ASEAN, Hong Kong FTA comes into effect
Trade between Hong Kong and ASEAN will be boosted with yesterday’s implementation of the ASEAN-Hong Kong Free Trade Agreement (AHKFTA), building on the already solid economic foundation both parties share and countering the escalating United States (US)-China trade war.Five years in the making, the AHKFTA kicked off on Tuesday with reductions and eliminations of customs duties in Lao PDR, Myanmar, Singapore, Thailand and Vietnam for Hong Kong imports.