TNAG-2303-FCO40-3332-Hong-Kong-International-Rights-and-Obligations-(IRO)-Sub-Gro-1991 — Page 109

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6

arbitrations.

The

will contribute to

success of this centre

Hong Kong's prosperity.

It would be most detrimental to the Centre

and

со international confidence in the

future prosperity and stability of Hong Kong

if awards made in Hong Kong were not

recognised and enforced internationally.

9.

other

The

two

New York Convention largely supersedes the

instruments.

The two Geneva instruments

nevertheless

remain important for

provide

international

recognition

and

Hong Kong in that they

enforcement in

respect of countries which are not parties to the New York

Convention.

If these two instruments do not continue to

apply international coverage for Hong Kong agreements and

awards will be diminished.

Proposals

10.

The

British

side propose that these three

international treaties should continue to apply to the Hong

Kong SAR after 30 June 1997 in accordance with the Joint

Declaration. To achieve this result in respect of the two

Geneva instruments, 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

obligations

international

rights and

arising from the treaties, to the extent to

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