XN000022-1987-11-16 — Page 10

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MONDAY, NOVEMBER 16, 1987

TRANSPORT ADVISORY COMMITTEE MEETING TOMORROW

THE TRANSPORT ADVISORY COMMITTEE (TAC) WILL MEET TOMORROW (TUESDAY) TO DISCUSS AN APPLICATION BY THE STAR FERRY COMPANY FOR FARE INCREASES.

PLAN.

THE COMMITTEE WILL ALSO EXAMINE STAR FERRY'S 1988-1992 FORWARD

ALSO ON THE AGENDA IS A REVIEW OF THE ROLE OF PUBLIC LIGHT BUSES IN THE TRANSPORT HIERARCHY.

IN ADDITION, TAC WILL BE BRIEFED ON THE SECOND TRANSPORT STUDY.

THE MEETING, ΤΟ BE HELD AT THE GOVERNMENT WILL START AT 2.30 PM.

COMPREHENSIVE

SECRETARIAT,

TALKS ON COMMODITY CODE COMPLETED

CONSULTATIONS HAVE BEEN COMPLETED ON THE INTRODUCTION BY THE UNITED STATES OF THE HARMONIZED COMMODITY CODE.

IN

HONG KONG AND AMERICAN REPRESENTATIVES MET OVER THE WEEKEND THE TERRITORY FOR A FIFTH ROUND OF TALKS. PREVIOUS ROUNDS HAD TAKEN PLACE IN WASHINGTON AND GENEVA.

THE HARMONIZED COMMODITY CODE IS A STANDARDISED SYSTEM OF PRODUCT CLASSIFICATION WHICH THE MAJOR TRADING NATIONS HAVE AGREED ΤΟ ADOPT AS AN INTERNATIONAL STANDARD FROM 1988.

"THIS HAS BEEN A COMPLEX SERIES OF NEGOTIATIONS DEALING WITH A HIGHLY-TECHNICAL SUBJECT, THE DEPUTY DIRECTOR OF TRADE, MR TONY MILLER, SAID.

"HONG KONG HAS BEEN PARTICULARLY CONCERNED OVER THE LAST SIX MONTHS TO ENSURE THAT THE ARRANGEMENTS MADE PROVIDE SUFFICIENT FLEXIBILITY FOR TRADERS TO ADJUST TO THE NEW SYSTEM.

"BOTH SIDES ARE NOW CONFIDENT THAT THE CHANGES ΤΟ CLASSIFICATION PRACTICES ON THE ADOPTION OF THE HARMONIZED SYSTEM BY THE UNITED STATES, ON JANUARY 1, 1988, CAN BE CARRIED THROUGH SMOOTHLY.

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