Hong Kong and Australia tie up bilateral trade and services agreement, offering respite from global trade war



Denise Tsang and Kinling Lo | South China Morning Post

Hong Kong and Australia reached a deal at a regional summit on Thursday to allow bilateral free trade and services at a time when global economies are under the shadow of a trade war.

The pair concluded 18 months of negotiations over a free trade agreement and an investment agreement, which will cover trade in goods, trade in services, investment and other related areas and boost mutual trade and services flow.

It is Hong Kong’s ninth free trade agreement to date.

“This document with Australia is important because the service industries in both Australia and Hong Kong are highly complementary,” Secretary for Commerce and Economic Development Bureau Edward Yau Tang-wah said on the sidelines of the 30th Apec Ministerial Meeting in Port Moresby, Papua New Guinea.

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