TNAG-2112-FCO40-3011-International-Rights-and-Obligations-Sub-Group-of-the-Sino-B-1990 — Page 126

CONFIDENTIAL

127202

MDLIAN 7686

CONVENTION IS THAT IT FACILITATES THE DEVELOPMENT OF INTERNATIONAL TOURING BY PROVIDING FOR THE TEMPORARY IMPORTATION FOR PRIVATE USE OF AIRCRAFT AND PLEASURE BOATS FREE OF IMPORT DUTIES AND RESTRICTIONS.

PROPOSALS

4. THE BRITISH SIDE PROPOSES THAT THE CONVENTION, TOGETHER WITH ITS ANNEXES, 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 TOGETHER WITH ITS ANNEXES, TO 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 THE IPT).

DRAFT PAPER ENDS.

WILSON

YYYY

ΜΑΙΝ

76

DISTRIBUTION

79

.HONG KONG AGREEMENT

.(RESTRICTED)

LIMITED

HKD

HD/FED

RAD

PUSD NEWS D

PS/LORD CAITHNESS MR MCLAREN

MR BURNS

ADDITIONAL

3

MS FOAKES LEGAL ADVISERS

MS BARRETT LEGAL ADVISERS

MR FIFOOT LEGAL ADVISERS

NNNN

PAGE

2

CONFIDENTIAL