April 4, 2017
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In January-October 2017, Hong Kong’s main export markets were the Chinese mainland, the EU, the US, ASEAN, India and Japan, which respectively made up fifty four%, eight.9%, 8.6%, 7.4%, four.1% and three.3% of Hong Kong’s total exports; modifications in exports to the above markets had been +9%, +4.3%, +zero.4%, +9.5%, +35.1% and +9.5%, respectively.
On the enhancement of bilateral ties, the Authorities will actively search to sign free commerce agreements (FTAs), investment promotion and safety agreements (IPPAs) and comprehensive avoidance of double taxation agreements (DTAs) with other economies to open up markets and to additional strengthen Hong Kong’s place as a global commerce, industrial and monetary centre.
On the premise of the Guangdong Agreement, the Agreement on Commerce in Services signed in November 2015 further enhances the liberalisation in each breadth and depth, including extending the implementation of nearly all of Guangdong pilot liberalisation measures to the entire Mainland; decreasing the restrictive measures in the adverse record; and including 28 liberalisation measures within the positive lists for cross-border companies as well as cultural and telecommunications services.
These include analyzing facilitation measures to assist the growth in transhipment, cross-boundary e-commerce and excessive worth-added air cargo business in Hong Kong; exploring with the Chinese authorities methods to open up extra channels for two-means cross-border RMB fund flows and two-way participation of buyers within the bond market; providing funding for universities and business to conduct research and improvement activities and to support begin-ups; and striving to additional improve air quality, water quality, green and blue assets and waste administration.