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whereas from that date Hong Kong will obtain the status of a Special Administrative Region of the People's Republic of China,
whereas according to the 1984 Joint Declaration of the governments of the United Kingdom and the People's Republic of China the Hong Kong Special Administrative Region shall retain its present economic and social system until 2047,
Considers it in the interest of not only Hong Kong, but also of the People's Republic of China, that after 1 July 1997 Hong Kong, Special Administrative Region retains a genuine economic independence as well as the individual liberties specified in the 1984 Joint Declaration;
Asks the government of the People's Republic of China to work for the creation of a general climate of confidence concerning the future of Hong Kong both among the population of Hong Kong and among potential investors and trading partners;
Stresses in this connection the importance of unconditional respect for human rights in Hong Kong up to and after 1997 in line with the international commitments of the United Kingdom and the People's Republic of China;
Such assurances are essential to avoid a permanent” amigration of highly skilled labour and business managers with the right of abode outside Hong Kong;
Reiterates its demand that the Commission and the Council do everything possible on behalf of the European Community to support Hong Kong and the People's Republic of China in their endeavours to attain the objectives set out in the Joint Declaration and its annexes;
Stresses in particular the need for Hong Kong to remain a member in its own right of various international economic organisations such as GATT and the IMF if it is to retain the high degree of economic autonomy spelled out in the Joint Declaration;
Points to the fact that from 1 July 1997 relations with Hong Kong will no longer be the main responsibility of one member state but of the Community as a whole and therefore consideres it prudent that the Community monitors closely the situation in Hong Kong in order to discharge its duties after 1997;
Considers it therefore of vital importance that the Community establishes a Delegation in Hong Kong as soon as possible;
Stresses equally the importance of the guaranteed continued individual representation of Hong Kong with the EC after 1997;
Instructs its President to forward this Resolution to the authorities of Hong Kong and to the Government of the People's Republic of China;
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PE 156.153/rév.