XN000022-1992-02-27 — Page 11

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THURSDAY, FEBRUARY 27, 1992

HE POINTED OUT THAT THERE WERE

COULD THAT THE SINGLE EUROPEAN MARKET DISGUISE.

AMONG CONCERNS BECOME

"FORTRESS

EUROPE"

LOCAL TRADERS IN

"THERE

ARE

ALSO

COMPETITION FEARS NON-EUROPEAN COMMUNITY ECONOMIES WOULD LEAD TO THE INTENSIFICATION PROTECTIONISM FROM DOMESTIC INDUSTRIES WITHIN THE COMMUNITY.

INCREASED THAT

FROM OF

"THE GOVERNMENT WILL

CLOSELY

MONITOR

AND DEVELOPMENT

ALERT

LOCAL TRADERS OF POTENTIAL HAZARD," HE SAID.

MR TSANG DESCRIBED EASTERN EUROPEAN COUNTRIES AS "A TREMENDOUS POTENTIAL".

"THESE COUNTRIES' MOVE TOWARDS THE MARKET SIGNIFICANT IMPLICATION FOR US, HE SAID.

11

MARKET OF

ECONOMY COULD HAVE

HE ADMITTED THAT TRADING WITH THESE COUNTRIES ARE ITS UNCERTAINTIES.

NOT WITHOUT

"PROBLEMS ASSOCIATED WITH HARD CURRENCY DEFICIENCIES,

BURDEN

APPROPRIATE ECONOMIC AND FINANCIAL ECONOMIC CONDITIONS IN DOING BUSINESS WITH

AND POLITICAL EXTREME CAUTION IN

OF EXTERNAL DEBTS, THE LACK OF INFRASTRUCTURE AND THE FLUID THESE COUNTRIES ALL CALL FOR THEM, MR TSANG SAID.

++

BUT HE WAS SURE THAT CHALLENGE IN A TIMELY MANNER.

LOCAL TRADERS COULD FACE UP TO

THIS

то HOME, RETURNING CLOSER REGION WAS LIKELY TO BECOME AN EVEN FOR HONG KONG.

MR

TSANG SAID THE ASIA-PACIFIC MORE IMPORTANT TRADING PARTNER

AMOUNT

"HONG KONG'S TOTAL IMPORTS WITH THE ASIA-PACIFIC REGION TO SOME 80 PER CENT OF HONG KONG'S TOTAL IMPORTS FROM THE WORLD.

"WITH INCREASED POLITICAL STABILITY, THE ECONOMIES OF THE ASIA- PACIFIC WILL GROW EVEN MORE RAPIDLY.

"THE PEACE

IN

KAMPUCHEA,

THE

DIALOGUE RELATIONSHIP

REACHED AGREEMENTS

OF NORMALISATION BETWEEN NORTH AND SOUTH KOREA AND THE

GREAT DEAL IN NURTURING THE BETWEEN CHINA AND VIETNAM SHOULD DO A

ECONOMIC PROPER ECONOMIC CLIMATE AS WE ENTER INTO AN ERA OF PEACE AND ENHANCEMENT," MR TSANG SAID.

INTO THE LASTLY, HE SAID THE ADMISSION LAST YEAR OF HONG KONG

ECONOMIC CO-OPERATION WOULD ASIA PACIFIC

DEFINITELY BRING FORWARD THE COMING OF AGE OF HONG KONG AS AN INTERNATIONAL PLAYER.

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