XN000022-1988-11-08 — Page 3

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TUESDAY, NOVEMBER 8, 1988

PARTIES

INVOLVED IN THE

"THE DIFFICULTY IS THAT SOME OF THE NEGOTIATIONS HAVE DIAMETRICALLY OPPOSED VIEWS.

—

"IT IS DIFFICULT TO DEMONSTRATE PROGRESS WHEN CONSTANTLY TRYING BUT AS LONG AS THE SEARCH FOR TO SQUARE OPPOSING POSITIONS

THE DANGER OF DAMAGING NEGOTIATED SOLUTIONS CONTINUES, TRADE ACTION IS REDUCED.

UNILATERAL

"THIS IS ONE

OF

THE MAJOR

FUNCTIONS AND BENEFITS

OF

THE

MULTILATERAL PROCESS."

LINK BETWEEN INDUSTRY AND HIGHER EDUCATION EMPHASISED

THE GOVERNMENT HOPES TO FOSTER CLOSER LINKS BETWEEN INDUSTRY AND THE INSTITUTIONS OF HIGHER EDUCATION BECAUSE OF THE NEED FOR A GREATER EMPHASIS ON THE USE OF TECHNOLOGY IN INDUSTRY, THE DIRECTOR OF INDUSTRY, MR K.Y. YEUNG SAID TODAY (TUESDAY).

SPEAKING AT THE OPENING OF A NEW PLANT OF CHIAPHUA-SHINKO COPPER ALLOY CO. LTD. MR YEUNG SAID THE EXPERT KNOWLEDGE EMBEDDED IN THE TERTIARY INSTITUTIONS NEEDS TO BE HARNESSED TO HELP INDUSTRY MAKE THE TRANSITION FROM LABOUR INTENSIVE ΤΟ TECHNOLOGY INTENSIVE

MANUFACTURING.

"INDEED ONE OF THE PRIMARY REASONS FOR THE CHOICE OF JUNK BAY AS THE SITE FOR THE THIRD INDUSTRIAL ESTATE WAS THE CLOSE PROXIMITY OF THE NEW UNIVERSITY OF SCIENCE AND TECHNOLOGY.

"THE GOVERNMENT IS ALSO EXPLORING WAYS TO IMPROVE THE OPPORTUNITIES FOR CONTRACT RESEARCH TO BE CARRIED OUT BY THE TERTIARY INSTITUTIONS ON BEHALF OF INDUSTRY.

CAN,

ANOTHER OPTION BEING CONSIDERED IS THE ESTABLISHMENT OF SCIENCE PARKS AND TECHNOLOGY CENTRES WHERE BRIGHT IDEAS

BY

BE COOPERATION BETWEEN THE TERTIARY INSTITUTIONS AND INDUSTRIALISTS, TURNED INTO PRACTICAL WORTHWHILE PRODUCTS OR PROCESSES.

"IT IS POSSIBLE THAT, IN THE LONGER TERM, THERE MAY HE SCOPE FOR A SCIENCE PARK OR TECHNOLOGY CENTRE TO BE LOCATED IN JUNK BAY."

TURNING TO THE RECENT MOVEMENT OF LABOUR INTENSIVE

THAT MANUFACTURING OPERATIONS TO CHINA, MR YEUNG POINTED OUT

JF THF TREND CONTINUED, IT WOULD POSE A CHALLENGE FOR LOCAL MANUFACTURERS THE LONGER TERM.

IN

"HONG KONG'S INDUSTRIES MUST UPGRADE TO COMPETE FOR A GREATER SHARE OF THE EXPANDING PROFITS THAT ARE BEING MADE BY OTHER REGIONAL MANUFACTURERS OF HIGHER PRICED AND MORE TECHNOLOGY INTENSIVE

PRODUCTS," HE SAID.

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