XN000022-1988-09-28 — Page 3

I

FO

WEDNESDAY, SEPTEMBER 28, 1988

'OPPORTUNITIES IN HONG INSTITUTE OF DELAWARE AND

MR LO WAS ADDRESSING AN EXPORT SEMINAR KONG" ARRANGED BY THE WORLD TRADE CENTRE THE DELAWARE DEVELOPMENT OFFICE.

FACT THAT

WERE THE

WORLD'S

REING MISSED,

LARGEST

REFLECTING THE

OPPORTUNITIES

KONG HONG ALTHOUGH SAID

ONE OF MR LO

WAS IMPORTERS OF TEXTILES FABRICS, BUYING NEARLY US$5 BILLION YEAR, THE U.S. SHARE OF THIS LUCRATIVE BUSINESS WAS LESS THEN ONE PER CENT,

WORTH LAST ESTIMATED TO BE

OTHER U.S.

EXPORTERS WERE DOING

BETTER, MR LO SAID, NOTING

AMOUNTED LAST YEAR

TO US$624, JAPAN (US$224} OR TAIWAN

•

S THAT PER CAPITA IMPORTS FROM THE U. SUBSTANTIALLY MORE THAN THE EKU (US$179), (US$362).

FURTHER.

LARGEST

WAS THE

MARKET IN IN 1987, HONG KONG

THE DIAMONDS (US$148M1 AND THE WORLD FOR U.S. GINSENG (US$1]M) AND CUT

(US$18M), HE THIRD LARGEST FOR U.S. CIGARETTES' (US$262M) AND ORANGES ADDED.

THE ATTRACTIONS OF HONG KONG AS A MARKET WOULD CONTINUE 1997, MR LO SAID.

BEYOND

FAITHFULLY HE SAID THE JOINT DECLARATION WAS BEING IMPLEMENTED

IN PROSPERITY

THE NEXT AND THE FOUNDATIONS FOR CONTINUING

CENTURY INVESTMENTS BY FOREIGN AS WERE BEING LAID SUCH AS STRONG LONG-TERM

AND

BY WELL AS LOCAL BUSINESS,

AMBITIOUS INFRASTRUCTURAL PROJECTS PRIVATE INTERESTS AS WELL AS GOVERNMENT.

DYNAMISM

"THE CONTINUING IMPORTANCE AND REGION, AND THE POTENTIAL OF CHINA, PROVIDE CONTINUING PROSPERITY OF HONG KONG," HE SAID.

THE TRADE DEVELOPMENT COUNCIL'S SENIOR MR ANDREW MA ALSO SPOKE ABOUT TRADE

AMERICAS, KONG.

OF THE ASIA-PACIFIC A SOLID BASIS FOR THE

REPRESENTATIVE IN THE OPPORTUNITIES IN HONG

BEFORE THE SEMINAR, MR LO HAD A MEETING WITH SENATOR WILLIAM V. ROTH (REPUBLICAN) OF DELAWARE.

13

+