WEDNESDAY, JULY 11, 1984
A HONG KONG COMPANY MUST COMPLETE AN 1-629 FORM AND SEND IT TO THE US DEPARTMENT OF COMMERCE FOR APPROVAL TO EXPORT FROM USA. THE US DEPARTMENT OF COMMERCE MUST THEN OBTAIN APPROVAL FROM THE US DEPARTMENT OF DEFENCE, THE CIA, SECURITY COUNCIL, AIR FORCE, ARMY, NAVY AND THE JOINT CHIEFS OF STAFF.
+ IF ANY OF THE ABOVE ORGANISATIONS REJECTS AN APPLICATION, THEN THE COMMODITIES CANNOT BE SOLD.
+MY PERSONAL EXPERIENCES IN THE PAST HAVE BEEN FRUSTRATING,+ SAID MR LEE.
+BEFORE AN APPLICATION IS APPROVED, IT TAKES MONTHS, SOMETIMES YEARS, JUST TO PROCESS THE APPLICATION. OF COURSE, SOME APPLICATIONS NEVER RECEIVE APPROVAL.
MR LEE, REFERRING TO THE IMPORTANCE OF THE DEVELOPMENT OF THE TECHNOLOGY INTENSIVE INDUSTRY, SAID ITS IMPLICATIONS ON THE FUTURE ECONOMIC SURVIVAL AND VIABILITY WAS +UNIMAGINABLE+.
THEREFORE HE SUGGESTED THE SETTING UP OF THE WORKING GROUP WHICH SHOULD COMPRISE THREE TO FOUR PERSONS. THE TERMS OF REFERENCE SHOULD BE TO SEEK THE NECESSARY CLARIFICATION FROM THE UNITED STATES, JAPAN AND THE EEC.
*WE MUST TAKE THE INITIATIVE NOW,+ HE SAID.
FORMAL LINK WITH GATT URGED ****
INTERNATIONAL LINKAGE WITH THE WORLD WAS A MAJOR FACTOR BY WHICH HONG KONG WOULD KEEP ITS TRADE CONNECTIONS AND EXPORT GROWTH, DR THE HON FRANCIS TIEN SAID TODAY IN THE ADJOURNMENT DEBATE ON ECONOMIC SYSTEM AND THE FUTURE OF HONG KONG.
+THEREFORE, FIRST AND FOREMOST, HONG KONG SHOULD FIGHT FOR THE STATUS OF BEING A FORMAL MEMBER OF GATT SO THAT HONG KONG COULD BE ABLE TO TAKE CARE OF HER INTERNATIONAL TRADE AGREEMENTS INDEPENDENTLY, HE SAID.
HE CONCEDED THAT THE TECHNICALITIES INVOLVED IN ACHIEVING THIS MIGHT BE COMPLICATED, BUT HE FELT THAT THE TWO GOVERNMENTS NEGOTIATING ON OUR FUTURE WOULD BEAR IN MIND THE CONSEQUENCES THAT MIGHT ARISE SHOULD OUR RELATIONSHIP WITH GATT BE CUT OFF AFTER 1997.
NOTING THE IMPORTANCE OF THE GOOD REPUTATION OF THE TEXTILE AND GARMENT INDUSTRIES TO HONG KONG'S INTERNATIONAL EXPORTS, HE EXPRESSED HOPE THAT THE TWO GOVERNMENTS WOULD BEAR TWO POINTS IN MIND
/FIRST, WHETHER
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