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National Games office established

The Culture, Sports & Tourism Bureau announced today the setting up of a co-ordination office to carry out planning and implementation work for the upcoming National Games, National Games for Persons with Disabilities and National Special Olympic Games.   The National Games Coordination Office, led by three senior directorate officers, will work closely with the governments of Guangdong and the Macao Special Administration Region to co-organise the 15th National Games.            The State Council announced in August 2021 that the 15th National Games are to be co-hosted in Guangdong, Hong Kong and Macau in 2025, the first time Hong Kong will have co-hosted the National Games.   The three locations will also co-host the 12th National Games for Persons with Disabilities and the 9th National Special Olympic Games after the 15th National Games are held.        The Hong Kong SAR Organising Committee of the 15th National Games was formed in May, with the Chief Executive a

HK, Mexico pact to take effect

The Investment Promotion & Protection Agreement (IPPA) between Hong Kong and Mexico will enter into force on June 16.   The agreement with Mexico will enhance investors’ confidence, expand investment flows between Hong Kong and Mexico, and further strengthen bilateral economic and trade ties.   Secretary for Commerce & Economic Development Edward Yau said the 14th Five-Year Plan supports Hong Kong to foster co-operation and exchanges with countries and regions around the world.   He noted that the Hong Kong Special Administrative Region Government has been making full use of the city's advantages under the Basic Law and “one country, two systems”, and has signed bilateral agreements, including IPPAs, with foreign economies to explore more opportunities for developing bilateral and multilateral co-operation benefits.   Mr Yau added that the agreement with Mexico is the fourth such agreement that the Hong Kong SAR Government has signed this term.   The other three were signed with the Association of Southeast Asian Nations, Australia and the United Arab Emirates, all of which have entered into force.   Taking into account the agreement with Mexico, the total number of IPPAs in force between Hong Kong and foreign economies will increase to 22, covering 31 foreign economies.   Under the agreement with Mexico, the two sides undertake to provide investors of the other side with fair, equitable and non-discriminatory treatment of investments, compensation in the event of expropriation of investments, and the right to free transfers abroad of investments and returns.   The agreement also provides for settlement of investment disputes under internationally accepted rules, including arbitration.
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