United States-Hong Kong Policy Act of 1992
On May 27, Secretary of State Mike Pompeo declared Hong Kong to be no longer autonomous from China. The State Department announcement could enable Congress to end longstanding rights to freer trade and travel between Hong Kong and the U.S. which would have significant trade and investment implications.
U.S. relations with Hong Kong are governed by the United States-Hong Kong Policy Act of 1992, which commits the United States to treating the Hong Kong Special Administrative Region (“HKSAR”) as separate from the rest of China in trade, commerce and other areas so long as the HKSAR remains “sufficiently autonomous.” Among other things, the 1992 law allows visa-free travel between the U.S. and Hong Kong, exempts HKSAR exports from most U.S. tariffs and mandates the free exchange of Hong Kong dollars for U.S. dollars.
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Last Updated on May 28, 2020 by Ramin Seddiq