with the EU’s commitment to project a strong, clear and unified voice in its approach to China; recalls that China has signed up to a wide range of international human rights treaties and conventions and therefore highlights the importance of pursuing dialogue with China to ensure that China lives up to its commitment to abide by the international human rights framework; 12. Deeply regrets the failure to adopt Council conclusions on Hong Kong at the April EU Foreign Affairs Council; strongly supports the VP/HR in submitting draft conclusions at the earliest opportunity, and urges the Member States to address the impasse and adopt new measures including targeted sanctions under the EU global human rights sanctions regime, including the implementation of travel bans and asset freezes, against individuals and entities in Hong Kong and China for the serious violations of human rights and international law in Hong Kong, including Carrie Lam, Teresa Yeuk-wah Cheng, Xia Baolong, Zhang Xiaoming, Luo Huining, Zheng Yanxiong, Chris Tang Ping-keung, Stephen Lo Wai-chung, and John Lee Ka-chiu, as well as PRC institutions, which have a crucial role in adopting measures and complicit actions undermining Hong Kong’s high degree of autonomy and freedoms; 13. Reiterates its position on the EU-China Comprehensive Agreement on Investment, expressed in its resolution of 21 May 2021, including the urgent need to adopt additional targeted measures under the EU global human rights sanctions regime, as necessary, in order to continue addressing the repression in Xinjiang and Hong Kong and aimed at China putting an end to all the violations; 14. Calls on the EEAS and the Council to continue assessing and making progress on the package of measures adopted in July 2020 and to set a clear timeline for their implementation; calls on the EEAS to continue its assessment of, and to prepare concrete responses to, the possible extraterritorial effects of the NSL, in particular Article 38 thereof, which provides that the law is applicable also to those who are not permanent residents of Hong Kong; welcomes the decision by EU Member States and other international partners to suspend extradition treaties with Hong Kong; reiterates its demand that the 10 remaining Member States’ extradition treaties with China be suspended; 15. Recalls and reiterates its condemnation of the complicity of EU-based banks in freezing the assets and bank accounts belonging to former pro-democracy law-makers; calls on the EEAS to evaluate the level of compliance, involvement and collaboration of EU-based companies with the Hong Kong authorities in enforcing the NSL, and calls on the Member States to reach out to EU-based banks to release assets belonging to Hong Kong prodemocracy activists; 16. Calls on the Commission to assess the long-term commercial impact for EU firms operating in Hong Kong in light of the implementation of Hong Kong’s NSL, with reference to the changing rule of law and free flow of information and capital in the city; calls on the Commission and the EEAS to continue applying and working on appropriate export control mechanisms to deny China and Hong Kong access to technologies used to violate human rights, and to consider rules to prevent European investment in companies that are complicit in gross human rights violations in China and Hong Kong, including the option of an entity list;