TNAG-2826-FCO40-4079-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 161

CONFIDENTIAL

Confidential

Draft

Investment Promotion and Protection Agreement

Hong Kong - Italy

being authorised

promotion

protection agreements (IPPAs) with

number of relevant

countries, including Italy, on the basis of an agreed model

At JLG XXII, the Chinese side formally indicated

that they had no objection to the Hong Kong Government

investment to negotiate

and

text.

2.

A Hong

Government Kong

delegation, under

the

authority of an entrustment from the Government of the United Kingdom, met with a delegation from the Government

of Italy in December 1992. On 16 December 1992, the heads of the two delegations initialled an IPPA. The initialled

text is at Annex A.

3.

The text is substantively similar

to the model

In

the

IPPA. An article-by-article comparison is at Annex B.

accordance with the arrangements made at JLG

XX,

British side would like to consult the Chinese side on the

initialled text and would be grateful to receive any views the Chinese side may have.

February 1993

CONFIDENTIAL