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BRIEFING FOR THE PRIME MINISTER OF TRINIDAD AND TOBAGO'S CALL ON
LADY YOUNG
POINTS TO MAKE (IF HONG KONG IS RAISED)
The Agreement
1. The agreement is a formal and binding one. It has created a sound basis for Hong Kong's future stability and prosperity. The
agreement was ratified on 27 May and registered at the United
Nations on 12 June.
The Joint Liaison Group
2.
The Joint Liaison Group will meet for the first time in London
from 22
25 July. Five British members will include 2 Hong Kong
Government officials. Subjects to be discussed will include
maintenance of Hong Kong's position in the GATT and MFA after 1997.
The Land Commission
3. The Land Commission will meet for
for the first time in Hong Kong on
10 - 12 July. Commission will discuss future arrangements for
leases and other
other land matters in Hong Kong.
Hong Kong Economy
4.
Successful conclusion of the negotiations has brought back
confidence to Hong Kong. Growth rate of 7% in GDP expected this year. Inflation rate is falling, dollar is stable, unemployment is
low and export performance remains good.
Development of Representative Government
is
5. In the aftermath of the agreement, representative government
being developed in Hong Kong. Measures include first (indirect)
elections to Hong Kong's Legislative Council in September.