New Zealand Suspends Extradition Treaty With HK

"); jQuery("#212 h3").html("

"); });
2020-07-28 HKT 08:24
New Zealand has suspended its extradition treaty with Hong Kong and made a number of other changes following China's decision to pass a national security law for the territory, Foreign Affairs Minister Winston Peters said on Tuesday.
"New Zealand can no longer trust that Hong Kong’s criminal justice system is sufficiently independent from China," Peters said in a statement.
"If China in future shows adherence to the ‘one country, two systems’ framework then we could reconsider this decision."
Beijing imposed the new legislation on the former British colony earlier this month despite protests from Hong Kongers and Western nations, setting the financial hub on a more authoritarian track.
Australia, Canada and the UK all suspended extradition treaties with Hong Kong earlier this month. US President Donald Trump has ended preferential economic treatment for Hong Kong.
Peters said New Zealand will treat military and dual-use goods and technology exports to Hong Kong in the same way as it treats such exports to China as part of a review of its overall relationship with Hong Kong.
Travel advice has been updated to alert New Zealanders to the risks presented by the new security law, he added.
China is New Zealand’s largest trading partner, with annual two-way trade recently exceeding NZ$32 billion (US$21 billion).
New Zealand's ties with China have frayed recently after the pacific nation backed Taiwan's participation at the World Health Organisation (WHO). (Reuters)
Revolut Considers China Expansion Amid UK Regulatory Hurdles
UK fintech giant Revolut is exploring a potential move into China, setting the stage for competition with domestic heav... Read more
ZA Global Backs RD Technologies With US$40M To Boost HKs Stablecoin Ecosystem
ZA Global has led a US$40 million Series A2 funding round for HK fintech firm, RD Technologies (RD), marking a signific... Read more
WeLab Hit Profitability And Now Wants 500 Million Customers Across Asia
From its humble beginnings as an online lender to its rise as one of Asia’s most ambitious fintechs, WeLab Group (WeL... Read more
HKMA Finalises Guidelines For Stablecoin Issuer Regulatory Regime
The Hong Kong Monetary Authority (HKMA) has published several documents in preparation for the implementation of the re... Read more
Cybercrime Is Surging Across APAC Yet Defences Remain Fragmented
APAC saw a sharp rise in human-led attacks in 2024, with attack rates growing over 60% year-on-year and increasing 37% ... Read more
Hong Kong Advances Trade Digitalisation With MLETR Adoption
Digitalisation is reshaping the global economy, and businesses must adapt to capitalise on emerging opportunities. In t... Read more