Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Hong Kong’s Chief Executive John Lee announced on Tuesday that he was strongly against Japan’s release into the ocean of treated radioactive water from the Fukushima nuclear plant.

The financial hub will immediately put in place import controls on seafood from Japan, Lee said.

Japan intends to begin releasing over 1 million tons of treated wastewater from the crippled Fukushima plant on August 24th, while saying the process is safe.

That plan has faced opposition from Hong Kong and China due to concerns regarding food safety and public health.

Hong Kong’s ban is expected to come into effect on August 24th, Hong Kong’s leader said.

According to Hong Kong’s Chief Executive Lee, the wastewater release is irresponsible and may bring “impossible risks to food safety and the irreparable pollution and destruction of the marine environment.”

In July, the Hong Kong administration had said the ban would affect imported aquatic products from regions such as Tokyo, Fukushima, Chiba, Tochigi, Ibaraki, Gunma, Miyagi, Niigata, Nagano and Saitama.

Yet, imports from 13 other regions will still be permitted.

Hong Kong is Japan’s second most important market following China for exports of agricultural products and fisheries.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • RBA Cuts Key Interest Rate by 25bps, AUD/USD Falls 0.62% to 0.6415RBA Cuts Key Interest Rate by 25bps, AUD/USD Falls 0.62% to 0.6415 Key Moments: The Reserve Bank of Australia (RBA) implemented a 25-basis-point rate cut amid mounting downside risks to the economy. The Australian dollar dropped to 0.6415 following the central bank's policy decision. […]
  • Commodity Market: Gold heads for fifth straight weekly gain on Fed rate hike slowdown hopesCommodity Market: Gold heads for fifth straight weekly gain on Fed rate hike slowdown hopes Spot Gold looked set to register its fifth consecutive week of gains and traded near a nine-month peak on hopes the Federal Reserve may slow the pace of interest rate hikes."Fed policy calibration thematic amid signs of more entrenched […]
  • USD/ZAR hits 1-week low ahead of SA manufacturing dataUSD/ZAR hits 1-week low ahead of SA manufacturing data The South African Rand gained more than 1% against a softer US Dollar on Monday ahead of South African manufacturing production figures that could provide further clues over the nation’s economic health.Meanwhile, the US Dollar […]
  • Copper extends gains on QE outlookCopper extends gains on QE outlook Copper extended Wednesdays gains and surged more than 3% on Thursday, following Feds comments which dampened speculation over an earlier than expected deceleration of the central banks monetary easing program.On the Comex division of the […]
  • GBP/USD hits session lows as Bank of England keeps its current policy courseGBP/USD hits session lows as Bank of England keeps its current policy course British pound fell to daily lows against the US dollar on Thursday, after Bank of England maintained the current course of its monetary policy at todays meeting.GBP/USD slipped to its lowest point today at 1.6056 at 12:00 GMT, after which […]
  • Cisco beats estimatesCisco beats estimates Cisco Systems Inc., the largest computer networking manufacturer, reported 14.5% profit raise from last year. The boost in quarterly sales led to a similar boost in earnings per share. The world leading computer gear maker struggled in recent […]