XN000022-1989-08-09 — Page 3

NJ

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WEDNESDAY, AUGUST 9, 1989

HAVE

CONTRIBUTED

ADDITIONALLY, OTHER PRIVATE ORGANISATIONS TOWARDS THE BUILDING OF RECREATIONAL AND CULTURAL FACILITIES SUCH AS THE OPEN SPACE ADJACENT TO HENG FA CHUEN, THE HUTCHISON PARK AND SOME OF THE FASCINATING EXHIBITS IN THE MUSEUM OF SCIENCE AND TECHNOLOGY.

++

STRONG

*THIS GENEROSITY IS A CLEAR INDICATION OF THE COMMITMENT BOTH THE COUNCIL AND THE PRIVATE SECTOR SHARE IN BUILDING A BETTER CITY OF HONG KONG," MR SO SAID.

DIRECTOR OF TRADE TALKS OF DANGER OF BILATERALISM

NATIONAL

HONG KONG BELIEVES THAT IF BILATERALISM AT THE OR PRODUCT LEVEL IS PERMITTED TO PROPAGATE IN INTERNATIONAL

GATT OUTSIDE THE

FRAMEWORK, IT WILL MEAN THE DEMISE OF MULTILATERAL TRADING SYSTEM, THE DIRECTOR OF TRADE,

MICHAEL SAID TODAY (WEDNESDAY) IN SEATTLE.

MR

LEVEL

TRADE

THE.

SZE,

MR SZE HEADS THE HONG KONG DELEGATION ATTENDING THE SEATTLE PACIFIC SUMMIT AND SYMPOSIA (FROM AUGUST 7 TO 11), AN OFFICIAL EVENT WHICH IS BEING HELD AS PART OF THE WASHINGTON STATE CENTENNIAL CELEBRATIONS.

PARTICIPANTS IN THE SUMMIT AND SYMPOSIA INCLUDE MINISTERS AND OFFICIALS FROM ABOUT 20 PACIFIC COUNTRIES.

IN A PRESENTATION ON "THE FUTURE OF

SAID CO-OPERATION" AT THE PACIFIC SUMMIT, MR SZE GREATEST DANGER CAME FROM BILATERAL SECTORAL EUPHEMISTICALLY AS VOLUNTARY EXPORT RESTRAINTS, ARRANGEMENTS OR INDUSTRY TO INDUSTRY AGREEMENTS.

HE

MULTILATERAL TRADE

THAT FELT

THE AGREEMENTS KNOWN ORDERLY MARKETING

HE POINTED OUT THAT ACCORDING TO NOTIFICATIONS TO THE CONTRACTING PARTIES, THERE WERE 232 "GREY AREA" MEASURES IN IN 1988.

"THESE GREY AREA MEASURES ARE BILATERALLY CONCLUDED THE GATT AND NOT IN CONFORMITY WITH THE PRINCIPLES AND RULES GATT.

BY

GATT EXISTENCE

OUTSIDE

OF THE

"MULTILATERAL SURVEILLANCE AND DISPUTE SETTLEMENT 1S THE ONLY WAY TO FOSTER AN ENVIRONMENT WHICH OFFERS STABILITY, CERTAINTY, PREDICTABILITY IN TRADING RELATIONS AND SOLUTIONS TO BILATERAL TRADE PROBLEMS WHICH WOULD AS FAR AS PRACTICABLE NOT AFFECT THE INTERESTS OF THIRD PARTIES," MR SZE SAID.

VIEW,

HE STRESSED THAT, IN HONG KONG'S

INFORMAL DIALOGUE AT THE REGIONAL LEVEL SUCH AS THE SEATTLE PACIFIC SUMMIT SHOULD COMPLEMENT THE FORMAL MULTILATERAL PROCESS IN THE URUGUAY ROUND.

HONG KONG IS ALSO REPRESENTED AT THE SYMPOSIA BY THE DIRECTOR OF AGRICULTURE AND FISHERIES, DR LAWRENCE LEE,

THE ASSISTANT AND THE

AGRICULTURE

DIRECTOR OF

AND FISHERIES, DR THOMAS ASSISTANT DIRECTOR OF INDUSTRY, MR ERNEST EVANS.

YIP,

THE HONG KONG DELEGATION IS ACCOMPANIED BY THE DEPUTY OF THE HONG KONG ECONOMIC AND TRADE OFFICE IN SAN FRANCISCO, CHAN.

DIRECTOR

MR

JACK

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