12

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have far-reaching implications both for Hong Kong's

trading relations with the Community and the international

trade scene generallly.

When

32. In the on-going negotiations, Hong Kong has to strike

a balance between these considerations. It has made

genuine attempts at bridging the gap that exists between

the two sides. As a result, a wide measure of agreement

was reached during the second round of the negotiations

although some major issues remained to be resolved.

the negotiations were adjourned, the Hong Kong delegation

made clear that Hong Kong was prepared to reach a mutually

satisfactory agreement with the Community and was ready

to continue the negotiations at any mutually convenient

time. Hong Kong hopes that when the negotiations are

resumed for the third round, the way will be clear for

both sides to conclude a reasonable and mutually satisfactory

agreement.

Hong Kong Government Office

October 1982

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