Photo by Simon Zhu for Unsplash

HK updates trade agreement with Chile 

The updated FTA covers commitments in 50 new service sectors. 

The updated Free Trade Agreement between Hong Kong and Chile, which includes new commitments for trade in new service areas, will enter into force on 6 April. 

The updated commitments will strengthen trade co-operation between the two economies as they create more business and investment opportunities in both Hong Kong and Chile.

It will also improve the free trade agreement's existing commitments and open 50 more service sectors covering professional and business, technical testing and analysis, convention, computer, communication, distribution, and education areas.

READ MORE: Hang Seng China unfolds cross-boundary wealth management centre in GBA

Secretary for Commerce and Economic Development, Algernon Yau, said the updated commitments came at an opportune time when a revived world trade created opportunities for Hong Kong businesses and investors to diversify their markets.

Yau added that it demonstrates Hong Kong Government's efforts to seek access to international markets and promote the city's services sectors overseas.

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