TNAG-1861-FCO40-2636-Future-of-Hong-Kong-Basic-Law-1989 — Page 43

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

Article 114

37

The Hong

Hong Kong SAR shall

shall practise the policy of

free trade, and shall safeguard the free movement of goods,

intangible assets and capital.

Article 115

territory.

The Hong Kong SAR shall be a separate customs

The Hong Kong SAR may, using the name "Hong Kong, China", participate in relevant international organizations

and international trade agreements, including preferential

trade arrange ment s, such as the General Agreement on

Tariffs and Trade and arrangements regarding international

trade in textiles.

Export quotas, tariff preferences and other

similar arrangements, which are obtained by the Hong Kong

SAR or which were obtained and remain valid, shall be

enjoyed exclusively by the Region.

Article 116

The Hong Kong SAR may issue its own certificates

of origin for products in accordance with prevailing rules

of origin.

Article 117

The Government of the Hong Kong SAR shall create the economic and legal conditions for encouraging various

kinds of investment, technological progress and the

development of new industries.

Article 118

SAR shall

The Government of the Hong Kong formulate appropriate policies to promote and co-ordinate the development of various trades such as the manufacturing

sector, commerce, tourism, real estate, transport, public utilities, services, agriculture and fishery.

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