XN000022-1986-08-29 — Page 4

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FRIDAY, AUGUST 29, 1986

THE CHERNOBYL REACTOR ACCIDENT ON THE OTHER HAND LED TO A LARGE RELEASE OF RADIOACTIVITY BECAUSE IT DID NOT HAVE SIMILAR CONTAINMENT.

THE CONSULTANTS ADVISED THAT THEY WOULD BE ATTENDING THE IAEA MEETING AT VIENNA ON THE CHERNOBYL ACCIDENT AND WOULD REPORT TO THE HONG KONG GOVERNMENT ON IT.

ANY LESSONS THAT MIGHT BE LEARNT FROM CHERNOBYL WOULD BE TAKEN INTO ACCOUNT IN THE PHASE 11 REPORT ON ACCIDENT ASSESSMENT.

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HONG KONG STRESSES GOOD TRADE PRACTICES

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A TRADE DEPARTMENT SPOKESMAN SAID TODAY (FRIDAY) THAT TALKS IN WASHINGTON D.C. CONCERNING THE UNITED STATES GENERALISED SCHEME OF PREFERENCES HAD ENDED.

THE TWO-DAY TALKS TOOK PLACE ON WEDNESDAY AND THURSDAY AND WERE PART OF THE PRESIDENTIAL REVIEW OF THE SCHEME,

THE HONG KONG DELEGATION AT THE TALKS WAS LED BY ASSISTANT

THE U.S. DIRECTOR OF TRADE, NORTH AMERICA, MR ROBERT FOOTMAN. DELEGATION WAS LED BY ASSISTANT U.S. TRADE REPRESENTATIVE, MR PETER ALLGEIER, AND EXECUTIVE DIRECTOR OF THE U.S. GSP PROGRAMME, MR DAVID SHARK.

COMMENTING ON THE TALKS, MR FOOTMAN SAID THERE HAD BEEN A USEFUL EXCHANGE OF VIEWS BETWEEN THE TWO SIDES: +THE AMERICAN DE LEGATION EXPLAINED THE LATEST POSITION UNDER THE REVIEW AND THE PARAMETERS UNDER WHICH IT HAD TO BE CONDUCTED.+

+ONCE AGAIN THE OPPORTUNITY WAS TAKEN TO STRESS HONG KONG'S OPEN MARKET, ITS GOOD TRADE PRACTICES AND STRONG INTELLECTUAL PROPERTY, PATENTS, TRADE MARK AND COPYRIGHT ENFORCEMENT PROVISIONS. I BELIEVE THAT THESE POINTS WERE FULLY TAKEN ON BOARD BY THE U.S. DELEGATION.

+ THE DISCUSSIONS INCLUDED ALL AREAS OF THE REVIEW, AND WE MUST NOW AWAIT THE RESULTS WHICH WILL BE ANNOUNCED IN EARLY JANUARY NEXT YEAR, HE ADDED.

THE PRESIDENTIAL REVIEW WILL DETERMINE COMPETITIVE NEED LEVELS FOR EACH BENEFICIARY TERRITORY ON A PRODUCT BY PRODUCT BASIS, AND WILL ALSO DETERMINE WHETHER THE COMPETITIVE NEED LEVELS SHOULD BE WAIVED ALTOGETHER IN RESPECT OF ANY PRODUCTS FOR INDIVIDUAL

BENEFICIARIES.

UNDER THE