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Budget Speech

Hong Kong's External Trade

112. The Mainland and the Association of Southeast Asian Nations (ASEAN) are the largest and second-largest trading partners of Hong Kong respectively.  We will continue to strive to introduce more liberalisation measures under the framework of the Mainland and Hong Kong Closer Economic Partnership Arrangement, thereby creating more favourable conditions for Hong Kong enterprises to enter the Mainland market.  The Free Trade Agreement (FTA) and the related Investment Agreement (IA) between Hong Kong and ASEAN, both of which came into full effect last year, have been implemented smoothly.  ASEAN members welcome Hong Kong's interest in seeking accession to the Regional Comprehensive Economic Partnership (RCEP).  The HKSAR Government is pressing ahead with Hong Kong's early accession to the RCEP.

113. Apart from our major trading partners, we will also continue to seek to enter into FTAs and IAs with other economies.  We also strive to strengthen economic and trade connections with the economies in the Middle East and attract enterprises there to do business in Hong Kong through the newly-established Hong Kong Economic and Trade Office in Dubai.



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