Please enter your email address to receive a password reminder.
Log into Tax-News+
Hong Kong expects to conclude free trade agreement (FTA) negotiations with the Association of Southeast Asian Nations (ASEAN) by the end of the year.
Philip Yung, the Permanent Secretary for Commerce and Economic Development, said talks are in the final stages. "The two sides are working towards the objectives of concluding the FTA negotiation shortly and signing the agreement within this year," said Yung.
It was previously hoped that the negotiations between Hong Kong and ASEAN could be concluded in 2016. The 10 member countries of ASEAN are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Once the FTA has been implemented with ASEAN, Hong Kong is expected to seek to join the Regional Comprehensive Economic Partnership (RCEP) currently being negotiated between ASEAN and its six FTA partners: Mainland China, Japan, South Korea, Australia, New Zealand, and India.
IMPORTANT NOTICE: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
All rights reserved. © 2017 Wolters Kluwer