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HONG KONG Nike Air Max 95 UK Sale , Sept. 9 (Xinhua) -- China's Hong Kong Special Administrative Region (HKSAR) and the Association of Southeast Asian Nations (ASEAN) announced Saturday the conclusion of the negotiations on a Free Trade Agreement (FTA) and a related Investment Agreement.
The announcement was made at the second ASEAN Economic Ministers-Hong Kong, China Consultations (AEM-HKC Consultations), co-chaired by HKSAR government's Secretary for Commerce and Economic Development Edward Yau and Philippine Secretary of Trade and Industry Ramon Lopez, in Pasay City Nike Air Max 97 Summit White UK Sale , the Philippines.
"ASEAN is a very important trading partner of Hong Kong. It was our second largest trading partner in merchandise trade in 2016 and the fourth largest in services trade in 2015," said Yau.
"Our economy stands to benefit from the FTA and the Investment Agreement, which will bring us more and better access to the ASEAN markets, create new business opportunities and further enhance trade and investment flows."
Hong Kong and ASEAN will sign the FTA and the Investment Agreement in November this year Nike Air Max 97 Undefeated UK Sale , according to Yau.
"The Agreements are comprehensive in scope and the commitments therein are of value, encompassing trade in goods, trade in services, investment Nike Air Max 97 Womens UK Sale , economic and technical cooperation and dispute settlement mechanisms," he said, adding that the FTA will become effective after completion of the necessary procedures.
The FTA negotiations between Hong Kong and ASEAN commenced in July 2014 and were completed in July 2017.
The total merchandise trade between Hong Kong and ASEAN amounted to 833 billion Hong Kong dollars (about 106.8 billion U.S. dollars) in 2016, and total services trade between the two sides was 121 billion Hong Kong dollars (about 15.5 billion U.S. dollars) in 2015 Nike Air Max 97 Mens UK Sale , according to statistics provided by the HKSAR government.
On investment, as at the end of 2015, ASEAN ranked the sixth among Hong Kong's destinations of outward direct investment, with a stock of 218 billion Hong Kong dollars (about 27.9 billion U.S. dollars) Nike Air Max 97 UK Sale , and it ranked the sixth among Hong Kong's sources of inward direct investment, with a stock of 555 billion Hong Kong dollars (about 71.1 billion U.S. dollars).
MIAMI, United States, Sept.8 (Xinhua) -- U.S. National Hurricane Center said Friday evening that Hurricane Irma has strengthened to category five hurricane as it prepares to make landfall in Florida.
13th National Games close
Aftermath of 8.2 magnitude quake in Mexico
China Nike Air Max TN Mens UK Sale , Pakistan air forces hold joint training exercises
Beijing airport succeeds in test fly unde circumstance of low visibility
China, Pakistan air forces hold joint training exercises
Pic story: Chinese grape and wine expert
Farmers busy with farm work around Bailu across China
Rural children take free lunch in SW China's Guizhou
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