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PDB warns on MFN's importance

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HONGKONG will lose 25 per cent of its container throughput to the United States if China loses its most favoured nation (MFN) trading status, according to the Port Development Board (PDB)'s 1992 annual report.

It says this would, as a result, reduce Hongkong's total outbound containers by up to six per cent.

This was the findings of the PDB's port land and transport committee when considering the impact of China losing its MFN status on Hongkong trade.

Regarding Hongkong's ship repair activities, the PDB report says that its ship repair facilities committee had recommended concerted action by the government and private sectors to meet demand for labour in the industry.

It said that local workers should be encouraged to join the industry, suitable training should be provided and overseas labour imported to meet shortfalls.

And the government had indicated that it would be flexible in giving labour import quotas to the industry, although industry officials claim there was still too much restriction.

The committee recommended that the government provide larger typhoon moorings between 220 and 300 metres to secure ships under repair during the passage of typhoons.

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