XN000022-1992-03-02 — Page 4

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MONDAY, MARCH 2, 1992

"INDEED, AS THE 11TH LARGEST TRADING ENTITY IN THE WORLD FOURTH LARGEST IN ASIA PACIFIC, WE CLEARLY HAVE A ROLE TO PLAY, AND CONTRIBUTION TO MAKE, IN REGIONAL ECONOMIC CO-OPERATION, HE SAID.

AND A

MR MACLEOD NOTED THAT ASIA PACIFIC WAS RECKONED TO BE THE FOR FASTEST GROWING AND MOST DYNAMIC REGION IN THE WORLD, ACCOUNTING HALF OF THE WORLD'S GROSS NATIONAL PRODUCT AND ONE-THIRD OF WORLD TRADE.

MR MACLEOD SAID HONG KONG WAS NOW A MEMBER OF THE ASIA-PACIFIC ECONOMIC CO-OPERATION (APEC), THE PACIFIC ECONOMIC CO-OPERATION CONFERENCE (PECC) AND THE PACIFIC BASIN ECONOMIC COUNCIL (PBEC).

"MEMBERSHIP OF THESE ORGANISATIONS HAS ENABLED HONG KONG TO A DISCUSS

REGION AT VARIOUS LEVELS WITH OUR TRADING PARTNERS IN THE FULL RANGE OF TRADE AND ECONOMIC ISSUES," MR MACLEOD SAID.

HE POINTED OUT THAT AS A TESTIMONY OF HONG KONG'S IMPORTANCE AS A LEADING FINANCIAL CENTRE IN THE REGION, THE TERRITORY WOULD BE MAY HOSTING THE 25TH ANNUAL MEETING OF THE ASIAN DEVELOPMENT BANK IN THIS YEAR.

"THIS WILL DRAW TO THIS TERRITORY SOME 1,000 LEADING CENTRAL BANKERS

FINANCIAL AND MEMBERS OF THE INTERNATIONAL

COMMUNITY AROUND THE WORLD," HE SAID.

FROM

AHEAD,

LOOKING

WOULD MR MACLEOD SAID HONG KONG BENEFIT FROM ITS STRATEGIC LOCATION AND ROLE AS A TRADE AND CENTRE IN THE ASIA PACIFIC.

CONTINUE

ΤΟ

FINANCIAL

"WE SHALL MEET NEW CHALLENGES BY OUR EFFORTS TO UPGRADE OUR INDUSTRIES, ENHANCE OUR MANPOWER TRAINING AND INFRASTRUCTURE.

IMPROVE

OUR

"THE

ASIA PACIFIC HOLDS GREAT PROMISE FOR ALL OF US AND I CONFIDENT THAT HONG KONG WILL THRIVE IN NEIGHBOURS," MR MACLEOD SAID.

AM

CO-OPERATION

WITH

OUR

CONSULTANCY STUDY ON INDUSTRY-RELATED ENVIRONMENTAL ISSUES

THE INDUSTRY DEPARTMENT TODAY (MONDAY) COMMISSIONED A $12 MILLION CONSULTANCY STUDY ON SUPPORT TO INDUSTRY ON ENVIRONMENTAL MATTERS IN HONG KONG.

THE DIRECTOR-GENERAL OF INDUSTRY, MR T.H. BARMA, SIGNED THE CONSULTANCY AGREEMENT WITH THE DIRECTOR OF GILMORE HANKEY KIRKE

LTD., DR NICHOLAS MILES, AND THE MANAGING DIRECTOR OF CES (ASIA) LTD., DR

ROBERT STERRITT.

/SPEAKING AFTER

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