RCEP establishes accession working group for HK
The government has welcomed a decision by the Regional Comprehensive Economic Partnership (RCEP) to commence the accession process for Hong Kong. This came as RCEP on Monday approved the setting up of an Accession Working Group (AWG) for a number of applicant economies. Secretary for Commerce and Economic Development Algernon Yau described the decision as “a pivotal step forward in enlarging the…
The Hong Kong government has welcomed a decision by the Regional Comprehensive Economic Partnership (RCEP) to start the accession process for Hong Kong. RCEP announced on Monday the formation of an Accession Working Group (AWG) for applicant economies, which includes several countries. Secretary for Commerce and Economic Development Algernon Yau hailed the decision as a "pivotal step forward" in expanding the RCEP's membership.
Yau emphasized Hong Kong's readiness to actively cooperate in the AWG's work, including negotiations with RCEP members, aiming to complete all procedures as soon as possible. The SAR, along with Bangladesh, Chile, and Sri Lanka, are among the economies admitted to the AWG. Currently, RCEP consists of 15 member economies, including the mainland China, Japan, South Korea, Australia, New Zealand, and all ten ASEAN members.
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