He said that in exercising a high degree of autonomy under "one country, two systems," the HKSAR government was resolutely committed to upholding its international responsibilities and agreements with the United States and all countries in areas such as trade, investment protection, mutual legal assistance, the fight against transnational crime and terrorism, as well as education and cultural exchanges.
Many of these bilateral co-operations are underpinned by multilateral institutions or bilateral agreements, rather than a "gift" to Hong Kong by another jurisdiction, the spokesman added.
The spokesman said that sanctions or trade restrictions against Hong Kong are not justified and will lead to a breakdown of the mutually beneficial Hong Kong-U.S. relationship built up over the years and only hurt local and U.S. businesses in Hong Kong and the people working for them.
The HKSAR government will not be unduly worried by such threats as Hong Kong will continue to rely on its fundamental strengths of the rule of law, independence of the judiciary, free and open trade policy, level playing field and unique advantages brought about by the continuous opening up of the mainland economy, he noted.
In recent years, Hong Kong has also been doubling the efforts in diversifying markets, including more focus on the fast-growing ASEAN economies, the spokesman said.
In terms of bilateral trade, the United States has been enjoying a trade surplus with Hong Kong over the years which has been the biggest among all its trading partners, the spokesman said.
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