Hong Kong – Hong Kong Customs signs Authorized Economic Operator Mutual Recognition Arrangement with Bahrain Customs Affairs (with photos)

Hong Kong Customs signs Authorized Economic Operator Mutual Recognition Arrangement with Bahrain Customs Affairs (with photos)

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     The Commissioner of Customs and Excise, Ms Louise Ho, led a delegation of Hong Kong Customs to visit the Bahrain Customs Affairs (BCA) to discuss matters on Customs co-operation and sign the Authorized Economic Operator (AEO) Mutual Recognition Arrangement (MRA) with the President of the BCA, Mr Shaikh Ahmed bin Hamad Al Khalifa, in Al Hidd today (April 22) to strengthen mutual trade relationship and foster greater security in the global supply chain. The Honorary Consul of the Kingdom of Bahrain to the Hong Kong Special Administrative Region of the People’s Republic of China, Mr Oscar Chow, and the Chairman of Asia, Africa and Middle East Committee of the Hong Kong General Chamber of Commerce (HKGCC), Mr Jonathan Lamport, were present to witness the signing ceremony.
      
     During the trip, Ms Ho and the delegation also visited the Khalifa bin Salman Port and joined the delegation of the HKGCC and the Hong Kong Bahrain Business Association to visit the Bahrain International Investment Park with an aim to enhancing the trade and cultural ties between Hong Kong and Bahrain.
      
     The signing of the MRA is a milestone of fostering the connection and collaboration between Hong Kong and Bahrain. The MRA will reinforce international cargo security while facilitating legitimate cross-boundary cargo movements of the two places and bringing significant benefits to AEOs in both sides, as well as enhancing their competitiveness in the international market.
      
     The Hong Kong AEO Programme was launched in 2012. The signing of the MRA with Bahrain brings the number of MRAs ratified between Hong Kong Customs and other Customs administrations to 15 in total. The other 14 Customs administrations which Hong Kong has signed MRAs with are the Mainland, India, Korea, Singapore, Thailand, Malaysia, Japan, Australia, New Zealand, Israel, Canada, Mexico, Indonesia and Macao, China. Under the MRA, AEOs from the signatory countries or regions can enjoy reciprocal trade facilitations including reduced inspection rate and prioritised clearance.
      
     Hong Kong Customs is dedicated to extending the MRA networks, in particular with Belt and Road economies including the Association of Southeast Asian Nations and the Gulf Cooperation Council Member States in the Middle East region. The AEO MRA Action Plan with Saudi Arabia was signed last year, marking a significant step towards the conclusion of the MRA in the near future. Hong Kong Customs will continue to take active steps to reach MRAs with major trading partners so as to bring more trade facilitation benefits to AEOs.

WizMediBio Signs Contract with the Wisconsin Alumni Research Foundation (WARF) for Botulinum Toxin Strain

SEOUL, S.KOREA, Apr 9, 2024 – (ACN Newswire) – WizMedi Bio Co., Ltd. (WizMedi Bio) today announced that it has reached a formal agreement with the Wisconsin Alumni Research Foundation (WARF), established by the University of Wisconsin, for the patent and technical licensing of the A6 botulinum neurotoxin strain. This agreement enables WizMedi Bio to prove the origin of the strain, which has been the primary hurdle to the botulinum toxin business, and paves a pathway to develop a stable new business in the market.

The A1 botulinum toxin currently dominates the market and as a novel subtype, A6 presents itself as a challenger. Therefore, the future course of the A6 strain as a BOTULINUM TOXIN provides a new opportunity in the botulinum field. According to research published by Dr. Eric A. Johnson and colleagues, the A6 strain is known to have high potency and long duration of action in animal models. Evidence indicates the toxin is also known to stay long in local areas. Due to its high potency with fewer side effects, the A6 strain is expected to bring a new perspective to the market.

WizMedi Bio has signed consulting agreements with world-renowned scholars in this field and announced that it will actively target not only the Korean domestic market but also the U.S. market, which is a challenging market to enter. To bring A6 to commerce, the company has also signed an agreement for a strategic alliance with BNC Korea, Inc. (http://bnckorea.co.kr/), utilizing their GMP botulinum toxin facility, for joint research and development. Moreover, the company will actively work in tandem with the FDA to secure a production facility in the U.S.

