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…
Secretary for Commerce and Economic Development Algernon Yau expressed optimism about Hong Kong's potential accession to the Regional Comprehensive Economic Partnership (RCEP), stating that it could provide a significant boost to the Free Trade Area of the Asia-Pacific (FTAAP) agenda. Yau welcomed the formation of the Accession Working Group for Hong Kong in September and expressed hope that accession would further propel the FTAAP agenda.
During a virtual meeting at the 37th Asia-Pacific Economic Cooperation (Apec) Ministerial Meeting, Yau emphasized that enhancing economic integration is the core objective of Apec, with one of its directions being the ongoing advancement of the FTAAP. He urged member economies to continue strengthening connectivity across various sectors, ensuring the seamless movement of goods, services, capital, and people, while narrowing development disparities and generating opportunities for all sectors throughout the region.
Yau firmly stressed that the multilateral trading system must remain the bedrock of regional integration and international trade, underscoring the importance of bolstering cooperation to navigate the rapidly evolving trade landscape.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Yau highlights benefits of RCEP accession for HK news.rthk.hk
