TNAG-1332-FCO40-1762-Future-of-Hong-Kong-White-Paper-on-the-Joint-Declaration-1984 — Page 33

GR 750

SECRET

FUTURE EGRET

DESKBY 15120OZ

SECRET

FM HONG KONG 150952Z SEP 84

TO IMMEDIATE FCO

TELEGRAM NUMBER 2851 OF 15 SEPTEMBER

INFO IMMEDIATE PEKING

RECEIVED IN REGISTRY

17 SEP 1984

DESK OFFICER INDEX

PA

REGISTRY

Action Tuken

vert 112114

MY TELNO 2833 AND YOUR TELNO 1818: FUTURE EGRET: PART 3 OF THE

WHITE PAPER.

78

See.95

See 95.

See 1216

1. FOLLOWING IS THE DRAFT TEXT OF THE SECTION OF THE WHITE PAPER See 128

ON THE ECONOMIC SYSTEM AND EXTERNAL ECONOMIC RELATIONS:

BEGINS:

ECONOMIC SYSTEM AND EXTERNAL ECONOMIC RELATIONS

(SECTION VI OF ANNEX 1)

IN AN EXPORT-ORIENTED ECONOMY LIKE THAT OF HONG KONG, IT IS

APPROPRIATE FOR THESE TWO SUBJECTS TO BE DEALT WITH TOGETHER.

HONG KONG'S PROSPERITY IS HEAVILY DEPENDENT ON SECURING CONTINUED

ACCESS TO ITS PRINCIPAL EXPORT MARKETS IN THE DEVELOPED WORLD.

THE PURPOSE OF THE SECTION ON THE ECONOMIC SYSTEM AND EXTERNAL ECONOMIC RELATIONS IS TO REASSURE THE COMMUNITY AT LARGE IN HONG

KONG AND ITS TRADING PARTNERS THAT THE BASIS FOR HONG KONG'S

FLOURISHING FREE MARKET ECONOMY WILL CONTINUE. IT ALSO ENSURES

THAT HONG KONG'S DISTINCT POSITION WITHIN THE INTERNATIONAL

TRADING COMMUNITY, ON THE BASIS OF WHICH HONG KONG ENJOYS ITS

PRESENT RIGHTS OF ACCESS, WILL CONTINUE.

2. THE FUNDAMENTAL REQUIREMENTS TO BE MET ARE:

(A) THAT HONG KONG'S RIGHT TO DETERMINE ITS ECONOMIC POLICY, INCLUDING TRADE POLICY, IN ACCORDANCE WITH ITS OWN NEEDS

BE MAINTAINED:

(B) THAT THE FREE ENTERPRISE, FREE TRADE POLICIES AND THE FREE

PORT, WHICH ARE THE CORNERSTONE OF HONG KONG'S CONSISTENT AND SUCCESSFUL ECONOMIC POLICIES, SHOULD BE MAINTAINED:

(C) THAT INDIVIDUAL RIGHTS AND FREEDOMS IN ECONOMIC MATTERS,

NOTABLY THE FREEDOMS OF CHOICE OF OCCUPATION, OF TRAVEL

AND OF MOVEMENT OF CAPITAL, AND THE RIGHTS OF INDIVIDUALS

AND COMPANIES TO OWN AND DISPOSE OF PROPERTY SHOULD BE

MAINTAINED.

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THESE