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In 1994, Singapore was Hong Kong's fifth largest trading partner and the seventh largest external investor in Hong Kong's manufacturing industries. In addition, the Secretariats of both APEC (the Asia-Pacific Economic Co-operation) and PECC (the Pacific Economic Co-operation Council), of both of which Hong Kong is a member, are located in Singapore.
Mr Chau said the new HKETO in Singapore would serve to reinforce the close trade and economic ties between Hong Kong and Singapore. At the same time, it would act as a direct point of contact between Hong Kong and the APEC and PECC Secretariats located there.
Australia was Hong Kong's 13th largest trading partner last year and a notable investor in the territory's manufacturing sector.
"Hong Kong's manufacturing industries stand to benefit from technological exchange with Australia in fields such as information technology, biotechnology, food processing and environmental technology.
"Given the importance of Australia as a source of inward investment for our manufacturing sector, there are significant benefits to be gained by improving our inward industrial investment promotion efforts in Australia through the establishment of a HKETO in Sydney, which is Australia's largest city and leading business centre," Mr Chau said.
"A HKETO in Australia will help to strengthen the already significant trade and economic relationship between Hong Kong and Australia," Mr Chau added.
End/Monday, August 14, 1995
Site safety urged after inclement weather
The Labour Department today (Monday) urged contractors and construction site management staff to take all necessary safety measures to ensure that work sites were safe before allowing workers to resume work.
"Following the inclement weather which persisted in the past few days, it would be of paramount importance to check site conditions thoroughly and carry out any necessary repairs or rectifications to render the site safe before resuming normal operation," acting Chief Factory Inspector, Mr Mak Hung-kae, said.
No comments yet.
Private notes are available after approval.