XN000022-1992-01-20 — Page 3

2

MONDAY, JANUARY 20, 1992

KONG/

SIR DAVID POINTED OUT THAT SINCE 1970, THE VALUE OF HONG GERMANY BILATERAL TRADE HAD INCREASED BY 600 PER CENT IN REAL TERMS.

"MORE RECENTLY,

A DIRECT THE UNIFICATION OF GERMANY HAS HAD

1988 IN

THE OFFICE DEALT IMPACT ON THE WORK OF THE HKTDC OFFICE. WITH 14,500 TRADE ENQUIRIES. IN 1991 THE FIGURE WAS 18,500.

"

'GERMANY IS NOW HONG KONG'S FIFTH LARGEST TRADING PARTNER, THERE ARE WELL OVER 400 GERMAN BUSINESSES OPERATING IN HONG KONG," SAID.

AND

HE

NOTING THAT THERE WERE CLOUDS ON THE WORLD TRADE HORIZON, DAVID

TRADE BILATERAL

FRICTIONS

THE AROUND

AND THE SAID

WORLD

REAL DIFFICULT NEGOTIATIONS IN THE GATT URUGUAY ROUND WERE CAUSES FOR CONCERN.

SIR

IN

GERMAN AND HONG KONG NEGOTIATORS ARE WORKING TO AVOID

WE BOTH SEE THE TREMENDOUS ADVANTAGES INTERNATIONAL TRADE. COMMONLY AGREED MULTILATERAL TRADE FRAMEWORK, HE SAID.

T

STRIFE OF A

WOULD BILATERAL

CLOSER TO THE MARKET PLACE, THE GOVERNOR SAID, THE HKTDC CONTINUE TO PLAY A VITAL PART IN HONG KONG/GERMANY RELATIONSHIP.

BEYOND GERMANY, THE OFFICE IN FRANKFURT HAD RESPONSIBILITIES GOVERNOR

THAT IT WAS THE SAID, ADDING

HKTDC's CENTRE OF THE OPERATIONS SERVICING THE EMERGING MARKETS OF EASTERN EUROPE.

THE

0

THE GOVERNMENT IS IN CHARGE: SIR DAVID

THE GOVERNMENT IS STILL CLEARLY IN CHARGE AND HAS NO INTENTION OF BEING KNOCKED OFF COURSE BY CHANGES IN THE LEGISLATIVE COUNCIL, THE DEPUTY TO THE GOVERNOR, SIR DAVID FORD, SAID TODAY (MONDAY).

THE THE

ADDRESSING THE HONG KONG INTERNATIONAL INAUGURAL LUNCHEON FOR "AMBASSADORS PROGRAMME, SIR DAVID DESCRIBED AS NONSENSE,

THAT PERCEPTION

THE SO-CALLED

RADICAL

ELEMENTS COUNCIL WERE OUT TO SPOIL EVERYTHING THAT THE HAD BUILT UP OVER THE YEARS.

LEGISLATIVE

IN

THE

GOVERNMENT

"WE

UNDERSTAND

THAT

ARE INDEED FORTUNATE IN HONG KONG IN HAVING ABOVE ALL THAT WHAT HAS MADE HONG KONG SUCCESSFUL WE'VE HAD A CONSENSUS ABOUT WHAT HAS CONTRIBUTED

PEOPLE WHO IS THE THAT

FACT SUCCESS.

"LOW

TAXATION, FOCUS ON INCENTIVE, THE IMPORTANCE OF AND GROWTH IN THE ECONOMY AND NOTHING I HAVE EVER HEARD SUGGESTS THAT THEY ARE GOING TO TRY TO OVERTHROW THAT.

ΤΟ

BUSINESS

SAY

THEM

"WE DO

+