XN000022-1988-10-17 — Page 5

MONDAY, OCTOBER 17, 1988

1'0 THE FUTURE RELATIONSHIP

BETWEEN THE EUROPEAN

THAT THE NOT MAKE

TURN ING COMMUNITY AND THE FAR EAST, SIR DAVID SAID HE WAS CONVINCED AREA SHOULD DEVELOPMENT

THE OF RAPID ECONOMIC EUROPEANS FEEL UNCOMFORTABLE.

PACIFIC

'IT SHOULD NOT BE SEEN AS A THREAT, BUT AS A CHALLENGE TREMENDOUS OPPORTUNITY.

AND A

MARKET,

1 HOPE YOU IN ASIA, THE

AS YOU MOVE TOWARDS THE EUROPEAN SINGLE ALSO KEEP PART OF YOUR MIND ON THE OPPORTUNITIES GOVERNOR SAID.

WILL

KONG FOLLOWED

SIR DAVID TOLD THE GERMAN BUSINESSMEN THAT HONG THE DISCUSSIONS OF 1992 HALF WITH HOPE AND HALF WITH ANXIETY.

"HOPE THAT EUROPE WILL APPLY OPEN MARKET TRADE RELATIONS WITH THE REST OF THE WORLD. ANXIETY

WITH ONLY

HER TURN INWARDS, CONCERNING HERSELF GOVERNOR SAID.

PRINCIPLES TO HER THAT SHE MAY THE

OWN AFFAIRS,"

IN THE FAR EAST WAS GERMAN COMPANIES

HONG IN

REPUBLIC FEDERAL

LIVE IN THE BILLION A YEAR;

PRESENCE BUSINESS NOTING THAT GERMAN SUBSTANTIAL, SIR DAVID SAID THE NUMBER OF KONG WAS GROWING ALL THE TIME.

THE

"ABOUT 1,600 PEOPLE FROM TERRITORY. OUR BILATERAL TRADE IS WORTH NEARLY US$4 AND IT IS INCREASING.

TRADING "THE FEDERAL REPUBLIC IS NOW HONG KONG'S FIFTH LARGEST

EUROPE. AROUND PARTNER. IT IS HONG KONG'S LARGEST TRADING PARTNER IN

HONG KONG DIRECT EUROPEAN NINE PER CENT OF MANUFACTURING COMES FROM GERMANY,

INVESTMENT

IN

THE GOVERNOR SAID.

KONG VALUED HIGHLY

THE TECHNOLOGY

AND

SIR DAVID SAID HONG QUALITY THAT WAS CHARACTERISTIC OF GERMAN MANUFACTURING,

CARS

THE GOVERNOR NOTED THAT NEARLY 17 PER CENT OF THE PRIVATE IN THE TERRITORY WERE GERMAN, MOST OF WHICH WERE AT THE TOP END OF THE MARKET.

OR

BARRIERS CULTURAL NATIONALISTIC ANY "WE DO NOT HAVE

MINDED, INTERNATIONALLY IS VERY IMPORTED GOODS. OUR POPULATION DAVID SAID,

TO

"

SIR

"I

аг

NOBODY RESENTS THE SUCCESS MADE BETWEEN FOREIGN COMPANIES AND LOCAL

HE CONTINUED. PRODUCTS AND LOCAL ONES,

"UNLIKE THE OTHER SUCCESSFUL ECONOMICS OF WHOM WE ARE OFTEN BRACKETED, HONG KONG'S TRADE IS ROUGHLY IN

OF OTHERS. NO DISTINCTIONS

ONES. NOR BETWEEN FOREIGN

ARE

THE FAR EAST WITH BALANCE.

WE BUY AS

MUCH AS

WE SELL.

SITUATION," HE ADDED.

AND

ARE WIS

QUITE

WITH HAPPY

THAT

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