Finance chief: Hong Kong strives to join RCEP

Paul Chan, Hong Kong's financial secretary, listens during a Bloomberg Television interview in Hong Kong, China, on Friday, June 5, 2020. - Bloomberg

HONG KONG (China Daily/ANN): Hong Kong hopes to be part of the first group of economies to join the Regional Comprehensive Economic Partnership (RCEP) after the agreement takes effect, Financial Secretary Paul Chan Mo-po said in a blog post on his website Sunday (Nov 22).

The total bilateral trade between Hong Kong and the 15 member states of RCEP accounts for 71 per cent of Hong Kong’s total trade in goods, Chan wrote.

“Joining the RCEP agreement will benefit trade in services and investment.”

Asia Pacific nations including China, Japan and South Korea signed on Nov 15 the world’s largest regional free-trade agreement, encompassing nearly a third of the world’s population and gross domestic product. China supports Hong Kong joining the RCEP.

Meanwhile, Chan wrote that it’s important to improve society’s understanding of “One Country, Two Systems” in light of last year’s social unrest.

He attended a legal forum marking the 30th anniversary of the Basic Law, which is Hong Kong’s mini-constitution. At that gathering, China signalled further changes to Hong Kong law. - China Daily/Asia News Network

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Hong Kong , finance Chief , Paul Chan Mo-po , RCEP


Did you find this article insightful?


100% readers found this article insightful

Next In Aseanplus News

WHO experts start quarantine in Wuhan
Philippines: Duterte critic and journalist Maria Ressa charged again with cyber libel
US says Vietnam's currency actions 'unreasonable' but holds off on tariffs
Damaged roads, lack of gear hinder Indonesia quake rescue
Sanitation worker gets first shot as India launches Covid-19 vaccination campaign; total now above 10.5 million
US NTSB team arrives in Indonesia to look into jet crash
Report: Asia recorded 17% rise in piracy, armed robbery in 2020
Singapore: 24 new Covid-19 cases with 4 in community and 1 in workers' dormitory
Indonesia records highest daily increase of over 14,000 Covid-19 cases; total almost 900,000
Covid-19: New record of 4,029 daily cases, eight fatalities bring death toll to 594

Stories You'll Enjoy