WEDNESDAY, DECEMBER 18, 1983
29
JENKINS BILL VETO WELCOMED
****
PRESIDENT REAGAN'S DECISION TO VETO THE THURMOND JENK INS BILL WAS WELCOMED BY THE DIRECTOR OF TRADE, MR HAMISH MACLEOD, TODAY (WEDNESDAY).
+WE GREET THIS VETO WITH SOME RELIEF, HE SAID.
+HOWEVER,
AT THE SAME TIME WE MUST REMEMBER THAT PROTECTIONIST PRESSURES IN THE UNITED STATES WILL CONTINUE.
+ THE TEXTILES AND APPAREL LOBBY THERE WILL CONTINUE TO FIGHT FOR PROTECTION IN 1986 AND THIS WILL, NO DOUBT, INCLUDE ATTEMPTS FOR NEW LEGISLATION.
+WE ARE KEEPING A VERY CLOSE WATCH ON DEVELOPMENTS AND MAY WELL NOW ALSO SEE NEGOTIATIONS ON THE FUTURE OF THE MULTI FIBRE ARRANGEMENT START TO HOT UP. +
MR MACLEOD SAID THAT THE DEPARTMENT WAS NOW STUDYING THE FULL TEXT OF PRESIDENT REAGAN'S ANNOUNCEMENT.
PROTECTIONISM TO REMAIN HK'S MAIN CONCERN *****
THE PROBLEM OF PROTECTIONISM IN HONG KONG'S MAJOR MARKETS WOULD CONTINUE TO BE THE MAIN CONCERN IN 1986, THE SECRETARY FOR TRADE AND INDUSTRY, MR ERIC HO, SAID TODAY (WEDNESDAY),
SPEAKING AT A LUNCHEON MEETING OF THE HONG KONG EXPORTERS' ASSOCIATION HE SAID SUCH DEVELOPMENTS, PARTICULARLY IN THE U.S., POSED A SERIOUS THREAT TO THE INTERNATIONAL TRADING SYSTEM ON WHICH HONG KONG RELIED.
+MORE SPECIFICALLY, PROTECTIONIST SENTIMENTS COULD ADVERSELY AFFECT THE OUTCOME OF THE NEGOTIATIONS ARISING FROM THE EXPIRY OF THE CURRENT MULTIFIBRE ARRANGEMENT AND THREATEN OUR VERY IMPORTANT TEXTILE TRADE.+
HE ASSURED EXPORTERS AND MANUFACTURERS THAT THE GOVERNMENT WAS FULLY ALERT TO THE SERIOUSNESS OF THIS THREAT AND WAS TAKING ALL NECESSARY MEASURES TO SAFEGUARD HONG KONG'S INTERESTS AND TO COUNTERACT PROTECTIONIST MOVES WHICH THREATENED OUR LIVELIHOOD.
-
+WE SHALL CONTINUE TO USE EVERY OPPORTUNITY TO PRESS HONG KONG'S CASE - THROUGH OUR OVERSEAS OFFICES, COORDINATION WITH OTHER LIKE-MINDED TRADING PARTNERS AT FORA ON INTERNATIONAL TRADE, AND ALL OTHER MEANS AT OUR DISPOSAL WHETHER BY MOUNTING MISSIONS OR LOBBYING VISITING DIGNITARIES,+
/EA H
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