Hong Kong Regional Trade Agreements

Hong Kong> Hong Kong is a founding member of the World Trade Organization (WTO) and a member of the Asia-Pacific Economic Cooperation (APEC). Despite mainland China`s accession to the WTO, Hong Kong is well positioned to play a key role for U.S. companies looking to increase exports to China, one of the world`s fastest-growing markets. Hong Kong is a trade node for mainland China and the region; Its commercial enterprises are experts in promoting products and services imported into mainland China. Similarities in linguistic and cultural traditions have allowed Hong Kong traders to maximize opportunities for U.S. businesses, and especially for small and medium-sized enterprises and early exporters. Hong Kong has concluded a free trade agreement with mainland China, the Closer Economic Partnership Arrangement (CEPA), which provides for duty-free export from Hong Kong to mainland China and preferential access to certain service sectors. . . .