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THURSDAY, MARCH 22, 1990

ALREADY SIGNED

A

MUTUAL SCHEME WITH UNITED KINGDOM THAT TESTING THIS

"THIS IS BECAUSE HOKLAS HAS RECOGNITION AGREEMENT UNDER THE LABORATORY ACCREDITATION THE NATIONAL MEASUREMENT ACCREDITATION SERVICE OF THE (NAMAS), AND THE EC COMMISSION HAS CONFIRMED IN WRITING

BE LABORATORIES WOULD ACCREDITED IN HOKLAS PURPOSE," HE SAID.

THE

ACCEPTABLE

AND

TURNING TO RECENT EVENTS IN EASTERN EUROPE, MR

IMPACTS ON HONG

TRADERS KONG'S POSSIBLE "FIRSTLY, THE REC ARE LIKELY TO BE SYMPATHETIC TOWARDS

ECONOMIC EASTERN EUROPEAN COUNTRIES FOR MARKET ACCESS.

FOR

LEUNG SAID OF

MANUFACTURERS: REQUESTS FROM INCREASED

AND CO-OPERATION

"THE NET EFFECT IS THEREFORE TO INCREASE

THE EXPENSE OF SOME

AS A WHOLE, POSSIBLY AT

COUNTRIES FOR NON-EUROPEAN RATIOS.

PRODUCTS

OF

TRADE WITHIN EUROPE MARKET SHARE OF COMPARABLE QUALITY/PRICE

EUROPEAN

ALSO BE VIEWED BY "SECONDLY, EASTERN EUROPE COULD MANUFACTURERS AS A VAST HINTERLAND OF SUB-CONTRACTING OPPORTUNITIES.

CAN ALSO BE "THIRDLY, HIGHER CAPITAL FLOWS TO EASTERN EUROPE

AND WORLD LIQUIDITY

FIRMER EXPECTED. THIS COULD LEAD TO TIGHTER

DIVERT SOME INVESTMENT ATTENTION INTEREST RATES. THIS COULD

FROM OTHER PARTS OF THE WORLD INCLUDING THE ASIA PACIFIC.

EUROPE, WITH TREMENDOUS POTENTIAL,

ON THE OTHER HAND, MR LEUNG POINTED OUT, EASTERN

MARKET OF A POPULATION OF 420 MILLION, WAS A PARTICULARLY FOR GOODS IN THE LOWER PRICE RANGES.

DEMAND FOR "THE INABILITY TO MEET

CONSUMER GOODS BY LOCAL

WOULD PRODUCTION

PRESENT

то CONSIDERABLE BUSINESS OPPORTUNITIES

IN TRADE LIBERALISATION WOULD FOREIGN SUPPLIERS. MOREOVER, REFORMS ALSO PROVIDE NEW SALES CHANNELS," HE SAID.

WOULD SEEM EASTERN

EUROPE

HE CONCLUDED THAT, ON BALANCE, IT PRESENTED ITSELF MORE AS AN OPPORTUNITY RATHER THAN A THREAT.

PER CENT OF ALL

"AS THE EEC ACCOUNTS FOR 36.6

WORLD TRADE (COMPARED WITH 13.3 PER CENT FOR THE U.S. AND 7.7 PER CENT FOR JAPAN), IT HAS A LARGE STAKE IN FREE AND OPEN INTERNATIONAL TRADE.

REMAIN 'FORTRESS

то COMMUNITY "ONE CAN THEREFORE REASONABLY EXPECT THE

OF DEVELOPING INTO A ESSENTIALLY AN OPEN MARKET INSTEAD EUROPE'.

"ONE THING IS CERTAIN: WHETHER MANUFACTURERS ARE ABLE TO REAP BENEFITS FROM THE SINGLE EUROPEAN DEPENDS ON THEIR FLEXIBILITY AND CAPABILITY.

"HONG KONG MANUFACTURERS ARE RENOWNED FOR HAVE THEREFORE EVERY CONFIDENCE THAT THEY WILL BE NEW CHALLENGES AHEAD, MR LEUNG SAID.

"

OUTSIDE THE ЕВС MARKET ULTIMATELY

THESE

QUALITIES. I ABLE ΤΟ MEET THE

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