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<Budget>Paul Chan: HK Exploring New Investment Agreements with Saudi Arabia, Egypt
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Facing a complicated and ever-changing geopolitical and economic landscape, Hong Kong will strive to consolidate and enhance its status as an international trade centre on all fronts, Financial Secretary Paul Chan said. For this purpose, the government is strengthening its role as the functional node for the Belt and Road (B&R) Initiative, and planning to forge more free trade agreements and investment agreements (IAs). It has concluded negotiations of IAs with Qatar, Bangladesh and Peru respectively, and is exploring the signing of new IAs with Saudi Arabia and Egypt. Hong Kong has so far signed a total of 55 Comprehensive Avoidance of Double Taxation Agreements (CDTA), including those signed with Jordan, Maldives, Norway and Rwanda last year, he added. Hong Kong will further expand its CDTA network. The authority will continue reaching out to relevant authorities in B&R regions to seek more project matching opportunities for Hong Kong enterprises and professional services, while encouraging and assisting external organizations to stage roadshows in Hong Kong. AASTOCKS Financial News Website: www.aastocks.com |
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