Hong Kong secures expanded equal treatment and investment guarantees across Asean
Hong Kong firms will benefit from expanded non-discriminatory treatment and investment guarantees in 10 Asean states after a protocol amending an investment agreement with the bloc was signed on Sunday. The protocol was signed in Manila – where Asean economic ministers are meeting – ahead of dedicated trade consultations between Hong Kong and the bloc. Undersecretary for Commerce and Economic…
Hong Kong's Commerce and Economic Development Bureau announced the signing of a protocol amending an investment agreement with the Association of Southeast Asian Nations (Asean), which will provide non-discriminatory treatment and investment guarantees to Hong Kong firms in 10 Asean states. The protocol, signed in Manila, ensures that local enterprises will receive treatment no less favorable than that given to domestic or foreign enterprises in the region.
The agreement is set to enhance Hong Kong's investment environment and boost investment flows, contributing to the city's position as an international investment hub.
Brief written by urgent.news from South China Morning Post - Hong Kong's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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