AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)
Markets

EU to restrict exports to Hong Kong over security law

  • The bloc has expressed deep concerned over the new law, which critics say will severely curb Hong Kong's longstanding autonomy and relative freedom.
Published July 28, 2020

BRUSSELS: The European Union will restrict exports to Hong Kong of equipment that could be used for surveillance and repression after Beijing imposed a controversial new security law, diplomatic sources said Tuesday.

The bloc has expressed deep concerned over the new law, which critics say will severely curb Hong Kong's longstanding autonomy and relative freedom.

But the EU has struggled to agree a united response to China, with member states deeply divided over whether to stand up to Beijing -- a hugely important trading partner -- or to try to cooperate with it.

France and Germany proposed the restriction on so-called "dual use" technology at a meeting of foreign ministers earlier this month and it will be formally signed off on Tuesday.

Along with the export restriction, the EU will also bring in measures to support the population of the former British colony by making it easier for them to travel to Europe through the granting of visas, scholarships and academic exchanges, diplomats said.

After presenting the plan, German Foreign Minister Heiko Maas said that, with the new security law in place, "It makes sense to treat Hong Kong no differently from mainland China" when it comes to the export of equipment that can be used for repression.

Beijing on Tuesday announced the suspension of extradition treaties with Canada, Australia and Britain, following similar moves by those countries over the new law.

Hong Kong's former colonial ruler Britain suspended its extradition treaty last week saying the security law had "significantly changed key assumptions" including a provision to try certain cases in mainland China.

Beijing insists the security law is needed to restore stability in the financial hub after prolonged political unrest.

Comments

Comments are closed.