I rise in support of House Concurrent Resolution 227. as amended. The future of Hong Kong after tho reversion to China on July 1. 1997 is of vital interest to the United States. the European Community. the Pacific Rim countries. This resolution spoaks to two important issues: The protection of the human rights of the citizens of Hong Kong. in particular their right to emigrate after 1997. and the status of Hong Kong as an international financial center as agreed to by the SinoBritish joint declaration. While the reversion agreement is first and foremost an agreement between the Un:t:J Kingdom Lnd the Peoples Republic of Chj..a. its amplementation will have an impact far beyond those two countries. As the resolution points out. the United States has about $6 billion in direct foreign investment in Hong Kong and a total bilateral trade estimated at $16 billion.
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emigrate