TNAG-2452-FCO40-3569-Future-of-Hong-Kong-constitutional-development-1992 — Page 26

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

PRIME MINISTER'S NEW YEAR INTERVIEWS

European Community

Edinburgh Council gave new impetus to the EC Constitutional/institutional base: back on track and going in the direction we want: Subsidiarity: Commission agrees that presumption is on action at national, not EC, level; Openness: Council will let TV cameras into important discussions. Comunity can now move forward as 12.

GATT. EC/US agreement on agriculture was the big breakthrough. President Bush, Delors and I are now committed to final, full agreement by mid-January.

extra $200 billion to world output.

Will be worth an

Single Market. completed on time. 500 measures altogether. 85 in UK Presidency an all-time record. An incredible opportunity now for British business.

External challenges: enlargement: Full steam ahead for first group of applicants: Austria, Sweden, Finland, and Norway. Moving ahead in relations with Central and Eastern Europe: first EC/V3 Summit in London in October; EC/Romania and EC/Bulgaria Association Agreements initialled.

Future financing: have willed the means for the EC to get on with its full agenda. No scope for extravagance in Brussels. 7 year stable framework.

Community now ready for the next stage in its

development.

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