The European Commission issued its annual report on China's Hong
Kong Special Administrative Region (HKSAR) Friday, saying the
European Union (EU) recognized the success of the "One Country, Two
Systems" since Hong Kong's return to China.
The eight-page report, acquired by Xinhua on Friday from the
Office of the European Commission in Hong Kong, was the ninth such
report by the European Commission since 1997 when China resumed the
exercise of sovereignty over Hong Kong.
"The Commission recognizes that in general the 'One Country, Two
Systems' principle has been respected and is working well for the
people of Hong Kong," the report said.
The EU supports the "One Country, Two Systems" principle and the
respect for human rights and individual freedoms enshrined in the
Basic Law, according to the report.
The HKSAR government continues to enjoy a high degree of
autonomy in economic, trade, fiscal, financial and regulatory
matters, and the people of Hong Kong benefit from their own legal
systems, an independent rule of law, individual property rights,
freedom of speech and market economic systems, according to the
report.
The EU-Hong Kong bilateral trade recorded strong growth in 2006
with the EU being Hong Kong's second largest trading partner in
2006, only after China's mainland.
EU's statistics show its trade with Hong Kong totaled 25.8
billion euros in 2006, with its imports from Hong Kong reaching
14.2 billion euros, up 33.9 percent year on year.
(Xinhua News Agency June 23, 2007)