Hong Kong Set to Deliver Significant Value to RCEP Free-Trade Pact, Says John Lee
Hong Kong's Ambitions in RCEP
Hong Kong is on the brink of contributing significant value to the world's largest free-trade pact, the RCEP, after Chief Executive John Lee emphasized its readiness to assist ASEAN nations. During the recent Hong Kong ASEAN Summit organized by the South China Morning Post, Lee unveiled plans to establish an Economic and Trade Office in Kuala Lumpur, aiming to bolster trade relations within the ASEAN bloc.
Strengthening Ties with Southeast Asia
Lee articulated that the Greater Bay Area harbors immense potential for investment, and Hong Kong is eager to help its ASEAN counterparts seize these opportunities. The city has actively sought RCEP membership, which will unify trade among the 10 ASEAN member states, significantly lowering tariff barriers.
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