CONFIDENTIAL

FUTURE EGRET

3923 - 1

HONG KONG'S MAJOR TRADE PARTNERS HAVE ALREADY STATED THEIR

APPRECIATION OF THE AGREEMENT AND HAVE IN MANY CASES PLEDGED TO

ASSIST IN ITS IMPLEMENTATION.

10. THE AGREEMENT PERMITS ALL THE ESSENTIALS WHICH SUPPORT

HONG KONG'S INTERNATIONAL AND ECONOMIC RELATIONSHIP TO BE

PRESERVED:

-

HONG KONG'S FREEDOM TO PURSUE ITS OWN ECONOMIC POLICIES IN

ACCORDANCE WITH ITS OWN NEEDS:

-

THE FREE ENTERPRISE SYSTEM, FREE TRADE POLICIES AND THE FREE

PORT:

HONG KONG'S SEPARATE POSITION WITHIN THE GATT AND OTHER

MULTILATERAL TRADE ARRANGEMENTS: AND ITS FREEDOM TO DEVELOP ITS

OWN ECONOMIC AND TRADE RELATIONS WITH ALL STATES AND REGIONS:

A FREELY CONVERTIBLE CURRENCY:

-

- THE RIGHT TO PURSUE PRUDENT BUDGETARY POLICIES DETERMINED BY

HONG KONG IN ACCORDANCE WITH HONG KONG'S OWN NEEDS:

-

THE RIGHT OF COMPANIES AND INDIVIDUALS TO OWN AND DISPOSE OF

PROPERTY: AND THE PROTECTION OF THESE RIGHTS IN LAW:

-

INDIVIDUAL RIGHTS AND FREEDOMS IN ECONOMIC MATTERS, ESPECIALLY

FREEDOM OF CHOICE OF OCCUPATION.

11. I CAN ASSURE HONG KONG'S PARTNERS AROUND THE WORLD THAT THE

FREE AND DYNAMIC BUSINESS ENVIRONMENT WHICH HAS ATTRACTED THEM IN

SUCH LARGE NUMBERS FOR SO MANY YEARS WILL CONTINUE TO FLOURISH.

HONG KONG IS A GOING CONCERN. IT IS VERY MUCH IN BUSINESS. AND

IT WILL REMAIN SO, INTO THE 21ST CENTURY.

12. THE BRITISH GOVERNMENT WILL DEVOTE ITS FULL DIPLOMATIC

RESOURCES TO ENSURING THT HONG KONG'S POSITION IN THE

INTERNATIONAL COMMUNITY IN PARTICULAR IN GATT AND OTHER TRADING

ARRANGEMENTS, IS MAINTAINED. I AM CONFIDENT THAT THE CHINESE

GOVERNMENT WILL DO LIKEWISE.

13. WE COULD NOT HAVE ACHIEVED SUCH A GOOD AGREEMENT WITHOUT THE

SUPPORT AND ADVICE OF MANY PEOPLE IN HONG KONG. I SHOULD LIKE TO

PAY TRIBUTE TO THE GOVERNOR FOR THE FIRMNESS OF HIS LEADERSHIP

AND THE WISDOM OF HIS ADVICE. THE MEMBERS OF THE EXECUTIVE AND

LEGISLATIVE COUNCILS PLAYED A CRUCIAL ROLE THROUGHOUT THIS

DIFFICULT PERIOD IN HONG KONG'S HISTORY. THE ADVICE OFFERED BY

CONFIDENTIAL FUTURE EGRET

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