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HK free trade regime commended

November 21, 2014

The World Trade Organisation has again commended Hong Kong for its open and free trade policies at a trade policy review meeting in Geneva.

 

Deputy Secretary for Commerce & Economic Development Carol Yuen said the city is encouraged by the WTO's commendation, and Hong Kong's active and constructive role in strengthening the WTO and the multilateral trading system.

 

The city is also pleased with the organisation's recognition of its efforts in the further liberalisation of its trade and investment regime, its work in enacting the Competition Ordinance and the enhanced protection of intellectual property rights.

 

The city will continue to play an active and constructive role in strengthening the WTO and the multilateral trading system, she added.

 

In her concluding remarks, the WTO Trade Policy Review Body Chairperson Mariam Salleh praised Hong Kong for being one of the most liberal and market-friendly economies, characterised by a sound legal system and transparent regulatory settings. She also highlighted the city's exemplary achievements that illustrate how an open trade and investment regime is crucial in harnessing the benefits of global integration.

 

The review covered a range of Hong Kong's trade objectives, policies and practices, including trade in goods and services, the general economic environment in Hong Kong, and its deepening trade relationships with the Mainland and other trading partners.



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