US STATE DEPARTMENT FAILS TO CERTIFY HONG KONG’S AUTONOMY: SIGNALS POTENTIAL CHANGE IN TRADE AND ECONOMIC TREATMENT

An article from Crowell Moring on 28 May was concerned with the statement by the US Secretary of State that Hong Kong “does not continue to warrant treatment under United States laws in the same manner as US laws were applied to Hong Kong before July 1997”.  It explains that US relations with Hong Kong are governed by a 1992 Act, which authorises the US to provide “different” treatment for Hong Kong than it accords PRC in a variety of political, economic, trade, and other areas so long as Hong Kong remains “sufficiently autonomous”.  The article lists the potential developments to watch for, including additional tariffs and sanctions which may be imposed on persons identified by the US as responsible for undermining Hong Kong’s fundamental freedoms and autonomy. It also warns that export controls currently in place for China could be extended in whole or in part to US exports to Hong Kong.

https://www.cmtradelaw.com/2020/05/u-s-state-dept-fails-to-certify-hong-kongs-autonomy-signals-potential-change-in-trade-and-economic-treatment

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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