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What Is The Agreement Between Hong Kong And China

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What Is The Agreement Between Hong Kong And China

In international diplomacy, Hong Kong has no identity distinct from mainland China. For example, Hong Kong has no independent representation on the Un Security Council, the United Nations Conference on Trade and Development, the Group of 77 at the United Nations or the Group of 22 (G22). However, Hong Kong can participate in events of selected international organizations such as the Asian Development Bank, the International Monetary Fund, the World Health Organization and the United Nations World Tourism Organization, although as an associate member and not as a member state. It can also participate in trade-related events and agreements under the name “Hong Kong, China”. Hong Kong`s autonomy was guaranteed by the “One Country, Two Systems” agreement enshrined in the 1984 Sino-British Joint Declaration signed by then Chinese Prime Minister Zhao Ziyang and British Prime Minister Margaret Thatcher. 2With the exception of some of these measures (opening up of the telecommunications sector, granting individual visas to tourists from certain regions of mainland China visiting Hong Kong, etc.), which were implemented in autumn 2003, the agreement entered into force on 1 January 2004. Both sides pledged to continue negotiations on a subsequent extension of the agreement. CEPA complies with Article 24 of the GATT (General Agreement on Tariffs and Trade) on bilateral agreements and is compatible with World Trade Organization (WTO) rules, which was an essential condition for its application, since both parties are separate members of the WTO. This is the first bilateral agreement signed by Hong Kong and the first signed by mainland China with a WTO member. The communist press published reports that the project was a diabolical plan to bleed Hong Kong to death before delivery, leaving the region heavily in debt. [135] After three years of negotiations, the UNITED KINGDOM and the PRC finally reached an agreement on the construction of the new airport and signed a Memorandum of Understanding. [136] By removing the hills and recovering land, the construction of the new airport took only a few years.

The persistent sense of historical injustice that is part of China`s official position on Hong Kong helps explain the ongoing disagreements and misunderstandings that have shaped Sino-British negotiations in the territory in recent years. .