TNAG-1136-FCO40-1416-Address-by-Sir-Edward-Youde--Governor-of-Hong-Kong--to-the-L-1982 — Page 46

but

in its safety.

•

We have no reason to believe that those involved will be other than responsible in their attitude to the safety of the plant both in construction and operation, And I should like to assure Honourable Mombero that, in so far as it is likely to affect Hong Kong, we shall keep this issue under close and careful reviók,

(e) Prospects for 1983

(1)” The Economy as a: whole

28:

As regards our prospects for 1983,

that

all that can be said is this: to the extent that a consensys can be detected, it ia that things are likely to be better in 1983 than in 1982. Hopefully, improved growth in several economies, such as the United States and Germany; pay bring about some recovery in world trade. As the pricep of our domestic exports should now be very competitive, having retained stable so far this year. am confident that our dipert sector will be quick to capitalise on any recovery that may cocut/

recovery"that"

29.

(ii) Textiles agrcomenta

I

Prospect for our textile and clothing industries in particular' are much influenced by our textiles agreements with our major markets.

·

30,

·

A new bilateral toxtiles agreement covering the period. 1982 to 1987 was concluded with the US in March,

31.'

the European

Negotiations. for

You may be assured

The existing 5-year agrooment with Community governing Hong Kong's exports of textile products to 'the "Community" Wiitsipize at the end of 1982. a new agreement have yet to be concluded. that we have béén 'Tosblüte' in defending Hong Kong's interest and in bringing home both to the Community and to HMG, importance of these negotiations to us.

?

the

11

/32. It

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