS HAVE ALSO MADE USE OF THE OPPORTUNITY TO UPDATE THEMSELVES OF THE INDUSTRIAL SCENE IN HONG KONG THROUGH MEETINGS WITH OFFICIALS OF THE MAJOR TRADE AND INDUSTRIAL ASSOCIATIONS.+

THE FOUR CONSULTANTS, MR MICHAEL KIKUCHI (TOKYO), MR DONALD FLETCHER (LONDON), MR JOHN WHITE (STUTTGART) AND MR RÓBERT ASHWORTH (SAN FRANCISCO) WILL LEAVE HONG KONG TODAY.

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