56
103.
because
These
international
links are important, not only
of the investment they bring into the territory, but
because Hong Kong will continue to depend in the 1990s on
its
ability to respond quickly to the fluctuating demands of
worldwide markets. This does not mean that we can afford to
neglect our traditional trading partners, such as the USA.
But it does mean that we must take advantage of the new
commercial and financial relationships emerging, not only in
China, but around the world.
104.
In 1992, the European Economic Community will
establish the Single European Market and remove all internal
trade barriers.
This market has a total of 320 million
consumers, and already accounts for nearly 40% of world
trade. The transformed political climate in Eastern Europe
will also give our exporters new, long-term business
opportunities. And, above all, we must look
expanding economies of the
trading partners
Asia-Pacific
to
the
region as major
as well as rivals. In the first six
months of this year, 60% of cur total trade was with
countries in this region, and the growth rate of our
domestic exports to Asia-Pacific countries outpaced those to
Selling our products in all these
all
other areas.
fast-developing
markets will
require new skills and even
I
/greater
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