The Hong Kong government said the U.S. decision to terminate the agreements « shows a lack of respect for bilateral and multilateral ism under the current government and should be condemned by the international community. » The South China Morning Post writes: « The Human Rights and Democracy Act is an extension of the Hong Kong Policy Act, which has been the basis of the U.S. approach since 1992. The United States believes that human rights are universal and have a long-standing policy that China should respect its Hong Kong agreements » and that « it is the long-standing policy of the United States that China respects its commitments to protect human rights, as stated in the 1984 China-British Joint Declaration. , an international treaty submitted to the United Nations. » [22] The United States` foreign policy toward Hong Kong, based on its determination to promote Hong Kong`s prosperity, autonomy and way of life, is outlined in the Us-Hong Kong Policy Act of 1992. It foresees that the United States would continue to deter Hong Kong from the People`s Republic of China, even after the transfer of sovereignty in 1997, which marked the end of British rule. The United States has considerable economic and political interests in Hong Kong. The United States supports Hong Kong`s autonomy through the conclusion and implementation of bilateral agreements; Promoting trade and investment Organization of high-level visits; Extending law enforcement cooperation; Strengthening the links between education, teaching and culture; and the support of the large community of American citizens and visitors. « The Chinese Communist Party has chosen to dismantle the freedoms and autonomy of the people of Hong Kong, » Secretary of State Mike Pompeo wrote on Twitter.
« As a result of the CCP`s actions, we are halting or suspending three of our bilateral agreements with the territory. » In October 2002, the United States and Hong Kong signed a civil aviation agreement that significantly liberalizes the aviation market. As one of the largest trading partners with the United States, valued at $31 billion, Hong Kong has significant imports of U.S. aircraft and space vehicles. Electrical machinery, pearls, gold, diamonds, works of art, meat, fruit and nuts are also important imports from Hong Kong. U.S. exports to Hong Kong in 2018 were estimated at $12.8 billion. The United States is one of Hong Kong`s largest foreign direct investments. The Office of the U.S. Trade Representative and other U.S.
authorities regularly cite Hong Kong as the first example of complex trading systems. [1] On August 19, 2020, U.S. President Donald Trump ordered the suspension or denunciation of three bilateral agreements with Hong Kong. These agreements cover the surrender of refugees, transfers and convicted prisoners, as well as mutual tax exemptions on international shipping revenues. [4] WASHINGTON – The Trump administration on Wednesday suspended or denounced three bilateral agreements with Hong Kong on extradition and tax exemptions. On May 29, 2020, U.S. President Donald Trump ordered the lifting of exemptions granted to Hong Kong under the new National Security Act of the People`s Republic of China. Mr. Trump announced that the extradition treaty between Hong Kong and the United States would be affected, that U.S. travel instructions for the territory would be changed, and that officials who have undermined Hong Kong`s freedoms would be sanctioned. [24] The Hong Kong Autonomy Act imposes sanctions on officials and entities that contribute to Hong Kong`s autonomy.