XN000022-1992-04-10 — Page 3

FRIDAY, APRIL 10, 1992

"THEY ARE LOCAL PARTNERSHIPS WITH PARTNERS FROM MANY COUNTRIES, INCLUDING MANY HONG KONG PROFESSIONALS. MANY HAVE A HIGH PERCENTAGE OF LOCAL STAFF SOME AS HIGH AS 70 PER CENT OR MORE, INCLUDING

PROFESSIONALS.

11

ON WORKS CONTRACTS, MR BLAKE SAID ONLY TWO AWARDS OUT OF A TOTAL OF 26 HAD GONE TO UK COMPANIES, AND THESE HAD BEEN FOR VERY SMALL SITE INVESTIGATION CONTRACTS.

THE 26 CONTRACTS INCLUDED 15 SITE INVESTIGATIONS VALUED BETWEEN $1.2 MILLION AND $38.2 MILLION, AND 11 CIVIL ENGINEERING WORKS CONTRACTS VALUED BETWEEN $4,19 MILLION AND $1,553.9 MILLION.

THE SUCCESSFUL FIRMS COMPRISED:

HK

UK

FRANCE

CHINA

MULTINATIONAL JOINT VENTURES (4)

JAPAN/NETHERLANDS

HK/FRANCE

HK/NETHERLANDS

15

2

4

1

2

1 1

BRITISH-ORIGINATED

"THE STRONG PRESENCE OF THE

NAMES IN THE CONSULTANCIES HAS NOT GIVEN ANY ADVANTAGE TO UK COMPANIES IN BIDDING FOR WORKS CONTRACTS WHICH HAVE ALREADY BEEN AWARDED, NOR WILL IT DO SO ON CONTRACTS TO BE LET IN THE FUTURE.

IS

MULTINATIONAL,

"THE SELECTION OF CONTRACTORS, WHETHER LOCAL OR STRICTLY BASED ON THE EXTENT то WHICH THEY CAN MEET THE GOVERNMENT'S REQUIREMENTS," MR BLAKE SAID.

ANALYSIS OF HK'S RE-EXPORT TRADE IN 1991

BY MARKET AND BY COUNTRY OF ORIGIN

HONG KONG'S RE-EXPORTS AMOUNTED TO $534,841 MILLION IN 1991, WHICH REPRESENTED A GROWTH OF 29% IN VALUE AS COMPARED WITH 1990.

THIS IS ACCORDING TO THE SUMMARY STATISTICS ON HONG KONG'S RE-EXPORTS IN 1991 ANALYSED BY MARKET AND BY COUNTRY OF ORIGIN RELEASED BY THE CENSUS AND STATISTICS DEPARTMENT TODAY (FRIDAY).

RE-EXPORTS BY MARKET

THE CHANGES IN THE VALUE OF RE-EXPORTS TO THE 10 MAJOR MARKETS ARE GIVEN IN TABLE 1.

/CHINA AND