Skip to main content

Featured

Restoring WTO dispute system urged

Secretary for Commerce & Economic Development Algernon Yau called on World Trade Organization (WTO) members to support the restoration of a fully functioning dispute settlement system during the 13th WTO Ministerial Conference (MC13) in Abu Dhabi, the United Arab Emirates, yesterday.   At a meeting on dispute settlement reform, Mr Yau said the dispute settlement system has functioned as a cornerstone of global trade, creating stability and predictability. He added that to have a well-functioning system restored this year, as was mandated at MC12, would serve the interests of all WTO members and of the global business community.   He stressed that Hong Kong, China has been involved in every stage of the reform process in relation to dispute settlement and will continue its active participation.   Speaking at another meeting, on development, Mr Yau said that the Investment Facilitation for Development Agreement is a very much a pro-development agreement.   He highligh

Travel bubble safeguards in place

The travel bubble arrangement between Hong Kong and Singapore includes additional safeguards, but both sides will continue to monitor the COVID-19 epidemic situation, Secretary for Commerce & Economic Development Edward Yau said today.   After attending an event, Mr Yau told reporters Hong Kong was currently enjoying a relatively stable and low-risk situation.   “We have seen the number of cases, particularly those unlinked local cases, come down to a very low level. We hope this will be maintained.   “At the same time, we are also seeing Singapore, despite some cases, by and large staying within the range that we have agreed upon for the suspension or resumption.   “So, at the moment, we are keeping an eye on this development and will see how things go.”   Mr Yau assured travellers that both places have strengthened their safeguards and would be on the alert for any changes in the epidemic situation.   “The most recent agreement has additional built-in safeguards, including an additional three-day observation on the daily number of unlinked local cases at a lower level, and the requirement to stay in the respective cities for 14 days before embarking on the travel bubble without counting the quarantine requirement for those passengers coming from a third place.   “All these are the measures that we have put in place. Of course we will stay very alert. If circumstances get worse, we will see whether there is a need to adjust them; if things are going smoothly, stably and safely, I think it is everybody's wish to have the scheme proceed as planned to be launched on May 26.”
http://dlvr.it/Rz2Cfl

Popular Posts