TNAG-1768-FCO40-2522-Hong-Kong-and-the-Multilateral-Investment-Guarantee-Agency-(-1988 — Page 127

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

Supplementaries

1.

When will Convention come into force?

(December 4).

The Convention will enter into force when at least 5 developed and 15 developing countries who together have at least one-third of the

have ratified. authorised capital To date [5] developed and [16] developing

countries with nearly [24%] of the authorised capital have ratified.

USA, France, Italy, Spain, We know that some other countries Switzerland, Nordic countries

are at key stages in their

Parliamentary or other processes towards ratification but it is difficult to forecast with accuracy when some of them will ratify. Our best guess is that the Convention will come into force at some point between this month and April 1988.

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