Eu Hong Kong Free Trade Agreement

The crucial question is whether China`s seizure of power in Hong Kong will weigh on the EU investment agreement with China that Germany intends to conclude this year. The high-ranking diplomat said Hong Kong could “change the game” as issues of the rule of law multiply in a city of 7 million people, which is the base of many European investors in the region. The agreement covers trade in services and goods as well as investment and other trade-related issues, such as intellectual property protection. It is fully compliant with the provisions of the World Trade Organization. An interactive list of bilateral and multilateral free trade instruments can be find on the TREND Analytics website. [59] The European Free Trade Association (EFTA) was Hong Kong`s 13th largest trading partner. Trade in goods between EFTA and Hong Kong amounted to HK 106.1 billion in 2019. In terms of services trade, EFTA was our 17th largest trading partner, with two-way trade in services of HK 13.8 billion in 2018. European leaders are unable to follow the United States and threaten trade sanctions against Beijing as they try to shore up Hong Kong.

Despite growing tensions over the former British colony, German Chancellor Angela Merkel, Europe`s most powerful politician, is insisting on making the EU a pioneering investment deal with China before the end of the year. The EU and Hong Kong have stable trade relations. Bilateral trade and economic relations are mature and characterized by a very limited impact of trade stimuli. The People`s Republic of China has bilateral trade agreements with the blocs, countries and their two specific administrative regions:[13] For EFTA-Hong Kong, China Trade Statistics, see EFTA`s trade statistics tool This article is part of POLITICO`s premium pro trade policy service. From transatlantic trade wars to the UK`s future trade relationship with the EU and the rest of the world, pro trade gives you the understanding you need to plan your next step. E-mail [email protected] for a free trial version. The annual structured dialogue meetings between the European Commission and hong Kong government authorities allow the EU to exchange information with the Hong Kong authorities on a wide range of key bilateral trade issues. The Eurasian Economic Union, composed of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded free trade agreements, see below. List of agreements being negotiated. Agreements that have so far been discussed only in the absence of formal action by the parties concerned are not mentioned. It is a list of free trade agreements between two parties in which each party could be a country (or another customs territory), a trade bloc or an informal group of countries. The volume of trade between Hong Kong and the EU makes cooperation between their customs authorities very important to facilitate legitimate trade flows and preserve the security of supply markets.