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President U Win Myint on Tuesday urged parliament to ratify the ASEAN-Hong Kong Investment Agreement and ASEAN-Hong Kong Free Trade Agreement, because it could help attract more investment from China’s autonomous regions.

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Hong Kong, the Special Administrative Region (SAR) of the People’s Republic of China, attaches great importance to ASEAN including Brunei Darussalam.

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The ASEAN – Hong Kong Free Trade Agreement (FTA) is now in its final stage and is hoped to take effect within 2019, according to Xinhua news agency. Xinhua quoted Law Kin-wai, director general of the Hong Kong Economic and Trade Office in Jakarta, Indonesia, as saying on February 12 that member states of the Association of Southeast Asian Nations (ASEAN) are proceeding with necessary domestic ratifications and procedures that would pave the way for the enforcement of the FTA.

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Việt Nam and Hong Kong should promote investment, trade and service flows between the two sides to take advantage of a diversion of trade from China amid escalating tension between the US and China, a banking official said yesterday.

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Besides the bilateral Free Trade Agreements (FTAs) that they have individually signed with other countries, each ASEAN member state is a signatory to the ASEAN Free Trade Area (AFTA) between themselves as well as the several FTAs that the regional trade bloc has signed with some of the major economies in the Asia-Pacific region.

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The two-day Asian Logistics and Maritime Conference, which ended on Wednesday in Hong Kong, drew the participation 70 speakers from the logistics and maritime sectors and 2000 industry professionals from 30 countries.

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Investors from Hong Kong (China) are increasing their capital in Vietnam to grasp opportunities brought by trade and investment agreements inked between the two sides.

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Vietnamese firms can overcome their internal limitations by doing business in and with Hong Kong, experts say.

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A new Free Trade Agreement (FTA) between Hong Kong and the Association of Southeast Asian Nations (ASEAN) and a related Investment Agreement are set to create fresh opportunities for business collaboration between Hong Kong and Myanmar.

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On November 12, 2017, Hong Kong and the Association of Southeast Asian Nations (ASEAN) signed free trade and investment agreements to strengthen economic cooperation between the two regions and stimulate economic development.

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