Hong Kong, ASEAN Conclude Free Trade Talks

by Mary Swire, Tax-News.com, Hong Kong

14 September 2017

Hong Kong has announced the conclusion of free trade agreement negotiations with the Association of South East Asian Nations (ASEAN).

The negotiations started in July 2014, and were concluded on September 9 at the 2nd ASEAN Economic Ministers-Hong Kong, China Consultations.

The ASEAN bloc is a regional intergovernmental organization comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

"ASEAN is a very important trading partner of Hong Kong. It was our second-largest trading partner in merchandise trade in 2016 and the fourth largest in services trade in 2015," said Yau. "Our economy stands to benefit from the FTA and the Investment Agreement, which will bring us more and better access to the ASEAN markets, create new business opportunities, and further enhance trade and investment flows."

The new agreements will be signed in November.

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