XN000022-1987-11-24 — Page 11

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TUESDAY, NOVEMBER 24, 1987

GERMAN FIRMS TOLD OF BUSINESS OPPORTUNITIES

THERE ARE EXTENSIVE OPPORTUNITIES FOR GERMAN FIRMS TO DO BUSINESS IN HONG KONG, THE MINISTER FOR HONG KONG'S ECONOMIC RELATIONS WITH THE EUROPEAN ECONOMIC COMMUNITY, MR STEUART WEBB-JOHNSON, TOLD A LUNCHEON MEETING OF THE EAST ASIA ASSOCIATION IN HAMBURG.

MR WEBB-JOHNSON SAID OPPORTUNITIES EXISTED PARTICULARLY IN THE SERVICES AND CONSTRUCTION SECTORS, AND HE NOTED THAT HONG KONG'S IMPORTS FROM WEST GERMANY HAD GROWN BY 30 PER CENT IN THE FIRST HALF OF THIS YEAR.

THE EAST ASIA ASSOCIATION IS AN INFLUENTIAL BUSINESS ASSOCIATION. IT COMPRISES OVER 400 MEMBER FIRMS FROM ALL SECTORS OF THE GERMAN ECONOMY AND AIMS AT PROMOTING TRADE RELATIONS BETWEEN WEST GERMANY AND SOUTHEAST ASIA.

POINTING ΤΟ HONG KONG'S

ROLE AS A GATEWAY ΤΟ CHINA, MR WEBB-JOHNSON STRESSED THAT THE TERRITORY'S GEOGRAPHICAL POSITION AND THE LOCALLY AVAILABLE EXPERTISE IN TRADE WITH CHINA SHOULD NOT OVERLOOKED BY BUSINESSES LOOKING TO ESTABLISH A BASE IN THE REGION.

BE

HE ALSO DREW ATTENTION TO THE DEVELOPMENTS IN HONG KONG OVER THE LAST THREE YEARS AND IN PARTICULAR TO THE SINO-BRITISH AGREEMENT ON THE TERRITORY'S FUTURE.

BY CHINA

BOTH AT

HE POINTED TO THE MANY ASSURANCES GIVEN HOME AND ABROAD CONCERNING THE AGREEMENT AND THE RESULTING RETURN OF CONFIDENCE TO HONG KONG'S ECONOMY.

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TRAFFIC CHANGES FOR OPENING OF WEST KOWLOON CORRIDOR

TO COINCIDE WITH THE OPENING OF THE WEST KOWLOON CORRIDOR STAGE 111, A SERIES OF TRAFFIC ARRANGEMENTS WILL BE IMPLEMENTED IN MONG KOK AND SHAM SHUT PO FROM 10 AM ON SATURDAY (NOVEMBER 28).

WITH THE OPENING OF THE CORRIDOR, TRAVELLING TIME BETWEEN SOUTH KOWLOON AND THE WESTERN NEW TERRITORIES WILL BE GREATLY REDUCED.

/UNDER THE