+
9.
"These institutions rightly refrain from the start from trying to flatten out the playing field. They do what they should do, that is to enshrine common trade rules and codes of conduct, under which international trade is fairly and orderly conducted.
"Thus, while there are rules on tariffs and non- tariff barriers, on export subsidies, on anti-competitive behaviour by firms engaged in international trade and so on, they have never attempted to dictate how members should run their domestic economies by imposing arbitrary social standards.
11
'Changing the role of the institutions to that of a social policeman will only undermine their legitimacy, and jeopardise the fair and free trading system which has been established after years of hard work, and which has served us well for years.
"We must not let attempts to create a link between trade and arbitrary social standards open up new opportunities for protectionism."
Speaking to the plenary session's main theme "Strengthening regional co- operation in human resources development, with special reference to the social implications of sustainable economic growth in Asia and the Pacific", Mr Yiu also outlined in his speech Hong Kong's experience in human resources development, particularly in education and labour.
End/Tuesday, April 25, 1995
TAC endorses Lantau taxi fares increase
The Transport Advisory Committee (TAC) today (Tuesday) endorsed an 11.1 per cent fare increase for Lantau taxis from July 1995.
The existing fares and recommended fares are as follows:
Existing fares
Recommended fares
Flagfall for first 2 km
$9.0
$10.0
Fare for every subsequent 0.2 km
$0.9
$ 1.0
Waiting time charge for every 1 minute.
$0.9
$ 1.0
Page 10Page 11
No comments yet.
Private notes are available after approval.