RCEP｜Qiu Tenghua: Hong Kong is eagerly looking forward to joining the Regional Comprehensive Economic Partnership Agreement

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Written by: Yang Qian

2020-11-16 23:53

Last update date: 2020-11-16 23:54

Secretary for Commerce and Economic Development, Qiu Tenghua, attended the ministerial meeting of the Asia-Pacific Economic Cooperation (APEC) tonight (16th), said that the signing and development of the Regional Comprehensive Economic Partnership (RCEP) is an important milestone in regional economic integration , To clearly and strongly release the message of supporting open, inclusive and rules-based trade and investment arrangements. Hong Kong is eager to join RCEP.

Qiu Tenghua (middle) attended the Ministerial Conference of the Asia-Pacific Economic Cooperation Organization (Photo by the Government Information Service)

Qiu Tenghua said at the meeting that Hong Kong has signed a high-quality "Free Trade Agreement" with the Association of Southeast Asian Nations, Australia and New Zealand, and has also implemented the "Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)" with the Mainland. Hong Kong is eager It is hoped to join RCEP. The time is ripe and when member economies allow new partners to join, Hong Kong is happy to start a dialogue on joining RCEP.

The APEC Ministerial Meeting under the epidemic was conducted via video (Photo by the Government Information Service)

At the video conference tonight, the ministers shared their insights on a number of important issues related to global trade and regional economic integration, including support for the multilateral trading system and the World Trade Organization, response to the COVID-19 epidemic and related economic recovery Measures and how to promote the development of the digital economy.

Expand the "Air Travel Bubble" in the region

Qiu Tenghua mentioned the "air travel bubble" established by Hong Kong and Singapore, and said that Hong Kong will continue to discuss with other APEC member economies in order to expand the "air travel bubble" network in the region, and provide new solutions for public health, testing and support for post-epidemic trade. The service sector opens up numerous business opportunities.

Qiu will also speak later on inclusive participation, digital economy and sustainable development of innovation.

Face-to-face contact may be blocked under the epidemic, and online dispute resolution can fill up the space and assist companies in handling cross-border commercial disputes.

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