XN000022-1987-11-25 — Page 2

WEDNESDAY, NOVEMBER 25, 1987

TDC CHAIRMAN POINTS TO IMPRESSIVE DOMESTIC EXPORTS

HONG KONG'S DOMESTIC EXPORTS ARE EXPECTED TO RECORD AN

THE IMPRESSIVE GROWTH OF 20 PER CENT BY THE END OF THE YEAR,

SENTOR MEMBER, THI TION LYDIA DUNN, TOLD THE LEGISLATIVE COUNCIL TODAY

(WEDNESDAY).

TABLING THE 1986-87 ANNUAL REPORT OF THE TRADE DEVELOPMENT COUNCIL, OF WHICH SHE IS CHAIRMAN, MISS DUNN SAID THAT HONG KONG'S OVERALL TRADE PERFORMANCE RECOVERED WELL DURING THE YEAR UNDER REVIEW, WITH TOTAL TRADE INCREASING BY 18 PER CENT OVER THE PREVIOUS YEAR.

"DOMESTIC EXPORTS LED THE GROWTH WITH TREND HAS CONTINUED DURING 1987, SHE SAID).

"

19

PER CENT AND THIS

SHE SAID A NUMBER OF FACTORS HAD MADE THIS STRONG RESURGENCE

YEN POSSIBLE, THE APPRECIATION OF THE

AND EUROPEAN CURRENCIES HAD

ENHANCED

KONG'S HONG

COMPETITIVENESS; GENERALLY

CONSUMER STRONG

DEMAND IN MAJOR MARKETS

LIBERALISATION IN PREVIOUS RESTRICTED MARKETS HAD PROVIDED NEW TRADE OPPORTUNITIES.

AND

GIVE ALSO

CREDIT

TO THE

OF FFFORTS

OUR AND RANGE OF GOODS AND IN EMERGING MARKETS SUCH AS JAPAN, SNE

"Wh SHOPED MANUFACTURERS IN UPGRADING THE QUALITY MEETING THE CONSUMER DEMANDS OF SAID.

COUNCIL IN IN THIS RESPECT, THE WORK OF THE TRADE DEVELOPMENT

IMAGE OF HONG IMPROVING THE

KONG PRODUCTS AND DISCOVERING MARKET POTENTIAL HAD CONTRIBUTED SIGNIFICANTLY, SHE ADDED.

FOR

THAT MISS DUNN CAUTIONED

SUCH A FAVOURABLE COMBINATION OF CURCUMSTANCES COULD NOT EXIST INDEFINITELY, AND THERE WAS NO ROOM COMPLACENCY,

THE COUNCIL'S EFFORTS WILL BE ALL THE MORE IMPORTANT IF IS ANY SLOWDOWN IN THE INTERNATIONAL TRADING CLIMATE AFTER THE

SHE SAID. DESTURBANCE IN THE WORLD'S FINANCIAL MARKETS,

AN

THERE RECENT

OF

JAPAN,

SHF SAED THE TOC HAD PLANNED

PROGRAMME ENERGETIC PROMOTIONAL EVENTS AND TRADE MISSIONS TO NEWER MARKETS SUCH AS KORKA AND CIFENA IN ASIA, TO SPAIN AND TO TURKEY.

HM ..

WILL КЕЕР UP THE MOMENTUM

COUNTERING RESTRICTIVE TRADE SENTIMENT VIGOROUSLY AS WE CAN, SOK SAID.

-

IN ESTABLISHED 1N THE U.S. AND EUROPE

MARKETS,

AS

IN TRADE

IN RESPONSI TO INCREASING DEMAND FOR

THE TDC WAS SHOWS AND EXHIBITIONS,

CENTRAL. TO ORGANISED EVENTS. LOCALLY CONVENTION AND PARTURITION CENTRE NOW UNDER CONSTRUCTION.

PARTICIPATION EXTENDING IT'S INVOLVEMENT IN

EXPANSION WAS THIS

THE NEW

/SHE SAID