Made in the U.S.A.
Regarding the July 10 Viewpoints column, “The Pacific Rim May Be Little but a Bill of Goods”:
Jock O’Connell suggests that newly industrialized countries have ample incentives to discourage imports, “something the nations of the Far East already do quite skillfully.”
We would like to point out that this is not so in the case of Hong Kong, which actively encourages American imports. The territory’s appetite for U.S. goods is great, and such purchases increased by 40% in 1987 and by 30% in the first five months of this year. The people of Hong Kong consume over $500 worth of U.S. goods per capita annually--more than twice as much as the European Community, Japan, Korea or Taiwan.
Hong Kong is firmly committed to an open market policy. Its free trade practices, which are devoid of any tariff or restrictive barriers, were recently described by U.S. Trade Representative Clayton Yeutter as “an example to the world.”
HERMAN CHO
The writer is the acting director of the Hong Kong Economic & Trade Office in San Francisco.
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