Govt To Raise US Sanctions With WTO

(To watch the full press briefing with sign language interpretation, click here.)

 

Chief Executive Carrie Lam said today that the Hong Kong Special Administrative Region Government will address sanctions imposed by the US with the World Trade Organization.

 

Speaking to reporters ahead of the Executive Council meeting this morning, Mrs Lam said the sanctions, especially those involving trade, are totally unjustified.

 

“Hong Kong is a separate member of the World Trade Organization. To be mistreated by another member of the World Trade Organization breaches the rules and regulations of this international body. So we will take up with the World Trade Organization against those sanctions.”

 

When asked if the Hong Kong SAR Government can still do overseas promotion work with sanctions imposed on government leaders, Mrs Lam explained that other resources can be utilised to market the city.

 

“Since taking office in 2017, I have not been to the US. I had been planning (to go), but I have not been to there, partly because in 2016, as the Chief Secretary I had done a very extensive US official trip covering three cites - San Francisco, New York and Washington DC.

 

“Without a physical visit by the leader of the Government doesn’t mean that we could not do overseas promotion work. We still have three economic and trade offices in America and we have our InvestHK arms which will be very happy to introduce Hong Kong’s strengths, especially in the Greater Bay Area, in the financial services to US companies interested in setting up their business in Hong Kong, and we can also work through the chambers.”

 

Mrs Lam emphasised that while the US sanctions imposed on her will be an inconvenience in her personal affairs, the Hong Kong SAR Government will continue to do what is right for the country and Hong Kong.

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more