TNAG-2477-FCO40-3607-The-Hong-Kong-Association-1992 — Page 31

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

small measure a reflection of its close links with the UK and our

shared traditions and outlooks.

economies

committed to

For both Britain and Hong Kong are

economic success based upon free and open markets. It is this

tradition of openness which has provided the historical

foundation for Hong Kong's present. It will also be the

cornerstone of Hong Kong's future. And that is how we should be

looking at 1997. Not in a backward, nostalgic way. Change comes

and goes. It is part of the pattern of human development. But

rather looking forward to the challenges of the future. Hong Kong

has never in the past shirked such challenges. I am sure it will

not do so now.

For what is Hong Kong today? It is, as I have said, an economy

heavily dependent upon trade as a motor for domestic economic

development. It is committed to securing that development within

an open global trading environment where goods and services can

exchange freely and competition is not distorted by barriers to

trade. It is an economy which is internationally open and

which recognises the

fundamentally private sector driven;

importance of enterprise and individual endeavour. Is there any

work force in the world more energetic than that in Hong Kong?

There you have the basis of Hong Kong's success; of its strategic

role within the global trading environment.

Yet within that environment Hong Kong is a player of many parts.

at the core, is Hong Kong as a market of 6 million people,

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