XN000022-1989-12-07 — Page 7

THURSDAY, DECEMBER 7, 1989

PROTECTIONIST

OF THE URUGUAY

RESIST

ΤΟ HE URGED THE U.S. ADMINISTRATION THREATS AND COMMIT ITSELF TO A SUCCESSFUL CONCLUSION ROUND.

THIS WAS AN

WHICH OBJECTIVE

HONG KONG AND OTHER GATT

CONTRACTING PARTIES SHARED, HE SAID.

"THE

SHOULD U.S.

PROGRESS

LIBERALISING TRADE IN TEXTILES IS IMPORTANT

то AGREE ARE TO INTELLECTUAL PROPERTY PROTECTION,

ALSO

IN

RECOGNISE

A MOVE THAT

TOWARDS IF DEVELOPING COUNTRIES

AREAS SUCH AS OTHER

HE SAID.

SERVICES

AND

MR LO ALSO TOOK THE OPPORTUNITY TO ABOUT HONG KONG'S POSITION.

DISPEL ANY MISCONCEPTIONS

"WE ARE FULLY COMMITTED TO NEGOTIATING THE INTEGRATION OF MFA INTO THE GATT.

AND TEXTILES

THE

CLOTHING INDUSTRY TO

"WE HAVE NO WISH FOR OUR CONTINUE TO BE DICTATED BY CURRENT CONSTRAINTS UNDER THE MFA.

PERMITTED, AND INDEED OR TERTIARY MANUFACTURING

"WE SEE NO REASON WHY IT SHOULD NOT BE

ADJUST, LIKE ENCOURAGED, TO SERVICE SECTOR OF OUR ECONOMY,

GOVERNMENT

DID

ANY OTHER

"

HE SAID.

NOT

PROVIDE

THAT THE OR KONG'S

ON ANTI-DUMPING, MR LO SAID IT WAS A WELL KNOWN FACT

FINANCIAL ASSISTANCE KONG HONG SURSIDIES TO COMPANIES, AND THAT COMMERCIAL JUDGEMENTS OF HONG BUSINESSMEN WERE DICTATED ENTIRELY BY FREE MARKET FORCES.

L

'COMPANIES IN HONG KONG THEREFORE HAVE NEITHER THE

ΤΟ QUANTITATIVE THE INCENTIVE TO SELL PRODUCTS SUBJECT AT LESS THAN MARKET VALUE, HE SAID.

MOTIVE NOR RESTRICTIONS

P

"IN SHORT. THE RATIONALE FOR DUMPING SIMPLY DOES NOT HONG KONG.

EXIST IN

MR LO NOTED THAT HONG KONG'S COMPETITIVE ADVANTAGE LAY SUPPLY OF BELGIE-QUALITY AND HIGH-FASHION PRODUCTS,

IN

THE

"E HAVE EVERY REASON TO BELIEVE THAT WE WILL CONTINUE TO BE ACTIVE AND SIGNIFICANT PLAYER IN THE TEXTILE TRADE IN THE 1990'S," SAID.

17

AN

HE