XN000022-1989-10-04 — Page 4

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WEDNESDAY, OCTOBER 4, 1989

WHILE

IT WAS ACCEPTED THAT A DEGREE

CONSUMERS PROTECTION TO

OF REGULATION

ΤΟ AND

ENSURE REQUIREMENTS WERE

APPLIED PRINCIPALLY TO

INEVITABLE TO AFFORD MINIMUM PROFESSIONAL STANDARDS OR PRUDENTIAL IN A NUMBER OF INSTANCES THE MEASURES WHICH WERE

DESIGNED WERE BEYOND THESE PURPOSES AND OVERSEAS COMPETITION. MR NENDICK SAID.

IN

WAS

THAT

MET,

WENT WELL DISCOURAGE

TO RELATION

MARKET AND TO CAPITAL AND LABOUR,"

THE

INCLUDES OBSTACLES "THE MOST COMMON ESTABLISHMENT OF A COMMERCIAL PRESENCE IN AN OVERSEAS THE MOVEMENT OF FACTORS OF PRODUCTION. SUCH AS HE SAID.

FOR

DISCLOSURE REQUIREMENTS "OTHER RESTRICTIONS INCLUDE DIFFERENT

IN FINANCIAL SERVICES, AND FOREIGN INSTITUTIONS DOMESTIC

IN TRANSPORTATION. DISCRIMINATORY RESTRICTIONS OF CABOTAGE TRADE

SERVICES ACCREDITATION OF PROFESSIONAL QUALIFICATIONS IN PROFESSIONAL AND THE LIST GOES ON." HE POINTED OUT.

GREAT EXPORT

IN

HONG KONG'S

POTENTIAL IN ORDER TO REALISE

MORE OPEN AND FAIR MULTILATERAL SERVICES. MR NENDICK CALLED FOR A TRADING SYSTEM GOVERNING SUCH TRADE.

THE

THE HONG KONG SEMINAR ON TRADE IN SERVICES. BEING HELD FOR

DEPARTMENT FIRST TIME IN HONG KONG, IS JOINTLY ORGANISED BY THE TRADE AND THE HONG KONG TRADE DEVELOPMENT COUNCIL.

ABOUT 160 PARTICIPANTS ARE TAKING PART

IN THE SEMINAR. THEY

INCLUDING SERVICES SECTOR

BANKING, INSURAN E, ACCOUNTING, ADVERTISING AND COMMUNICATIONS.

COME FROM A WIDE RANGE OF THE

REPORT ON ELECTRONIC DATA INTERCHANGE BEING STUDIED * * * * * *

ENSURE IS TO

ELECTRONIC THAT THAT THE INTEREST SERVED. THE

THE GOVERNMENT'S MAIN CONCERN DATA INTERCHANGE (EDI) IS DEVELOPED IN SUCH A WAY OF THE HONG KONG TRADING COMMUNITY AS A WHOLE SECRETARY FOR THE TREASURY, MR HAMISH MACLEOD, SAID TODAY (WEDNESDAY).

IS BEST

MR MACLEOD

ADDRESSING THE EDI ASIA '89 SEMINAR, THAT THE GOVERNMENT WAS AT PRESENT EXAMINING PROPOSALS IN THE CONSULTANTS' REPORT COVERING LEGAL AND COMMERCIAL ISSUES INVOLVED IN THE SERVICE.

IN DETAIL

THE MANY INTRODUCTION

POINTED OUT THE VARIOUS

REGULATORY, OF SUCH A

GOVERNMENT AND TRADELINK THE STUDY WAS JOINTLY FUNDED BY THE ELECTRONIC DOCUMENT SERVICES LTD, A COMPANY WHICH HAS BEEN SET

OF 11 CONSORTIUM PROMOTE THE EDI PROJECT BY A

UP ΤΟ LEADING HONG KONG

BUSINESSES.

/"WE DO