TG1ADH
CONFIDENTIAL
Top copy with Mr. Pomell for
Торсом
Submissie to Dr. Milson
JOINT LIAISON GROUP, 22—25 JULY (22 25 JULY 1985)
HKK OTC/24
(C) GATT, MFA AND CCC
RECEIVED
12 JUL 1985
GATT
155
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General
1.
British and Chinese sides both recognise fundamental importance of GATT to Hong Kong's economic prosperity. Early resolution of
Hong Kong's future GATT status would do much to promote continuing
domestic and international confidence in the Hong Kong economy and
would encourage investors. Important to build up confidence in JLG
as effective forum for continuing discussion on Hong Kong's future.
Early agreement on GATT issue would be valuable step in this
process.
Entrustment
2. We explained to you in talks that Hong Kong enjoys de facto
autonomy in the conduct of its external commercial relations. Have
now formalised this long-standing policy by issuing an instrument of
entrustment to Govenor of Hong Kong. This confirms that he has
executive authority to conduct Hong Kong's external commercial
relations. (IF NECESSARY) Yes, we will show you the text of the
instrument of entrustment.
Why not maintain Hong Kong's status quo within GATT until 1997?
(Defensive)
3. Because alternative course more in keeping with Hong Kong's
present and future status, available now. Also important for
investor confidence to settle this question at an early date.
Course we are proposing would enable SAR automatically to retain Hong Kong's status as full Contracting Party to GATT as from 1 July
1997.
Hong Kong participation in GATT after 1997 under Chinese umbrella?
(Defensive)
4.
Such an approach not conducive to early resolution of Hong
CONFIDENTIAL