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TUESDAY, OCTOBER 8, 1985
MR CHEONG-LEEN SAID THE JENKINS BILL WAS IN SHARP CONFLICT WITH THE GATT, THE MFA AND WITH BILATERAL AGREEMENTS BETWEEN THE UNITED STATES AND MANY DEVELOPING COUNTRIES.
+ IT IS DISCRIMINATORY AND IF ENACTED WOULD MARK THE END OF THE OPEN MULTILATERAL TRADING SYSTEM AND EXACERBATE FRICTIONS BETWEEN DEVELOPED AND DEVELOPING COUNTRIES.
+AS AN INTERNATIONAL CITY ON THE PACIFIC RIM, WE LOOK TO SAN FRANCISCO TO EXERCISE WHAT IT HAS IN ABUNDANCE, IMAGINATION AND LEADERSHIP IN TURNING THE TIDE OF PROTECTIONISM NOW SPREADING IN YOUR COUNTRY,+ HE SAID.
TURNING TO THE RELATIONSHIP BETWEEN SAN FRANCISCO AND HONG KONG, MR CHEONG-LEEN SAID THE TWO CITIES HAD MUCH IN COMMON AND MANY MUTUAL INTERESTS.
+OUR TWO CITIES ARE INTERNATIONAL SEAPORTS ON EITHER SIDE OF THE PACIFIC. BOTH CITIES DEPEND ON TRADE, BUSINESS AND INDUSTRY AS THEIR ECONOMIC LIFELINES.
+WE ARE EQUALLY HARD-WORKING, EVER-STRIVING AND DYNAMIC CITIES WHERE PROSPERITY AND PROGRESS ARE THE HONEST REWARDS OF OUR ENDEAVOURS, HE SAID,
MR CHEONG-LEEN POINTED OUT THAT SAN FRANCISCO, WITH ITS STRATEGIC LOCATION AND ITS SIZEABLE ASIAN POPULATION, HAD HISTORICALLY BEEN AMERICA'S KEY LINK WITH THE ORIENT.
+ON THE OTHER SIDE OF THE PACIFIC, THE ADVANTAGES OF HONG KONG AS AN AMERICAN TRADING STEPPING-STONE INTO CHINA ARE OBVIOUS. HONG KONG IS SITUATED ABOUT 130 KILOMETRES SOUTHEAST OF THE CHINESE SOUTHERN COMMERCIAL CENTRE OF GUANGZHOU (OTHERWISE KNOWN AS CANTON). HONG KONG'S LOCATION IS ALL THE MORE STRATEGIC NOW FOR HAVING THE SHENZHEN SPECIAL ECONOMIC ZONE SITTING ON ITS BORDER. IN FACT, MOST OF THE OUTSIDE INVESTMENTS IN SHENZHEN ARE BY HONG KONG INTERESTS,+ HE SAID.
IN CONCLUSION, MR CHEONG-LEEN SAID: +HONG KONG PLACES THE HIGHEST VALUE ON ITS TRADING RELATIONS WITH THE UNITED STATES, SAN FRANCISCO IN PARTICULAR, THE USA IS OUR MAJOR TRADING PARTNER, AND WE HOPE THAT OUR CLOSE TRADE TIES WILL CONTINUE TO GROW IN THE FUTURE.
IN THE FUTURE. WE WELCOME YOUR SELLING MORE TO HONG KONG AND TO CHINA THROUGH HONG KONG.+
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