XN000022-1993-04-22 — Page 18

THURSDAY, APRIL 22, 1993

17

IN

KCRC,

HAS FACT, THE GOVERNMENT, WITH THE AGREEMENT OF THE RECENTLY DECIDED TO LIFT ALL BUS RESTRICTIONS WITHIN THE LRT'S TRANSIT MORE COMPETITION SERVICE AREA NEXT MONTH, THUS EXPOSING THE LRT TO FROM OTHER TRANSPORT MODES.

THE

SPOKESMAN STRESSED

THAT THE CHINESE SIDE LIAISON GROUP HAD BEEN INFORMED IN ADVANCE OF THE RAILWAY DEVELOPMENT STUDY.

OF THE OUTCOME OF

JOINT THE

THEY WILL BE CONSULTED ON THE OVERALL RAILWAY DEVELOPMENT BEFORE IT IS FINALISED.

PLAN

SPECIFIC RAILWAY

THE CHINESE SIDE WILL ALSO BE CONSULTED ON

FOR IMPLEMENTATION, DEVELOPMENT PROPOSALS BEFORE THESE ARE ACCEPTED SINCE THE BULK OF EXPENDITURE WOULD TAKE PLACE AFTER 1997.

0

STRENGTHENING ECONOMIC LINKS BETWEEN YOKOHAMA AND HK

* * * * *

YOKOHAMA TRADE BETWEEN HONG KONG AND JAPAN'S MAIN PORT CITY OF SURGED LAST YEAR BY MORE THAN 40 PER CENT TO A RECORD US$4.1 BILLION.

THE FIGURES WERE RELEASED BY THE PRINCIPAL HONG KONG ECONOMIC AND TRADE REPRESENTATIVE (TOKYO), MR DAVID LAN, AT A SPECIAL FOR THE YOKOHAMA INDUSTRIAL INSTITUTE IN YOKOHAMA .

FUNCTION

YEAR KONG

=

AS AN EXAMPLE OF THE BURGEONING TRADE, MR LAN NOTED THAT ΤΟ 45,000 MOTOR VEHICLES WERE EXPORTED FROM YOKOHAMA PORT

AN INCREASE OF MORE THAN 12 PER CENT OVER THE PREVIOUS YEAR.

LAST HONG

"THERE

ARE ALSO MANY YOKOHAMA-BASED CORPORATIONS OPERATING IN CO HONG KONG SUCH AS THE YOKOHAMA BANK, NIFCO HK LTD, AND TOKAI SEKI LTD.

—

A

"AND CONTACT BETWEEN THE TWO CITIES IS STRENGTHENED THROUGH

SOMETIMES AS REGULAR INTERCHANGE OF INDUSTRIAL AND TRADE MISSIONS MANY AS FOUR A YEAR, HE ADDED.

"

MR LAN SAID AS A RESULT OF THIS EXCHANGE OF IDEAS AND EXPANDING TRADE, TIES BETWEEN THE TWO CENTRES WERE "GETTING STRONGER EVERYDAY".

HE SAID JAPANESE INVESTORS AND BUSINESSMEN TOOK A KEEN INTEREST IN THE FUTURE DEVELOPMENT OF HONG KONG.

"THIS IS INEVITABLE BECAUSE HONG KONG ATTRACTS OVER 20 PER CENT OF JAPAN'S TOTAL OUTWARD INVESTMENT IN ASIA, HE SAID.

바마

OVERSEAS

REGIONAL

"NOT ONLY IS JAPAN THE LEADING SOURCE COUNTRY OF MANUFACTURING INVESTMENT IN HONG KONG, ACCOUNTING FOR 32 PER CENT OF

TOTAL VALUE,

IT

SECOND HAS THE

LARGEST NUMBER OF HEADQUARTERS IN HONG KONG AFTER THE UNITED STATES."

THE

MR LAN