CONFIDENTIAL
51262
DECLARATION, THE HONG KONG SPECIAL ADMINISTRATIVE REGION WILL RETAIN THE STATUS OF A FREE PORT AND A SEPARATE CUSTOMS TERRITORY, WILL MAINTAIN THE CAPITALIST ECONOMIC AND TRADE SYSTEMS PREVIOUSLY PRACTISED IN HONG KONG, WILL DECIDE ITS ECONOMIC AND TRADE POLICIES ON ITS OWN, AND MAY ON ITS OWN, USING THE NAME OF QUOTE HONG KONG, CHINA UNQUOTE, MAINTAIN AND DEVELOP RELATIONS AND CONCLUDE AND IMPLEMENT AGREEMENTS WITH STATES, REGIONS AND RELEVANT INTERNATIONAL ORGANISATIONS IN THE ECONOMIC, TRADE AND OTHER FIELDS. SECTION VI OF ANNEX I TO THE JOINT DECLARATION FURTHER PROVIDES IN DETAIL THAT THE HONG KONG SPECIAL ADMINISTRATIVE REGION MAY PARTICIPATE IN RELEVANT INTERNATIONAL ORGANISATIONS. ACCORDINGLY THE GOVERNMENT OF THE PEOPLE'S
REPUBLIC OF CHINA DECLARES THAT THE HONG KONG SPECIAL ADMINISTRATIVE REGION WILL MEET THE REQUIREMENTS FOR A CUSTOMS
TERRITORY TO HAVE SEPARATE MEMBERSHIP OF THE COUNCIL IN ACCORDANCE WITH ARTICLE II(A)(II) OF THE CONVENTION ESTABLISHING THE CUSTOMS COOPERATION COUNCIL AND, IF HONG KONG IS ADMITTED A SEPARATE MEMBER OF THE COUNCIL, THE HONG KONG SPECIAL ADMINISTRATIVE REGION MAY, USING THE NAME OF QUOTE HONG KONG, CHINA UNQUOTE, CONTINUE SUCH MEMBERSHIP WITH EFFECT FROM 1 JULY
1997.
ENDS
-
HOWE
OCMIAN 1262
HONG KONG AGREEMENT: RESTRICTED
LIMITED
HD/HKD
HD/FED
RESEARCH D. (FE)
DEP.HD/PUSD HD ECDCE)
PS/MR RENTON
MR MCLAREN MR GILLMORE
COPIES TO:
MR FIFOOT, LEGAL ADVISERS Ms J HEALD
пт се
KINGS BEAM ASE
CONFIDENTIAL
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