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BUSINESS & TECH

Hong Kong, Southeast Asian Nations Sign Long-Awaited Trade Deal

Most Southeast Asian countries pledged to reduce customs duties on Hong Kong goods over the next decade. In return, Hong Kong, home to one of the world’s busiest ports, will allow tariff-free access for all products originating from member states of the Association of Southeast Asian Nations. Photo: Visual China
Most Southeast Asian countries pledged to reduce customs duties on Hong Kong goods over the next decade. In return, Hong Kong, home to one of the world’s busiest ports, will allow tariff-free access for all products originating from member states of the Association of Southeast Asian Nations. Photo: Visual China

(Hong Kong) — Hong Kong has signed a landmark free trade deal with the Association of Southeast Asian Nations (ASEAN), in a move the city’s commerce secretary says could further integrate Hong Kong into China’s Belt and Road initiative.

The free trade agreement, along with a related investment agreement, was signed on Sunday in the Philippines by representatives from Hong Kong and the 10 member states of the association.

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