WizMedi Bio was co-founded by two medical doctors based on their expertise and know-how gained at WizMedi Co., Ltd., a company dedicated to the research and development of products targeted at the beauty and medical aesthetic markets. The company aims to capture the botulinum toxin market based on maximized utilization of its distribution network and experience. In particular, it will actively target the U.S. market, which accounts for more than 60% of the global market.

“We will enhance the global market, especially the U.S., with novel botulinum toxin products,” said Choi Yong-hoon, the CEO of WizMedi Bio.

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Topic: Press release summary

Hong Kong – CE signs Safeguarding National Security Ordinance (with photos)

CE signs Safeguarding National Security Ordinance (with photos)

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     ​The Chief Executive, Mr John Lee, today (March 22) signed, in accordance with Article 48(3) of the Basic Law, the Safeguarding National Security Ordinance passed by the Legislative Council. The Ordinance will take effect upon gazettal tomorrow (March 23).
      
     “The Safeguarding National Security Ordinance will officially take effect on March 23, 2024, ensuring the effective protection of national security. It signifies that the Hong Kong Special Administrative Region (HKSAR) has fulfilled its constitutional responsibility as stipulated in Article 23 of the Basic Law to enact local legislation to safeguard national security, and accomplished a historic mission, living up to the trust placed in us by the Central Authorities and the country,” Mr Lee said.
      
     “The completion of the legislation of Article 23 of the Basic Law is essential to the implementation of the principle of ‘one country, two systems’, ensuring the effective protection of national security of ‘one country’ and the long-term prosperity and stability of the HKSAR under ‘two systems’.
      
     “The Safeguarding National Security Ordinance will bring safety to society. With safety comes stability; with stability comes prosperity. A safe and stable environment is crucial to the success of business activities and enterprises, without which businesses might suffer financial losses, and their investments and operations could be sabotaged or come under attack. Therefore, a safe and stable environment will make Hong Kong an attractive place for enterprises and investments.”
      
     “While safeguarding security, the Safeguarding National Security Ordinance ensures human rights and freedoms are protected, and the principles of protecting human rights and freedoms have already been clearly and explicitly stipulated in the legal provisions, indicating that, under the Ordinance, human rights are to be respected and protected, and the rights and freedoms, including the freedoms of speech, of the press and of publication, the freedoms of association, of assembly, of procession and of demonstration, enjoyed under the Basic Law and the provisions of two international covenants as applied to the HKSAR, namely the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights, are to be protected in accordance with the law. The Ordinance also, as stipulated, ensures the property and investment in the HKSAR are protected by the law.
      
     “The Ordinance fully implements the requirements set out in Article 23 of the Basic Law, the Decision of the National People’s Congress on Establishing and Improving the Legal System and Enforcement Mechanisms for the HKSAR to Safeguard National Security (5.28 Decision), and the Hong Kong National Security Law for improving the legal system and enforcement mechanisms for the HKSAR to safeguard national security, ensuring the comprehensiveness and effectiveness of the protection of national security. The HKSAR Government will effectively discharge its responsibilities and carry out the work under the Safeguarding National Security Ordinance. It will also continue to enhance public education and publicity to deepen public understanding of the necessity of safeguarding national security and its pivotal role in maintaining the long-term prosperity and stability of Hong Kong.
      
     “From tomorrow on, the national security of the HKSAR will be more effectively safeguarded, allowing Hong Kong to move forward without worries or burden. The HKSAR Government will continue to lead Hong Kong in fully focusing on economic development, improving people’s livelihoods, and maintaining the long-term prosperity and stability of the city, with a view to creating a brighter and more abundant future together.”

Alstom signs €150 million contract to supply 16 electric locomotives and 20 years of maintenance in Romania

WEBWIRE

  • Traxx locomotives to be delivered to Romanian Railway Reform Authority (ARF),along with 20 years of maintenance and repair services, extendable by further 20 years
  • Total value of the contract for rolling stock and services comes to around 150 million
  • Contract builds on relationship spanning 30 years of presence in Romania

Alstom, global leader in smart and sustainable mobility, and the Romanian Railway Reform Authority (ARF) have signed a contract for the delivery of 16 Traxx 3 MS electric locomotives and 20 years of associated maintenance services. The contract, totalling around 150 million, extends Alstoms collaboration with ARF within the rolling stock sector. The 20-year maintenance and repair period can be extended by a further 20 years by concluding an additional agreement.

