THE chairman of the Business and Professionals Federation (BPF), Mr Vincent Lo Hong-sui, said yesterday that the current political row should not bar it from setting economic goals. In releasing the BPF's study, Hongkong 21 - A Ten Year Vision and Agenda for Hongkong's Economy, Mr Lo denied that the federation had evaded political issues. But he admitted the federation had failed to study the political difficulties in implementing its suggestions to further develop Hongkong's economy. He believed that politics should be separate from economics. ''We should set our economic goals first. We would then go on to look into difficulties on the political front,'' he said. He said he believed the political row would be settled ultimately. ''I don't want to see Hongkong's economy being undermined by the political row,'' he said. ''We are talking about a vision for the coming 10 years. The current political row would at most last for four years,'' he said. He said China had taken the view that economic matters and political issues should be dealt with separately. Rejecting suggestions that the report, exclusively revealed in yesterday's South China Morning Post , was idealistic, Mr Lo said the federation had been proposing moves to make Hongkong stronger. An outline of the report has been given to Beijing officials, and copies of the full report will be sent to the State Council's Hongkong and Macau Affairs Office. The report suggests that Hongkong could be turned into a leading commercial city of China and could establish itself as the services capital of Asia. Hongkong should foster a broad-based and sustainable working relationship with the mainland, promote its economic strength and potential to the world, and develop local human resources and infrastructure. The United Democrats of Hongkong's spokesman on economics, Dr Huang Chen-ya, said he agreed that Hongkong should develop close economic ties with China. But he believed Hongkong should strive for a more democratic political system to maintain its prosperity. An independent judiciary and democratic political system were needed to maintain fair competition in the market economy, said Dr Huang. The director of the Hongkong General Chamber of Commerce, Mr Ian Christie, said that although there were no surprises in the report, it was necessary to have one to re-state the important facts. Meanwhile, the Secretary for Civil Service, Mrs Anson Chan Fang On-sang, told the International Chamber of Commerce that Hongkong's future had been inextricably tied up with China. Mrs Chan said she did not expect a ''fair wind'' to be behind Hongkong all the way to 1997. She was optimistic that the best of Hongkong was yet to come. ''Hongkong stands to gain from and to contribute to growth in the Asia Pacific region,'' she said.