Hong Kong, Mexico sign investment agreement to strengthen economic ties


People wearing masks, purchasing flowers at a New Year market in Hong Kong's Victoria Park on Friday (Jan 24) to celebrate the Lunar New Year which marks the Year of the Rat in the Chinese zodiac on Saturday. On Friday, Hong Kong and Mexico have signed an Investment Promotion and Protection Agreement to strengthen mutual economic ties. - AP

HONG KONG: Hong Kong and Mexico have signed an Investment Promotion and Protection Agreement (IPPA) to strengthen mutual economic ties, the Hong Kong Special Administrative Region (HKSAR) government announced on Friday (Jan 24).

The agreement, signed in Davos, Switzerland, on Thursday local time by representatives of the two sides on the sidelines of the World Economic Forum Annual Meeting, is set to enhance the confidence of investors, expand investment flows and further strengthen the economic and trade ties between the two places, the HKSAR government's Trade and Industry Department said in a press release.

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