TNAG-2303-FCO40-3332-Hong-Kong-International-Rights-and-Obligations-(IRO)-Sub-Gro-1991 — Page 29

I

CONTRO WAL

6

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arbitrations.

will contribute

The success of this centre

to Hong Kong's prosperity.

It would be most detrimental to the Centre

and

to international confidence in the

future prosperity and stability of Hong Kong

awards made in Hong Kong were not

recognised and enforced internationally.

if

9.

The New York Convention largely supersedes the

other

two

instruments.

The

two

Geneva

instruments

nevertheless

remain important for

and

Hong Kong in that they

enforcement in

provide international recognition

Convention.

respect of countries which are not parties to the New York

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

To achieve this result in respect of the two

Declaration.

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

CONFIDENTIN