Yau highlights benefits of RCEP accession for HK
Secretary for Commerce and Economic Development Algernon Yau said Hong Kong's entry into the Regional Comprehensive Economic Partnership could inject fresh impetus into advancing the Free Trade Area of the Asia-Pacific (FTAAP) agenda. "We welcome the establishment of the Accession Working Group for Hong Kong in September this year, and hope that our accession could inject fresh impetus into…
Hong Kong's Secretary for Commerce and Economic Development, Algernon Yau, has highlighted the potential benefits of the country's accession to the Regional Comprehensive Economic Partnership (RCEP) for advancing the Free Trade Area of the Asia-Pacific (FTAAP) agenda. Speaking during a virtual meeting at the 37th Asia-Pacific Economic Cooperation (Apec) Ministerial Meeting, Yau expressed the hope that Hong Kong's accession, set to be established in September, could inject fresh impetus into the FTAAP agenda.
He emphasized the importance of economic integration as the core objective of Apec, calling for continued strengthening of connectivity in various areas to enable the efficient flow of goods, services, capital, and people. Yau also stressed the need to maintain the multilateral trading system as the foundation of regional integration and international trade, highlighting the importance of enhancing cooperation to address the seismic changes in the trade landscape.
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