SYA

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3.3¢ sayona mining limited

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kobiken

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18/07/21

16:36

Post #: 54584965
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Originally posted by Verplak85: ↑

LABOR RIGHTS
US ramps up warnings of business risks in China's Xinjiang region
JUL 14, 2021 10:00 AM PHT
REUTERS

WASHINGTON, USA
Businesses and individuals 'could run a high risk of violating US law' if they maintain links to Xinjiang, says the US State Department

The US government on Tuesday, July 13, strengthened its warnings to businesses about the growing risks of having supply chain and investment links toChina's Xinjiang region, citingforced labor and human rights abusesthere.
"Given the severity and extent of these abuses, businesses and individuals that do not exit supply chains, ventures, and/or investments connected to Xinjiang could run a high risk of violating US law," the State Department said in a statement.
Signaling broader US government coordination on the issue, the Department of Labor and the US Trade Representative's Office joined in issuing the updated advisory, first released on July 1, 2020, under the Trump administration by the State, Commerce, Homeland Security, and Treasury departments.
The Treasury Department declined to comment on aFinancial Timesreport that the United States would impose more sanctions this week in response to China's crackdowns in Xinjiang and Hong Kong.
A source familiar with the matter told Reuters they were hearing the administration was preparing new sanctions, but had no details on the timing. Another source told Reuters the administration could announce a similar business advisory covering Hong Kong as soon as Friday, July 16, based on deteriorating conditions there.
The new advisory announced on Tuesday strengthens warnings to US companies, noting they are at risk of violating US law if their operations are linked even "indirectly" to the Chinese government's "vast and growing surveillance network" in Xinjiang. The warning also applies to financial support from venture capital and private equity firms.
It also summarized previously announced actions taken by the Biden administration to address alleged forced labor and rights abuses in Xinjiang, including a US Customs and Border Protection ban on some solar product imports, and sanctions on Xinjiang companies and entities.
On Friday, July 9, the administration added 14 Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang.
The advisory said China's government continues "horrific abuses" in Xinjiang and elsewhere "targeting Uyghurs, ethnic Kazakhs, and ethnic Kyrgyz who are predominantly Muslim, and members of other ethnic and religious minority groups."
China denies abuses and says it has established vocational training centers in Xinjiang to address religious extremism.
USTR Katherine Tai praised Canada, Mexico, and other US partners and allies for committing to ban the import of goods made with forced labor.
"I want to commend our allies for sending a clear sign that there is no place for forced labor in a fair, rules-based international trading system," she said in a statement.
President Joe Biden has sought to enlist help from US allies to hold Beijing accountable for human rights abuses and what the White House says are increasingly coercive foreign and trade policState Department spokesman Ned Price told a regular news briefing Washington would continue to hold Hong Kong authorities accountable for the erosion of the rule of law and would impose "costs and sanctions" on Chinese officials responsible for human rights abuses, including forced labor.
He said risks to the rule of law that were formerly limited to mainland China were now increasingly a concern for Hong Kong, but made no specific mention of any new measures. – Rappler.com

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Thanks for backing up your statement Verplak85.
If this passes, it really will light a fuse under SYA.
My 5 years of patience feels like it is really starting to pay off now. Average is 0.039. It wasn't my plan, but I may even add to my position now.

SYA Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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General Discussion Topics, page-12078

US ramps up warnings of business risks in China's Xinjiang region

Cauldron Energy reports "excellent" uranium assays in latest drill run

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NRW Holdings inks $109M deal with BHP for works at Jimblebar

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The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

General Discussion Topics, page-12078

Top Stories

Cauldron Energy reports "excellent" uranium assays in latest drill run

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News