XN000022-1988-03-15 — Page 9

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TUESDAY, MARCH 15, 1988

HE SAID THE GROWTH RATE OF HONG KONG DOMESTIC EXPORTS FOR JAPAN AND CHINA WAS EXPECTED TO BE OF THE ORDER OF 14 PER CENT.

SAID

AS FOR THE UNITED STATES, MR SZE LIKELY TO GROW BY ONLY 2.5 PER CENT THIS YEAR.

EXCLUSION

"THE FORTHCOMING GENERALISED SYSTEM OF PREFERENCES MAY EXPORT PERFORMANCE IN 1989," HE SAID.

1987.

BOTH

DOMESTIC EXPORTS

WERE

OF

FROM EXPORTS OUR FURTHER

THE U.S.

OUR ADVERSELY AFFECT

MR SZE NOTED THAT DOMESTIC EXPORTS TO ALL MAJOR MARKETS GREW IN

CHINA FEDERAL SUBSTANTIAL

CENT AND 27 PER

CENT

ΤΟ EXPORTS DOMESTIC "AT A GROWTH RATE OF 52 PER CENT, RECORDED THE FASTEST INCREASE, DOMESTIC EXPORTS TO JAPAN, THE REPUBLIC OF GERMANY AND THE UNITED KINGDOM, ALSO RECORDED

27 PER REAL GROWTH, BY ABOUT 41 PER RESPECTIVELY.

CENT,

"ON THE OTHERHAND, THE REAL GROWTH RATE TO THE UNITED STATES WAS ONLY 10 PER CENT.

OF DOMESTIC EXPORTS

THOUGH STILL DECLINED IN 1986 TO

"AS A RESULT OF THIS GROWTH PATTERN, THE U.S.A.,

HAS EXPORTS, FOR OUR DOMESTIC BY FAR THE LARGEST MARKET SOMEWHAT IN RELATIVE IMPORTANCE FROM A 42 PER CENT SHARE 37 PER CENT IN 1987."

THAT

SOME DESPITE

HONG GOODS

WATCHES

DIVERSIFICATION, NOTED MR SZE ALSO KONG'S EXPORTS HAD REMAINED HEAVILY DEPENDENT ON LIGHT CONSUMER INDUSTRIES, SUCH AS CLOTHING, TEXTILES, ELECTRONIC PRODUCTS, AND CLOCKS, AND TOYS AND DOLLS.

U.S. EXPORT AUTHORISATION CALL RECEIVED

*

(TUESDAY) THE IMMEDIATE FOR CATEGORY 611 WEIGHT)} FOR THE

THE TRADE DEPARTMENT ANNOUNCED TODAY SUSPENSION OF THE ISSUING OF EXPORT AUTHORISATIONS (STAPLE ARTIFICIAL FABRICS (85 PER CENT OR MORE BY U.S. MARKET, PENDING CONSULTATIONS WITH THE U.S. GOVERNMENT.

THE

SUSPENSION

WAS ANNOUNCED

FOLLOWING

THE RECEIPT OF A REQUEST FROM THE U.S. GOVERNMENT FOR CONSULTATIONS ON THAT CATEGORY.

THE DEPARTMENT WILL, HOWEVER,

EXPORT LICENCES

FOR THE

ABOVE

CONTINUE CATEGORY

ΤΟ APPROVE AND

VALID AGAINST·

ISSUE EXPORT

AUTHORISATIONS ALREADY APPROVED.

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