TNAG-1492-FCO40-2050-Future-of-Hong-Kong-General-Agreement-on-Tariffs-and-Trade-(-1986 — Page 297

Confidential

HKK 12211

RECEIVED IN REGISTRY

DEST

INDEX

1 1 APR 1986

(Translation)

Speaking Note

o Ten

ABπ

On Hong Kong's Relationship With the GATT

It is stipulated in the Joint Declaration on the

question of Hong Kong, which was signed by the

of

the People's Republic of China and the

Government of the United

Government

Kingdom in Beijing on 19

December 1984, and in Annex I to that Declaration:

on

the People's Republic of China shall, upon the

resumption of the exercise of sovereignty over Hong Kong

1 July 1997, establish the Hong Kong Special

Administrative Region of the People's Republic of China.

The Hong Kong Special Administrative Region will retain

the status of

territory, will decide on its own its economic and trade

"Hong

free port a

and

a separate

customs.

policies and may on its own,

Kong,

China",

using the name of

maintain and develop relations

and

conclude and implement agreements with states, regions

and relevant

international organizations in

the

economic, trade and other fields, and may participate in

international organizations and accede to

relevant

international

trade

agreements such

ì

as the General

Agreement on Tariffs and Trade.

140