22 MAR '83

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14 FFON COI TECH FADIO

O FCO NEWS

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TRANSCRIPT A HONG KONG SELECT COMMITTEE MEETING

22 MAR 89

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FOREIGN SECRETARY (COPD):

Bong Kong is now China's largest export market.

Over one -

investment in Hong Kong is large and growing.

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I mention all that because it has two features about it.

One, it emphasises the scale of the continuing success of Hong

Kong in itself. It emphasises also the growth of the by now

massive stake that China has got in the continuing success of Hong

Kong. That is alongside our own intense interest in that sama

objective.

All that has been achieved not by confrontation but by

accepting the realities and by working hard to translate all the

implications of the Joint Declaration into a future in which we

from day-to-day, Hong Kong from day-to-day and into the future,

can make the most of the opportunities that are implicit in what

has been achieved so far.

in our

We will continue to do absolutely everything we

power in every way that we can achieve it to ensure that Hong Kong

remains a continuing success story, building on the foundations

that are already there.

CHAIRMAN:

Thank you very much indeed Sir Geoffrey.

I wonder if,

obviously we would like to question you on a whole number of these

issues that you have very clearly raised.

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