TNAG-1492-FCO40-2050-Future-of-Hong-Kong-General-Agreement-on-Tariffs-and-Trade-(-1986 — Page 32

CONFIDENTIAL

ENSHRINED IN THE JOINT DECLARATION WHICH WAS WIDELY WELCOMED

THROUGHOUT THE WORLD.

C)

BEFORE MAKING THE DECLARATIONS WE AND THE CHINESE SPOKE

IN ALL TO 36 CONTRACTING PARTIES TO THE GATT. THE OVERWHELMING

MAJORITY HAVE WELCOMED THE ARRANGEMENTS AS BEING GOOD FOR HONG

KONG AND GOOD FOR INTERNATIONAL TRADE.

D)

WE ARE SURE THE INDIAN GOVERNMENT UNDERSTAND THE

IMPORTANCE OF ECONOMIC STABILITY FOR THE CONFIDENCE OF THE PEOPLE

OF HONG KONG IN THEIR FUTURE IN THE TERRITORY.

WE HOPE, THEREFORE, THAT THE INDIANS WILL ACCEPT THE ACTION WHICH HAS BEEN

TAKEN IN THE GATT TO TRY TO MAINTAIN THIS STABILITY AND

CONFIDENCE.

HOWE

OCMIAN 4391

HONG KONG AGREEMENT: RESTRICTED

LIMITED

HD/HKD

HD/FED

COPIES TO:

MR FIFOOT, LEGAL ADVISERS MR WOOD LEGAL ADVISERS

RESEARCH D (FE)

DEP/HD PUSD PS/MR RENTON MR WILSON

:

CONFIDENTIAL