XN000022-1994-02-02 — Page 9

WEDNESDAY, FEBRUARY 2, 1994

8

HK AND DENMARK SIGN INVESTMENT PROTECTION AGREEMENT

HONG KONG AND DENMARK TODAY (WEDNESDAY) SIGNED AN AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS.

TRADE

THE AND

THE

SECRETARY FOR KONG HONG

MS MIMI

WAS SIGNED IN COPENHAGEN BY THE AGREEMENT

BEHALF OF MR T H CHAU, ON INDUSTRY, GOVERNMENT, AND THE MINISTER FOR INDUSTRY AND CO-OPERATION, JAKOBSEN, FOR THE GOVERNMENT OF DENMARK.

THIS IS THE

SIGNED IN THE AGREEMENT HONG KONG THIRD AREA IMPORTANT

OF INVESTMENT

AND

OTHER PROMOTION

PROTECTION. AGREEMENTS HAVE BEEN MADE WITH THE NETHERLANDS AND AUSTRALIA.

HAS

BINDING

SUCH AGREEMENTS ARE BILATERAL INTERNATIONAL AGREEMENTS UNDER INTERNATIONAL LAW, AIMING TO ENCOURAGE AND PROTECT, ON A RECIPROCAL BASIS, INVESTMENTS OF ONE CONTRACTING PARTY IN THE AREA.

AT THE SIGNING CEREMONY, MR SPEAKING

CHAU SAID WELCOMED OVERSEAS AND LOCAL INVESTMENT ON EQUAL TERMS.

OTHER'S

HONG

KONG

++

"THE AGREEMENT WILL OFFER DANISH INVESTORS THE ASSURANCE

NOT JUST DURING THEIR INVESTMENTS IN HONG KONG WILL BE PROTECTED, TRANSITION

MANY FROM BRITISH TO CHINESE SOVEREIGNTY, BUT FOR BEYOND THAT.

THAT THE YEARS

INVESTMENTS ARE

RETURNS AND

ON

"THE AGREEMENT GUARANTEES FAIR TREATMENT FOR DANISH INVESTMENTS IN HONG KONG AND VICE VERSA, PROPER COMPENSATION IF EXPROPRIATED, AND THE FREE TRANSFER OF INVESTMENTS INVESTMENT."

"IT ALSO PROVIDES FOR INVESTMENT DISPUTES TO ACCORDANCE WITH LAID DOWN PROCEDURES," MR CHAU SAID.

BE SETTLED IN

IN THE

THE AGREEMENT HAS BEEN CONSIDERED BY THE CHINESE SIDE JOINT LIAISON GROUP AND HAS THE SUPPORT OF THE CHINESE GOVERNMENT.

AND

AN

AFTER SIGNATURE, THE AGREEMENT WILL ENTER INTO FORCE 30 DAYS

EFFECTIVE FOR WILL REMAIN

OF PERIOD

15

YEARS. INITIAL

PARTY THEREAFTER, IT WILL REMAIN IN FORCE INDEFINITELY, UNLESS EITHER GIVES ONE YEAR'S NOTICE.

—

SPECIAL REVIEW ARTICLE ON MORTALITY TRENDS IN HK 1971 1992

*

HONG KONG EXPERIENCED SIGNIFICANT MORTALITY IMPROVEMENT BETWEEN 1971 AND 1992 AS INDICATED BY THE INCREASED LIFE EXPECTANCY OF THE POPULATION.

THE INFANT AND MATERNAL MORTALITY RATES ALSO DROPPED то VERY LOW LEVELS, AGAIN POINTING TO SUBSTANTIAL MORTALITY DECLINE.

THESE FINDINGS WERE CONTAINED IN A SPECIAL REVIEW ARTICLE ENTITLED "MORTALITY TRENDS IN HONG KONG 1971 1992" IN THE NOVEMBER ISSUE OF THE HONG KONG MONTHLY DIGEST OF STATISTICS.

π

/ALTHOUGH THE