GR 750
SECRET
FUTURE EGRET
DESKBY 15120OZ
SECRET
FM HONG KONG 150952Z SEP 84
TO IMMEDIATE FCO
TELEGRAM NUMBER 2851 OF 15 SEPTEMBER
INFO IMMEDIATE PEKING
RECEIVED IN REGISTRY
17 SEP 1984
DESK OFFICER INDEX
PA
REGISTRY
Action Tuken
vert 112114
MY TELNO 2833 AND YOUR TELNO 1818: FUTURE EGRET: PART 3 OF THE
WHITE PAPER.
78
See.95
See 95.
See 1216
1. FOLLOWING IS THE DRAFT TEXT OF THE SECTION OF THE WHITE PAPER See 128
ON THE ECONOMIC SYSTEM AND EXTERNAL ECONOMIC RELATIONS:
BEGINS:
ECONOMIC SYSTEM AND EXTERNAL ECONOMIC RELATIONS
(SECTION VI OF ANNEX 1)
IN AN EXPORT-ORIENTED ECONOMY LIKE THAT OF HONG KONG, IT IS
APPROPRIATE FOR THESE TWO SUBJECTS TO BE DEALT WITH TOGETHER.
HONG KONG'S PROSPERITY IS HEAVILY DEPENDENT ON SECURING CONTINUED
ACCESS TO ITS PRINCIPAL EXPORT MARKETS IN THE DEVELOPED WORLD.
THE PURPOSE OF THE SECTION ON THE ECONOMIC SYSTEM AND EXTERNAL ECONOMIC RELATIONS IS TO REASSURE THE COMMUNITY AT LARGE IN HONG
KONG AND ITS TRADING PARTNERS THAT THE BASIS FOR HONG KONG'S
FLOURISHING FREE MARKET ECONOMY WILL CONTINUE. IT ALSO ENSURES
THAT HONG KONG'S DISTINCT POSITION WITHIN THE INTERNATIONAL
TRADING COMMUNITY, ON THE BASIS OF WHICH HONG KONG ENJOYS ITS
PRESENT RIGHTS OF ACCESS, WILL CONTINUE.
2. THE FUNDAMENTAL REQUIREMENTS TO BE MET ARE:
(A) THAT HONG KONG'S RIGHT TO DETERMINE ITS ECONOMIC POLICY, INCLUDING TRADE POLICY, IN ACCORDANCE WITH ITS OWN NEEDS
BE MAINTAINED:
(B) THAT THE FREE ENTERPRISE, FREE TRADE POLICIES AND THE FREE
PORT, WHICH ARE THE CORNERSTONE OF HONG KONG'S CONSISTENT AND SUCCESSFUL ECONOMIC POLICIES, SHOULD BE MAINTAINED:
(C) THAT INDIVIDUAL RIGHTS AND FREEDOMS IN ECONOMIC MATTERS,
NOTABLY THE FREEDOMS OF CHOICE OF OCCUPATION, OF TRAVEL
AND OF MOVEMENT OF CAPITAL, AND THE RIGHTS OF INDIVIDUALS
AND COMPANIES TO OWN AND DISPOSE OF PROPERTY SHOULD BE
MAINTAINED.
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THESE