• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Australia Rescinded Extradition Treaty with China


March, 28 2017
watermark Economic news

Australia withdrew its vote to ratify the extradition treaty with China on Tuesday. This is a setback for the Asian country with one of their agenda in pursuit of corrupt officials and corporate personnel who have escaped abroad with their assets referred to as “Operation Fox Hunt”. If this is approved, Australia will become one of other countries that agreed to an extradition treaty besides France and Spain.

Ten years have passed after this was signed which was mainly because of Australia’s opposition with the humanitarian issue with China where there is accusation of an inappropriate method to obtain a confession.

Chinese Foreign Ministry spokeswoman Hua Chunying explained that this treaty would open as a middle ground for both countries to catch cross-border criminals as a common interest reminding that there is a bigger scope with the treaty considering the bilateral relations and important domestic processes.

Top Top
defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }