XN000022-1989-05-25 — Page 3

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THURSDAY, MAY 25, 1989

NOTED THAT HONG KONG TURNING TO EUROPEAN COUNTRIES, MR CHAN

WHICH HAD ANTI-DUMPING CASES

BEEN WAS CURRENTLY INVOLVED IN SEVEN INITIATED BY THE EUROPEAN COMMISSION SINCE DECEMBER 1987.

HE SAID HE PICKING UP THE GAUNTLET.

WAS PLEASED

ΤΟ

SEE THAT

LOCAL

INDUSTRIES

WERE

AN INJURY CLOTH

"THE TEXTILE INDUSTRY HAS COME TOGETHER TO SPONSOR

ON DENIM COMMISSION, EUROPEAN STUDY, TO BE SUBMITTED TO THE WHICH IS THE SUBJECT OF THE MOST RECENT ANTI-DUMPING ACTION.

"NO

DOUBT THESE

EFFORTS

WILL COMPLEMENT

THE

GOVERNMENT'S

ACTION," HE SAID.

MR CHAN ASSURED

LOCAL EXPORTERS

GOVERNMENT

THAT HONG KONG OVERSEAS OFFICES WOULD CONTINUE TO MONITOR DEVELOPMENTS VERY CLOSELY THEY RECEIVED IT WHILE THE TRADE AND CHANNEL INFORMATION BACK AS

AND OFFERING DEPARTMENT WAS LIAISING CLOSELY WITH AFFECTED COMPANIES ADVICE WHENEVER POSSIBLE.

BEEN

EMPLOYED DIRECT

HE REMINDED EXPORTERS THAT TWO CONSULTANTS HAD

HAD MADE NUMEROUS

ADVICE

GOVERNMENT

то GIVE

AND THE REPRESENTATIONS TO THE EUROPEAN COMMISSION.

HK WELL PLACED TO BENEFIT IN TRADE

STRATEGICALLY

LOCATED AT

THE WESTERN RIM OF THE FAST PLACED TO BENEFIT DEVELOPING ASIA-PACIFIC REGION, HONG KONG IS WELL

THE DIRECTOR OF TRADE, MR FROM THE ECONOMIC GROWTH IN THE REGION, MICHAEL

SAID IN AN ADDRESS TO THE

MANUFACTURERS' CHINESE ASSOCIATION THIS (THURSDAY) EVENING.

SZE,

LINK WITH MR SZE SAID THAT HONG KONG'S TRADING THE ASIA-PACIFIC REGION HAD BEEN STEADILY EXPANDING.

ECONOMIES IN

TAKING 1970 AS THE BASE YEAR AND COMPARING IN WITH KONG'S DOMESTIC EXPORTS TO THE WORLD HAD INCREASED BY 16.6 IMPORTS FROM THE WORLD ROSE BY 27 TIMES, HE SAID.

1988, HONG TIMES AND

WITH CHINA AND TAIWAN IN THE SAME PERIOD, HONG KONG'S TRADE

ASEAN WAS EVEN MORE SPECTACULAR THAN THAT WITH JAPAN, SOUTH KOREA AND

TAIWAN WERE UP COUNTRIES: HONG KONG'S DOMESTIC EXPORTS TO CHINA AND BY WELL OVER 1,200 TIMES AND 240 TIMES RESPECTIVELY, AND IMPORTS BY 57 AND 53 TIMES RESPECTIVELY.

THE

MR SZE SAID THAT THIS HIGHLIGHTED ECONOMIC RELATIONS BETWEEN CHINA AND HONG KONG.

DEVELOPMENT

INCREASINGLY

HAS

BEEN

ROSE

IMPORTANT

THE

RISING

"THE MOST CONSPICUOUS IMPORTANCE OF CHINA AS HONG KONG'S NUMBER ONE TRADING PARTNER.

"CHINA IS