TNAG-0762-FCO40-966-Effect-of-GATT-Multi-Fibre-Arrangement-(MFA)-on-Hong-Kong-ex-1978 — Page 172

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

PR 33

K GIS 新聞處

HKK. 01/1

EX

25

A

978

1/2

DAILY INFORMATION BULLETIN

SUPPLEMENT

Friday, January 27, 1978

Speech By Governor At The Hong Kong General Chamber

Of Commerce Committee Members Annual Dinner

The following is the full text of the speech by the Governor,

Sir Murray MacLehose, at the Hong Kong General Chamber of Cormerce

Committee Members Annual Dinner this evening:

I should like to start by talking about and around the problem

that has concerned us all so much since the middle of last year, that is

the trend to protectionism, which was such a feature of our major markets

in 1977 and which shows no signs of failing.

I will not rake over the singularly unedifying story of the

negotiations in Brussels. All the credit goes to our negotiators and

all the odium to the Governments who handed down the mandate to which the

Commission worked,

The aspect of this diktet in which i soc tno greatest danger

is that the EEC breached and deliberately breached, and refused even to discuss as relevant, various international undertakings about the conduct of

The rule of law in international trade to which they had subscribed. international trade broadly associated with the General Agreement on Trade and

Tariffs has served the world well for a quarter of a century.

suffer.

It has been

If

a considerable factor in the unprecedented expansion of world trade.

these rules fall into disregard it will be the weak and the small who

Indeed it is significant that the most likely gainers from the EEC restrictions will not be the producers of Europe, far less the allegedly deserving and somewhat hypothetical new entrants into the market, but the exporters of large unrestrained countries like the U.S. and Japan.

/vie know

Issued by Government Information Services, Beaconsfield House, Hong Kong. Tel: 5-233191

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