XN000022-1993-05-27 — Page 10

THURSDAY, MAY 27, 1993

HONG KONG AT THE CROSSROADS OF ASIA

FREE TRADE, ENTREPRENEURSHIP AND GEOGRAPHICAL LOCATION HELPED HONG KONG TO BECOME THE 10TH LARGEST TRADING ECONOMY IN WORLD WITH A GDP THE ENVY OF MANY DEVELOPED NATIONS, ACCORDING TO

JAPAN, PRINCIPAL HONG KONG ECONOMIC AND TRADE REPRESENTATIVE IN DAVID LAN.

HAD

THE

THE

MR

BUSINESS

ADDRESSING THE GENERAL MEETING OF THE HONG KONG-JAPAN CO-OPERATION COMMITTEE OF KEIDANREN IN TOKYO TODAY, MR LAN SAID WAS THE FASTEST GROWING REGION IN THE WORLD WITH PREDICTIONS OF A AND HONG KONG PER CENT ANNUAL GROWTH RATE OVER THE NEXT DECADE RIGHT IN THE HEART OF THIS DEVELOPMENT.

THE

J

ASIA

5-6

WAS

IS

THE MAJOR

KEIDANREN (JAPAN FEDERATION OF ECONOMIC ORGANISATIONS) MOST INFLUENTIAL ORGANISATION IN JAPAN INCORPORATING

THE BUSINESS SECTOR.

AS "HONG KONG'S EXPERTISE AND ITS RANGE OF SUPPORTING SERVICES

ATTRACT A BACK UP FOR INVESTORS ARE JUST SOME OF THE INCENTIVES THAT OVERSEAS COMPANIES TO ESTABLISH THEIR REGIONAL HEADQUARTERS OR OFFICES IN THE TERRITORY, GENERALLY AS A BASE FROM WHICH TO DO BUSINESS CHINA.

WITH

TAKING

"IN FACT, MANY FOREIGN CORPORATIONS ARE ALREADY

IN 1992, ADVANTAGE OF OUR UNIQUE POSITION AS THE GATEWAY TO CHINA. NEARLY 1,350 REGIONAL REPRESENTATIONS HAD BEEN ESTABLISHED BY OVERSEAS COMPANIES IN HONG KONG," MR LAN SAID.

OF

EXPERTS

INFRASTRUCTURE,

HONG AND

HE SAID IN ADDITION TO WELL ESTABLISHED KONG

DRAW COULD

ON A LARGE POOL

WITH KNOWLEDGE EXPERIENCE OF CHINA, ITS CULTURE AND LANGUAGE, AS WELL AS HOW BUSINESS OPERATED IN THE WEST,

THIS

OF

MULTI- THE BUSINESS

HAD OFTEN RESULTED IN THE FORMATION KNOW-HOW NATIONAL PARTNERSHIPS WITH HONG KONG REPRESENTATION IN VENTURE.

ON

THE

CONSTRUCTION

OF

JAPANESE NEW AIRPORT, MR LAN NOTED THAT COMPANIES HAD BEEN AWARDED THE LARGEST SHARE OF CONTRACTS IN TERMS VALUE AND THE NUMBER OF PROJECTS.

I

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