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| No.11 December, 2010 |
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Financial Secretary visits New Zealand |
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The Financial Secretary, Mr John C Tsang, arrived in Auckland, New Zealand on November 30 on a two-day visit seeking to further expand business ties between Hong Kong and New Zealand. New Zealand was the first leg of Mr Tsang's four-country visit followed by Chile, Brazil and the United States.
 During his stay in Auckland, Mr Tsang held a meeting with New Zealand's Deputy Prime Minister and Minister of Finance, Mr Bill English, and the Minister of Revenue, Mr Peter Dunne, to discuss issues of mutual concern. This was followed by the signing of an agreement between Hong Kong and New Zealand on the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
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Mr Tsang said the conclusion of this comprehensive agreement on the avoidance of double taxation will help investors better assess their potential tax liabilities from cross-border economic activities, foster closer economic and trade links between the two places, and provide added incentives for companies in New Zealand to do business or invest in Hong Kong, and vice versa.
Mr Tsang also met New Zealand's Minister of Trade, Mr Tim Groser, to discuss, among other things, the Closer Economic Partnership Agreement which will soon come into force.
On his first day of arrival in Auckland, Mr Tsang had a meeting with the Chinese Consul General in Auckland, Madam Liao Juhua before attending a boardroom dinner organised by the Asia New Zealand Foundation where he met some of the city's prominent business people.
The next morning, he attended the "Breakfast with John Tsang, Financial Secretary of Hong Kong", an event organised by the Hong Kong New Zealand Business Association. Mr Tsang encouraged New Zealand firms to explore opportunities under Hong Kong's free trade agreement with New Zealand - Closer Economic Partnership Agreement, which will enhance mutual trade and investment flows.
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