TNAG-0743-FCO40-947-Relations-between-China-and-Hong-Kong-1978 — Page 58

CONFIDENTIAL

·

ARTICLE 1:

IN THE LIGHT OF THE AIMS OF THE ECONOMIC PLAN FOR THE PERIOD 1975-85 WHICH WAS ANNOUNCED AT THE FIFTH NATIONAL PEOPLE'S CONGRESS OF THE PEOPLE'S REPUBLIC OF CHINA IN MARCH 1978, THE CONTRACTING PARTIES RESOLVE THAT THEIR OBJECTIVE SHOULD BE TO ACHIEVE DURING THE REMAIND- ER OF THIS PERIOD A LEVEL OF JOINT ECONOMIC ACTIVITY AS COVERED BY THE PRESENT AGREEMENT IN EXCESS OF POUNDS STERLING 10,000 MILLION.

ARTICLE 2:

THE CONTRACTING PARTIES SHALL ENCOURAGE INITIATIVES AND MEASURES WHICH MAY HELP TO DEVELOP MORE ADVANCED AND MUTUALLY ADVANTAGEOUS FORMS OF ECONOMIC, INDUSTRIAL, AGRICULTURAL AND TECHNICAL CO-OPERAT- ION AND TO FACILITATE BUSINESS CONTACTS BETWEEN FIRMS, ENTERPRISES AND ORGANISATIONS OF THEIR TWO COUNTRIES AND THE CONCLUSION AND IMPLEMENTATION OF MUTUALLY BENEFICIAL PROJECTS BETWEEN THEM.

ARTICLE 3%

THE CONTRACTING PARTIES SHALL, WITHIN THE LIMITS OF THEIR POSSIB-- ILITIES AND IN CONFIRMITY WITH THE LAWS AND REGULATIONS IN FORCE IN THEIR RESPECTIVE COUNTRIES, ENCOURAGE THE ADOPTION OF MEASURES TO FACILITATE AND PROMOTE THE CONCLUSION AND IMPLEMENTATION OF MUTUALLY BENEFICIAL AGREEMENTS FOR CO-OPERATION INCLUDING AGREEMENTS ON MAJOR PROJECTS, BETWEEN INTERESTED FIRMS, ENTERPRISES AND ORGANISATIONS IN THEIR TWO COUNTRIES.

ARTICLE 42

こ

ANNEXED TO THIS AGREEMENT IS A LIST CONTAINING EXAMPLES OF THE AREAS OF INDUSTRIAL TECHNOLOGY IN WHICH THE CONTRACTING PARTIES EXPECT

THAT CO-OPERATION WILL INITIALLY TAKE PLACE.

ARTICLE 5:

THE TWO CONTRACTING PARTIES AGREE TO HOLD CONSULTATIONS AS SOON AS POSSIBLE AND NOT LATER THAN 1979 ON METHODS OF DEVELOPING THE EXPORT INDUSTRIES OF THE PEOPLE'S REPUBLIC OF CHINA AND THEIR

MARKETS.

ARTICLE 6:

THE CO-OPERATION REFERRED TO IN ARTICLE 2 OF THIS AGREEMENT WILL, IN APPROPRIATE CASES, REQUIRE EXPORT CREDIT FACILITIES THROUGH THE

2 CONFIDENTIAL

/BRITISH EXPORT