Hong Kong (China) is expected to officially join RCEP in July.

On June 28, the Commercial Newspaper reported that the Hong Kong Special Administrative Region (China) government plans to officially join the Regional Comprehensive Economic Partnership (RCEP) next July.

Hiệp định RCEP được kỳ vọng sẽ làm giảm biến động giá cả và các mối đe dọa đối với chuỗi giá trị toàn cầu. (Nguồn: Nation Thailand)

RCEP was signed by leaders of 15 Asia -Pacific countries in November 2020. (Source: Nation Thailand)

Hong Kong's Commerce and Economic Development Bureau Secretary Yau Ying-wah said that the authorities are still actively promoting RCEP accession.

The Chinese government and ASEAN member countries all support Hong Kong's accession to the agreement.

However, since RCEP has just officially come into full effect (June 2), it is necessary to prioritize the handling of the corresponding work, and then consider approving Hong Kong's application.

The 15 RCEP member countries are all important trading partners of Hong Kong. Therefore, during his recent visit to Japan, Mr. Chiu also reiterated the Special Administrative Region's desire to join RCEP as soon as possible.

RCEP was signed by leaders of 15 Asia-Pacific countries in November 2020.

The agreement officially took effect on January 1, 2022, after being ratified by seven Southeast Asian countries and Australia, China, Japan, and New Zealand.

Source