XN000022-1991-09-12 — Page 8

THURSDAY, SEPTEMBER 12, 1991

7

SAID THE SIGNING OF AIRPORT PROJECT HANGING OVER THE

IN HIS ADDRESS EARLIER TODAY, SIR DAVID THE MEMORANDUM OF UNDERSTANDING LAST WEEK ON THE NEW HAD BLOWN AWAY THE POLITICIAL CLOUD WHICH HAD BEEN PROJECT.

THAT THE PROJECT

GO AHEAD WILL "EVERYONE IS NOW CLEAR

MORE THAN ANYTHING ELSF, SCHEDULED. THE SIGNING OF THE AGREEMENT, HAS CHANGED THE ATTITUDE OF POTENTIAL INVESTORS TOWARDS THE PROJECT.

"WITH THE POLITICAL

WILL FOCUS ON THE COMMERCIAL

RISKS

NOW VIABILITY.

LARGELY

REMOVED,

FINANCIERS

IS ONE WHICH INSTITUTIONS REGION,

HE

"BUT FROM ALL WE HAVE HEARD 50 FAR, THE PROJECT FITS WELL INTO THE RENEWED INTEREST OF JAPAN'S FINANICAL IN THE ASIAN IN INFRASTRUCTURE PROJECTS, PARTICULARLY SAID.

WAS CLEAR FROM THE THE CHIEF SECRETARY SAID IT EVERYONE WAS ENTHUSIASTIC ABOUT THE PROJECT.

VISIT

THAT

SO I WOULD

**JAPAN HAS ALREADY INVESTED HEAVILY IN HONG KONG, EXPECT JAPANESE FIRMS TO PLAY A SIGNIFICANT ROLE IN THE NEW PROJECT.'

IIOWEVER, HE SAID IT WAS

AN

INTERNATIONAL

WHICH PROJECT

HAD EUROPE AND THE UNITED ALSO GENERATED A GREAT DEAL OF INTEREST FROM

PROJECT OF ANY

IN THE

WOULD COUNTRY STATES, AND THE INVOLVEMENT OBVIOUSLY DEPEND ON THE COMPETITIVENESS OF THEIR BIDS.

EXTERNAL TRADE STATISTICS FOR JULY RELEASED

DETAILED (THURSDAY)

TOTAL MERCHANDISE TRADE IN JULY 1991, AT $138,768 MILLION, GREW BY 25% IN VALUE AS COMPARED WITH JULY 1990, ACCORDING TO THE FIGURES ON THE VALUE OF TRADE IN JULY 1991 RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.

VALUE OF DOMESTIC OVER THE SAME PERIOD OF COMPARISON, THE

RE-EXPORTS EXPORTS INCREASED BY 4% TO $21,180 MILLION, WHILE THAT OF ROSE BY 34% TO $48,505 MILLION.

INCREASED THE VALUE OF TOTAL EXPORTS BY 23% TO $69,685 MILLION. THE VALUE OF IMPORTS INCREASED BY 27% $69,082 MELLION.

ΤΟ

1991,

THE VALUE OF TOTAL MERCHANDISE TRADE IN JANUARY TO JULY AT $836,027 MILLION, INCREASED BY 22% AS COMPARED WITH THE SAME PERIOD IN 1990.

VALUE OF DOMESTIC OVER THE

PERIOD OF COMPARISON, THE SAME

RE-EXPORTS EXPORTS INCREASED BY 4% TO $126,103 MILLION, WHILE THAT OF

THE VALUE OF TOTAL INCREASED

28% TO $281,620 MILLION,

OF THE VALUE

IMPORTS EXPORTS INCREASED BY 20% TO $407,723 MILLION. INCREASED BY 24% TO $428,303 MILLION.

BY

THUS,

/THE CHANGES