Hong Kong looks forward to formal dialogues on RCEP membership: official
HONG KONG, June 5 (Xinhua) – Hong Kong looks forward to starting formal dialogues on its membership of the Regional Comprehensive Economic Partnership (RCEP) when RCEP is ready to hire new partners, a government official said. China’s Hong Kong Special Administrative Region said Saturday.
Trade and Economic Development Secretary Edward Yau made the remarks during an Asia-Pacific Economic Cooperation (APEC) video conference.
High-quality regional free trade agreements would bring tangible economic benefits and strengthen the foundations of the regional economy, he said, calling on economies to support the rules-based multilateral trading system and deepen the economy. regional economic integration with a view to the eventual realization of the free trade area. Asia-Pacific.
As the global economy struggles amid the COVID-19 pandemic, Yau stressed the importance of restoring cross-border travel as a crucial way to support economic recovery and revitalize hard-hit sectors like tourism.
Hong Kong would be ready to work with other APEC member economies to advance relevant initiatives while balancing public health considerations, he said.
RCEP brings together the 10 members of ASEAN – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam – as well as Japan, China, South Korea, Australia and New Zealand.