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Civil Aid Service holds parade

The Civil Aid Service (CAS) held the Celebration of the 25th Anniversary of the Establishment of Hong Kong Special Administrative Region and CAS 70th Anniversary Parade today at the Police College.   Chief Secretary Chan Kwok-ki officiated at the ceremony and acted as the reviewing officer for the parade.   To demonstrate national identity and patriotic sentiment for the motherland, the CAS has fully adopted from today, the Chinese-style foot drill that requires exacting standards, and demonstrated the drill's protocols for the first time in the parade.   As an auxiliary force under the Security Bureau, the CAS has been honouring the pledge of "provide emergency relief, serve the community" and has been rendering immediate assistance during emergencies to protect Hong Kong citizens.   During the COVID-19 epidemic, the CAS has remained steadfast on the front line of the anti-epidemic operations by rapidly assisting in setting up a number of community isolation faci

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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