TNAG-2112-FCO40-3011-International-Rights-and-Obligations-Sub-Group-of-the-Sino-B-1990 — Page 121

CONFIDENTIAL

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MDLIAN

KONG ON 14 DECEMBER 1973 (TEXT AT ANNEX B). IT DECLARED, IN ACCORDANCE WITH ARTICLE 15, THAT ANNEXES WOULD APPLY TO HONG KONG.

BENEFITS

4. THE PRINCIPAL BENEFIT TO HONG KONG OF THE APPLICATIONS OF THIS

CONVENTION IS THAT IT FACILITATES THE INTERNATIONAL EXCHANGE OF SPECIALISED SKILLS AND TECHNIQUES BY THE ADOPTION OF GENERAL

RULES ON THE TEMPORARY DUTY-FREE IMPORTATION OF PROFESSIONAL EQUIPMENT.

PROPOSALS

5. THE BRITISH SIDE PROPOSED THAT THE CONVENTION, TOGETHER WITH THE ANNEXES APPLYING TO HONG KONG, SHOULD CONTINUE TO APPLY TO THE HONG KONG SAR AFTER 30 JUNE 1997 IN ACCORDANCE WITH THE JOINT DECLARATION. TO ACHIEVE THIS RESULT IT WILL BE NECESSARY FOR THE CPG IN SOME WAY TO INDICATE TO ALL PRESENT CONTRACTING PARTIES, AND ALL GOVERNMENTS WHICH MAY BECOME PARTIES BEFORE 1 JULY 1997, THAT ALL THE INTERNATIONAL RIGHTS AND OBLIGATIONS ARISING FROM THE CONVENTION AND ANNEXES, THE EXTENT TO WHICH THEY APPLY TO HONG KONG, WILL BE ASSUMED BY THE CPG WITH EFFECT FROM 1 JULY 1997 AND APPLY TO THE HKSAR OF THE PRC. (THE LAST TWO SENTENCES REPEAT THOSE OF 3RD IPT).

DRAFT PAPER ENDS.

WILSON

YYYY

DISTRIBUTION

79

ΜΑΙΝ

76

.HONG KONG AGREEMENT

. (RESTRICTED)

LIMITED

HKD

HD/FED

PUSD

NEWS D

PS/LORD CAITHNESS

MR MCLAREN

MR BURNS

RAD

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