TNAG-0242-FCO40-278-Conduct-of-Hong-Kong-commercial-relations-1970 — Page 85

ANNEX

22

Hong Kong's External Commercial Relations

(excluding Hong Kong/UK Trade)

It is agreed that Hong Kong's external commercial relations

should be conducted on the basis of the following understanding:

1. The constitutional position is that HMG is responsible for the conduct of Hong Kong's external relations (including

commercial relations): it being understood that in keeping

with its obligations under the United Nations Charter this res-

ponsibility is exercised for the purpose of protecting the best

interests of the people of Hong Kong and with full regard to the Hong Kong Government's views as to where those best interests

lie.

2. The Hong Kong Government will accordingly keep HMG informed

from the earliest practicable stage of developments in the field

of its external commercial relations.

3. Where HMG have not indicated that considerations of British

international commercial policy are involved the Hong Kong Government

is responsible for determining the course of and for the conduct of Hong Kong's external commercial relations with such assistance

as it may be agreed can be furnished by HMG or HMG's overseas

representatives. The venue of such negotiations shall be a

matter for decision between the Hong Kong Government and any

third party.

4. Where HMG have indicated that considerations of British

international commercial policy are involved the Hong Kong Government

may nevertheless continue in full consultation and association

with HMG., to exercise a similar responsibility acting withing

the framework of such policies as may be agreed with HMG and

-1-

/in conformity