XN000022-1991-11-14 — Page 3

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THURSDAY, NOVEMBER 14, 1991

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HK'S PARTICIPATION IN APEC WELCOMED

* * *

AND THE SEOUL MINISTERIAL

WITH OTHER ISSUES, THE SECRETARY

HONG KONG IS NOW A MEMBER OF APEC, MEETING HAS GIVEN US A GOOD OPPORTUNITY TO EXCHANGE VIEWS MEMBERS ON A WIDE RANGE OF TRADE AND ECONOMIC FOR TRADE AND INDUSTRY, MR T.H. CHAU, SAID TODAY (THURSDAY).

MEETING MINISTERIAL THIRD

OF THE ASIA AT THE CLOSE OF THE

SEOUL, MR CHAU SAID: PACIFIC ECONOMIC CO-OPERATION (APEC) TODAY IN

OCCASIONS AT "THESE EXCHANGES TOOK PLACE ON BOTH FORMAL AND INFORMAL VERY HIGH LEVELS.

WELCOMED BY HONG KONG WAS WARMLY

MINISTERS PRESENT

THAT HONG KONG'S MEETING. IN THEIR JOINT STATEMENT, THEY REAFFIRMED

GREATER ECONOMIC CO-OPERATION IN PARTICIPATION WOULD CONTRIBUTE TO THE REGION.

AT

THE

MR CHAU "APEC III HAS BEEN A PARTICULARLY SIGNIFICANT EVENT,"

MEMBERS SAID. "NOT ONLY BECAUSE IT SAW THE PARTICIPATION OF THREE NEW

AND CHINA OF HONG KONG,

BUT ALSO BECAUSE TWO IMPORTANT

DECLARATIONS WERE MADE.

TAIWAN,

"THE

FIRST DECLARATION

SETS

OUT

PRINCIPLES AND OBJECTIVES OF APEC. FUTURE. IT ALSO REAFFIRMS APEC'S COMMITMENT TO TRADING SYSTEM.

FOR THE FIRST TIME THE IT OUTLINES ITS PLANS FOR THE AN OPEN MULTILATERAL

"THE

SECOND

DECLARATION ADDRESSES

THE

URUGUAY

ROUND.

IT ISSUE THE

RECOGNISES THE URUGUAY ROUND AS THE MOST CRITICAL ECONOMIC WORLD IS FACING RIGHT NOW.

"IN

то

PLEDGED

AND

ΤΟ MINISTERS

INSTRUCT THE DECLARATION,

ΤΟ NEGOTIATORS

GENEVA,

A FINALISE COMPREHENSIVE AND SUBSTANTIAL PACKAGE BY THE END OF THIS YEAR."

RETURN

THEIR BALANCED,

MR CHAU ADDED THAT HONG KONG

WOULD PLAY AN ACTIVE PART IN

APEC'S WORK PROGRAMME.

THE CURRENT

COVERING EXCHANGE OF

REGIONAL TECHNOLOGY

MARINE RESOURCE CONSERVATION,

TRANSPORTATION AND TOURISM.

PROGRAMME APEC WORK

CONSISTS TRADE AND INVESTMENT DATA,

HUMAN TRANSFER,

OF 10 PROJECTS TRADE PROMOTION, RESOURCE DEVELOPMENT, ENERGY,

TELECOMMUNICATIONS,

FISHERIES,

0

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