XN000022-1990-11-28 — Page 19

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"THAT IS WHY WE ARE PLANNING THE CONSTRUCTION OF A NEW AIRPORT AND THE FURTHER DEVELOPMENT OF OUR PORT, ALREADY THE BUSIEST CONTAINER PORT IN THE WORLD, HE SAID.

||

SIR DAVID POINTED OUT THAT THOSE PROJECTS WOULD PROVIDE A AND CONSIDERABLE BOOST TO HONG KONG'S ECONOMY OVER THE NEXT FEW YEARS

VERY PRESENT OVERSEAS CONTRACTORS WITH SOME THEY WOULD

CHALLENGING

OPPORTUNITIES.

"AND THEY WILL PROVIDE HONG KONG WITH A QUITE OUTSTANDING TRANSPORT INFRASTRUCTURE BEFORE THE TURN OF THIS CENTURY.

THE

"WE ARE STARTING TO BUILD NOW FOR THE FUTURE PROSPERITY OF HONG KONG

FUTURE AND THE ROLE A PROSPEROUS HONG KONG CAN PLAY IN ECONOMIC EXPANSION OF SOUTHERN CHINA," SIR DAVID SAID.

IN THIS

SIR PROCESS,

DAVID SAID

THE HE BELIEVED THAT

FOR OPPORTUNITIES

AND EXPANDING TRADE, BUSINESS

INVESTMENT LINKS THE BETWEEN HONG KONG AND JAPAN WOULD BE TREMENDOUS; WHETHER THIS WAS

BUYER JAPANESE

LOOKING

AT FOR GOOD QUALITY PRODUCTS OR THE PRICES,

JAPANESE CONSTRUCTION COMPANY WITH EXPERIENCE CONTRIBUTE TOWARDS BUILDING HONG KONG'S INFRASTRUCTURE.

COMPETITIVE

ΤΟ

TURNING TO MULTILATERAL CONTEXT OF TRADE, SIR DAVID SAID HE HAD A NO DOUBT THAT COMMERCIAL RELATIONS BETWEEN JAPAN AND HONG KONG HAD BRIGHT FUTURE.

ON

HOWEVER,

DEPEND HE POINTED OUT THAT JUST HOW BRIGHT WOULD

URUGUAY MANY FACTORS, AND ONE IMPORTANT FACTOR WAS THE OUTCOME OF THE ROUND OF TRADE TALKS BEING HELD UNDER THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT).

TO

TRY ΤΟ

"MINISTERS WILL BE MEETING IN BRUSSELS NEXT WEEK REACH FINAL AGREEMENTS ON THE MANY HIGHLY COMPLEX TRADE ISSUES DEBATED OVER THE LAST FOUR YEARS.

"THESE ARE NO DRY-AS-DUST SIGNIFICANCE TO THE ORDINARY WORLD.

TECHNICAL

TALKS OF

LITTLE

"THEY ARE OF VITAL IMPORTANCE TO ALL OF US. TRADING AND TRADING POTENTIAL THROUGHOUT THE WORLD.

FOR THE MULTILATERAL TRADING SYSTEM SETBACK

SO MUCH TO HELP THE GROWTH OF TRADE OVER DONE SIR DAVID SAID.

A

SUCCESS WILL BOOST FAILURE WOULD BE WHICH HAS 40 YEARS,'

A SYSTEM THE LAST

WAS HARDLY THE GOVERNOR SAID HONG KONG LIVED BY TRADE, SO IT SURPRISING THAT HONG KONG HAD TRIED ITS HARDEST TO PLAY AN ACTIVE ROLE KEEN IN THE URUGUAY ROUND AND HARDLY SURPRISING THAT HONG KONG WAS 80 TO SEE AN OUTCOME THAT WOULD BOLSTER THE MULTILATERAL TRADING SYSTEM.

"WE LOOK WITH ANXIOUS INTEREST AT THE MINISTERIAL MEETINGS NEXT WEEK. WE WISH THEM A SUCCESSFUL OUTCOME.

INTERNATIONAL TRADE.

"SUCCESS WOULD MEAN MUCH FOR THE

IT WOULD

STABLE

ALSO SET

THE

DEVELOPMENT

FOR STAGE

OF

REGIONAL

GROWTH, HE SAID.

/ON ASIA-PACIFIC