Political Appointments System in Hong Kong of HK$220,000 per month (US$28,000) is more than the salary of US Secretary of State Condoleezza Rice, and also more than Alan Greenspan earned as the chairman of the US Federal Reserve. A political assistant would earn more than what Tony Snow earned (US$ 14,000 per month) as the former White House Press Secretary. Political observer Michael Chugani said there was no "single credible reason why these novice politicians are being paid more than heads of state of some countries." Lau Ngai-keung was sceptical that political appointments would help to foster local political talent, noting that such appointees may earn
Secretary of State for International Trade in favour of leaving the European Union. Withdrawal from the European Union will require new trade agreements to be formed. The inaugural holder is former Defence Secretary Liam Fox, who was appointed on 13 July 2016. The Secretary of State also holds the position of President of the Board of Trade, a committee of the Privy Council of which the incumbent is the sole official member. Colour key (for political parties): Secretary of State for International Trade Her Majesty's Principal Secretary of State for International Trade (International Trade Secretary) is a cabinet ministerial position in the government of the United