1. Latest Cruse and Associates
Financial News
Hong Kong snubbed on FTA and tax
deals

2. THE Australian government has refused requests from Hong Kong to start
negotiating a free trade agreement and a double taxation agreement. The
refusal has angered Australian companies hoping to boost their business with
and through Hong Kong, the primary gateway to China.
During a visit to Australia in 2011, Donald Tsang, who stepped down last year
as Hong Kong's chief executive, approached Julia Gillard and then-foreign
minister Kevin Rudd about an FTA and a DTA. Following a visit by Mr Rudd to
Hong Kong and further talks, the Hong Kong government wrote formally to
Canberra proposing talks towards an FTA.