ASEAN, Hong Kong sign trade, investment deals

CNC
Added On November 14, 2017

ASEAN and China's Hong Kong on Sunday concluded a free trade agreement to strengthen trade and economic relations. They also  signed a related document to facilitate trade and investment.
 
The agreements are aimed at providing ASEAN and Hong Kong better access to markets, creating new business opportunities, and enhancing trade and investment flows between the two sides.
 
Edward Yau, Secretary for Commerce and Economic Development of Hong Kong, said the agreements will also help reduce restrictions in conducting business and expand opportunities for Hong Kong enterprises.
 
ASEAN is Hong Kong's second largest trading partner in merchandise trade and the fourth largest in services trade.
 
Hong Kong and ASEAN began the negotiations on the free trade and investment agreements in 2014. They announced negotiations had been concluded in September this year.
 
The agreements are expected to come into force on January 1, 2019, at the earliest.