XN000022-1991-10-03 — Page 3

THURSDAY, OCTOBER 3, 1991

2

ON THE OVERSEAS ESTABLISHED ITS PRESENCE.

FRONT,

MR BARNES SAID THE TDC HAD

APART FROM BEING REPRESENTED AT 34 LOCATIONS IN MAJOR BUSINESS VARIOUS CENTRES IN THE WORLD, THE COUNCIL HAD ALSO ORGANISED MANY AND KINDS OF PROJECTS TO PROMOTE HONG KONG'S IMAGE ABROAD.

17

"THE TDC AND ITS STAFF ARE TO BE CONGRATULATED ON REMARKABLE ACHIEVEMENTS, MR BARNES SAID.

ALL

THESE

STALLED TRADE TALKS AFFECT MULTILATERAL SYSTEM

A STALLED URUGUAY

GATT

ROUND OF HELD UNDER THE

COULD ENGENDER PROTECTIONIST MEASURES OR MOVES TOWARDS TRADING BLOCS.

MULTILATERAL TRÅDE

NEGOTIATIONS INWARD-LOOKING

AND INDUSTRY, CONFERENCE OF CONVENTION AND

THIS REMARK WAS MADE BY THE SECRETARY FOR TRÅDE MR T.H. CHAU, WHEN HE OPENED THE SEVENTH INTERNATIONAL

AT THE HONG KONG COALITIONS OF SERVICE INDUSTRIES EXHIBITION CENTRE THIS (THURSDAY) MORNING.

MR CHAU SAID THESE MEASURES COULD ONLY BE THE MULTILATERAL SYSTEM WHICH HAD BEEN A POWERFUL SINCE THE SECOND WORLD WAR.

AT THE EXPENSE OF ENGINE FOR GROWTH

MÅDE SO FOSTER FURTHER то A SUCCESSFUL

"I HOPE THAT THE SUBSTANTIAL PROGRESS WHICH HAS BEEN

UNDER NEGOTIATION WILL HELP TO FAR IN MANY AREAS PROGRESS IN GENEVA SO THAT THE ROUND CAN BE BROUGHT CONCLUSION IN THE COMING MONTHS," HE SAID.

THE URUGUAY ROUND ÁT WERE WELL-KNOWN, AND HARD

TALKING ABOUT THE UNCERTAINTIES FACING THIS TIME, MR CHAU SAID THE DIFFICULTIES DECISIONS FACED ALL PARTICIPANTS.

BE TAKEN 80 THAT "I REMAIN HOPEFUL THAT SUCH DECISIONS WILL THE OPPORTUNITIES PRESENTED BY THE URUGUAY ROUND CAN BE REALISED.

SUCH A

"BUT I AM CONSCIOUS THAT SOME MAY FEEL THAT THEY CANNOT

CANNOT TAKE

THE

ΤΟ ROUND

MOVE AHEAD. THE NECESSARY ACTION TO ENABLE DEVELOPMENT WOULD SERVE NOBODY'S INTERESTS," HE SAID.

LAST YEAR MR CHAU SAID HONG KONG MADE CLEAR AT BRUSSELS

YEAR THAT

REMAINED READY HONG KONG

A NEGOTIATE

URUGUAY BALANCED PACKAGE, INCLUDING AN AGREEMENT ON TRADE IN SERVICES.

то

ROUND

IN THE "WE FIRMLY BELIEVE THIS TO BE IN OUR OWN INTEREST, AND

END IN GENEVA, HE INTERESTS OF ALL, AND WE WILL WORK TOWARDS THIS SAID.

rl

AND

IN AS REGARDS TRADE

SERVICES IN HONG

CHAU SAID MR KONG, OF HONG KONG'S GDP, SERVICES ACCOUNTED FOR AROUND 70 PER CENT PROVIDED EMPLOYMENT FOR OVER 60 PER CENT OF ITS WORKFORCE.

/MR CHAU