I am delighted to see that Alstoms rolling stock offer in Romania is being extended with electric locomotives for our esteemed customer ARF.The new locomotives will significantly contribute to the countrys journey towards sustainable mobility, aligning with Alstoms commitment to advancing greener and smarter mobility solutions worldwide, said Gabriel Stanciu, Managing Director Alstom Romania, Bulgaria and Moldova.

The four-axle electric locomotives will have a maximum speed of 200 km/h and will be able to tow up to 16 passenger cars. They will be equipped with Alstoms state-of-the-art onboard ERTMS system for optimal efficiency and high levels of safety and security, while ensuring full interoperability. The locomotives are designed to improve mobility within and between the Romanias major cities.

The Traxx locomotives offer a flexible design based on a robust, modular platform approach compatible with many applications (single or multi-country freight and passenger transport) and available in various configurations (AC, DC and multi-system). This product delivers increased operational performance and reliability with higher energy efficiency and extended maintenance intervals to improve its availability.

Traxx locomotives have been homologated in 20 countries, covering a total annual distance of more than 300 million kilometres, with more than 2,700 units sold since the year 2000.

Alstom has been active in Romania for almost 30 years and is a market leader in railway electrification and signalling solutions. The company is responsible for implementing signalling or electrification solutions on the Rhine-Danube railway corridor as well as in the Cluj area, where the company is also part of the consortium building the second metro system in the country, in the city of Cluj Napoca. The first CBTC urban signalling solution in the country is under implementation by Alstom on Bucharests metro Line 5. The company has also been the provider of maintenance services for the Bucharest metro fleet for nearly 20 years, with an ongoing contract valid until 2036.

Alstom and Traxxare protected trademarks of the Alstom Group.

Hong Kong – Hong Kong signs MoU with Saudi Arabia on investment promotion (with photos/video)

Hong Kong signs MoU with Saudi Arabia on investment promotion (with photos/video)

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     ​Invest Hong Kong and the Ministry of Investment of Saudi Arabia (MISA) signed a Memorandum of Understanding (MoU) today (December 7) to foster co-operation on investment promotion exchange and support.

     Witnessed by the Chief Executive, Mr John Lee, and the Minister of Investment of Saudi Arabia, Mr Khalid Al-Falih, the MoU was signed by the Director-General of Investment Promotion, Ms Alpha Lau, and the Associate Office Director-China of the MISA, Mr Ayidh Alyami.  

     “In February this year, I led a high-level delegation to visit the Middle East region, and promoted Hong Kong’s unique advantages to the governments and business sectors in Saudi Arabia and the United Arab Emirates. During the visit, Hong Kong and the enterprises and institutions of the two countries signed a total of 13 high quality MOUs or letters of intent, building a solid foundation for the long-term development of Hong Kong businesses in the Middle East region, while simultaneously attracting Middle Eastern businesses and capital to invest in Hong Kong,” Mr Lee said.

     “The signing of the MoU between Hong Kong and Saudi Arabia today marks a new milestone between the two places in terms of investment promotion exchanges. Under ‘one country, two systems’, Hong Kong has the distinctive advantages of enjoying strong support of the motherland and being closely connected to the world. Hong Kong is also an important investment hub in the Asia-Pacific Region. We will make good use of our roles as a ‘super connector’ and a ‘super value-adder’ to assist Mainland and overseas enterprises to respectively tap into the Mainland market and “go global”. Meanwhile, Saudi Arabia is a leading economy in the Gulf Region and an important source of foreign direct investment in the world. I am confident that following the signing of the MoU, there will be deeper and further co-operation on investment promotion between the two places,” Mr Lee added.

     The MOU aims at enhancing co-operation on investment promotion between Hong Kong and Saudi Arabia. It strengthens the economic relations between the two places in the field of promotion of direct investment by encouraging exchange of visits and expertise, organisation of events such as meetings and conferences, as well as exchange of information related to business and investment climate etc.    

     Apart from signing the MoU, Hong Kong has also launched formal negotiations with Saudi Arabia on an Investment Promotion and Protection Agreement (IPPA), and both sides are intending to conclude the negotiations as soon as possible. The IPPA aims to protect, enhance and open investment and helps strengthen investor confidence and increase bilateral investment flows for boosting closer economic relations between Hong Kong and trade partners.