Page:United States Statutes at Large Volume 106 Part 2.djvu/568

 106 STAT. 1448 PUBLIC LAW 102-383 —OCT. 5, 1992 Public Law 102-883 102d Congress An Act Oct. 5, 1992 To set forth the policy of the United States with respect to Hong Kong, [S. 1731] and for other purposes. Be it enacted by the Senate and House of Representatives of United Statesthe United States of America in Congress assembled, Hong Kong Policy Act of SECTION 1. SHORT TITLE. 1992 22 USC 5701 This Act may be cited as the "United States-Hong Kong Policy note. Act of 1992". 22 USC 5701. SEC. 2. FINDINGS AND DECLARATIONS. The Congress makes the following findings and declarations: (1) The Congress recognizes that under the 1984 Sino- British Joint Declaration: (A) The People's Republic of China and the United Kingdom of Great Britain and Northern Ireland have agreed that the People's Republic of China will resume the exercise of sovereignty over Hong Kong on July 1, 1997. Until that time, the United Kingdom will be responsible for the administration of Hong Kong. (B) The Hong Kong Special Administrative Region of the People's Republic of China, beginning on July 1, 1997, will continue to enjoy a high degree of autonomy on all matters other than defense and foreign affairs. (C) There is provision for implementation of a "one country, two systems" policy, under which Hong Kong will retain its current lifestyle and legal, social, and economic systems until at least the year 2047. (D) The legislature of the Hong Kong Special Administrative Region will be constituted by elections, and the provisions of the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights, as applied to Hong Kong, shall remain in force. (E) Provision is made for the continuation in force of agreements implemented as of June 30, 1997, and for the ability of the Hong Kong Special Administrative Region to conclude new agreements either on its own or with the assistance of the Government of the People's Republic of China. (2) The Congress declares its wish to see full implementation of the provisions of the Joint Declaration. (3) The President has announced his support for the policies and decisions reflected in the Joint Declaration. (4) Hong Kong plays an important role in today's regional and world economy. This role is reflected in strong economic, cultural, and other ties with the United States that give the United States a strong interest in the continued vitality, prosperity, and stability of Hong Kong.

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