PHNOM PENH - China's Hong Kong Special Administrative Region (HKSAR) and Cambodia still have huge room for growth in trade and investment, a HKSAR's top economic official said here on Tuesday.Trade volume between HKSAR and Cambodia rose to $1.2 billion in 2017, an average increase of 3.1 percent a year since 2013. On the investment side, HKSAR had invested about $1.33 billion in 257 projects in Cambodia in the last two decades.The current $1.2 billion volume of trade in goods is just a humble sum that stands a high chance of expansion, especially if our trading relationship prospers in the areas of mutual investment and professional services, Edward Yau, HKSAR's Secretary for Commerce and Economic Development, said in a speech during a Luncheon Seminar.The seminar was attended by approximately 300 HKSAR and Cambodian business people and officials.Hong Kong and Cambodia are much closer than we thought and together we could foster an even closer economic and trade relationship, he said.Yau, who led a 48-strong HKSAR delegation of businessmen and professionals, arrived in Cambodia on Monday, the first leg of their two-nation tour, which will also bring them to Vietnam.The mission was the first of its kind to Southeast Asia since HKSAR signed a free trade agreement and a related investment agreement with the Association of Southeast Asian Nations (ASEAN) in November last year. rubber wristbandsrubber arm bandsnext day wristbands24hr wristbanduv bracelet
TOKYO -- Japan's parliament enacted on Friday a law to allow Japan's Emperor Akihito to step down and pass his duties over to Crown Prince Naruhito. The law, designed specially for the current emperor, would allow Emperor Akihito to be the first Japanese emperor that has relinquished the throne in around 200 years. The timing of the abdication, according to the law, will be decided under a government ordinance within three years of the law's promulgation after consulting with the Imperial House Council. Local media reported that the government eyes allowing the emperor to abdicate in December 2018, with the emperor's 85th birthday in mind. The government is also set to speed up its efforts to pick a name for the new era once Crown Prince Naruhito ascends the Chrysanthemum throne, said the reports. Japanese Emperor Akihito indicated his wish to relinquish and hand over the throne to the crown prince in a rare video message last August, citing his age. A six-member government panel was set up last September to hear opinions of experts on the constitution and other fields and to hold discussions on necessary legal changes to enable the emperor to abdicate and on the status of and treatment given to the retired emperor. One of the major disputed points had been whether to create a permanent abdication system for every emperor, or just a mechanism to enable only the current emperor to abdicate. With the enactment of the new law, debate is expected to ensue in parliament regarding the recognition of the branches of female members of the imperial family who marry commoners. A committee of the upper house of Japan's parliament on Wednesday adopted a special resolution which was attached to the abdication law, and though not binding, said that the government will "consider various issues to secure stable imperial succession, including creating female branches."
