RESTRICTED  
  
WT/TPR/W/158  
11 January 2019  
(19-0176) Page: 1/46 
Trade Policy Review Body    
 
* In Original language only/ En langue originale seulement /En el idioma original solamente . 
  
HONG KONG, CHINA 
DRAFT MINUTES  OF THE MEETING* HELD ON 26 AND 28 NOVEMBER 2 018 
Delegations are invited to submit factual corrections, if any, on their own statement to the 
Secretariat ( Mrs Barbara Blanquart: barbara.blanquart@wto.org , or to  tprd@wto.org ) no later 
than 25 January 2019 . 
 
Organe d'examen des politiques commerciales  
 
HONG KONG, CHINE 
PROJET DE COMPTE REN DU DE LA RÉUNION* TENUE LES 26 ET 28 NOVEMBRE 20 18 
Les délégations sont invitées à soumettre  leurs éventuelles corrections factuelles concernant leurs 
propres déclarations au Secrétariat ( Mme Barbara Blanquart: barbara.blanquart@wto.org , ou 
tprd@wto.org ) le 25 janvier 2019  au plus tard.  
 
Órgano de Examen de las Políticas Comerciales  
 
HONG KONG, CHINA 
PROYECTO DE ACTA DE LA REUNIÓN* CELEBRADA LOS DÍAS 26 Y 28 DE NOVIEMBRE  DE 2018 
Las delegaciones pueden enviar a la Secretaría (Sr a. Barbara Blanquart: 
barbara.blanquart@wto.org , o tprd@wto.org ) a más tardar el 25 de enero de 2019  las 
correcciones fácticas que deseen introducir en sus propias declaraciones.  
 
 
_______________  
 
  WT/TPR/W/158  • Hong Kong, China  
 
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  TRADE POLICY REVIEW  
 
HONG KONG, CHINA 
DRAFT  MINUTES OF THE MEET ING 
Chairperson: H.E. Mr Eloi Laourou (Benin)  
CONTENTS  
 
1   INTRODUCTORY REM ARKS BY THE CHAIRPER SON ................................ ......................  3 
2   OPENING STATEMEN T BY THE REPRESENTAT IVE OF HONG KONG, CHINA  ..................  5 
3   STATEMENT BY THE  DISCUSSANT  ................................ ................................ ...............  8 
4   STATEMENTS BY ME MBERS  ................................ ................................ ........................  10 
5   REPLIES BY THE R EPRESENTATIVE OF HON G KONG, CHINA AND ADDITIONAL 
COMMENTS  ................................ ................................ ................................ .....................  40 
6   CONCLUDING REMAR KS BY THE CHAIRPERSO N ................................ ........................  45 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Note: Advance written questions and additional questions by WTO Members, and the replies provided 
by Hong Kong, China are reproduced in document WT/TPR/M/380/Add.1 and will be available online 
at http://www.wto.org/english/tratop_e/tpr_e/tp_rep_e.htm.  WT/TPR/W/158  • Hong Kong, China  
 
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  1  INTRODUCTORY REMARKS  BY THE CHAIRPERSON  
1.1.  The eighth Trade Policy Review of Hong Kong, China was held on 26 and 28 November 2018. 
The Chairperson, H.E.  Mr Eloi Laourou (Benin), welcomed the delegation of Hong Kong, China, 
headed by Ms. Salina YAN, Director -General of Trade and Industry; the rest o f the delegation; and 
the discussant, H.E. Mr. Alfredo Suescum (Panama).  
1.2.  The Chairperson recalled the purpose of trade policy reviews and the main elements of 
procedures for the meeting. The report by Hong Kong, China is contained in document 
WT/TPR/G/3280  and that of the WTO Secretariat in document WT/TPR/S/380.  
1.3.  Questions by the following delegations had been submitted in writing before the deadline: 
Canada; Singapore; Kingdom of Saudi Arabia; Australia; United States; China; European Union; 
Ukraine; and G uatemala. The following delegations submitted written questions after the deadline: 
Japan; Thailand; New Zealand; Chinese Taipei; Chile; Russian Federation; Mexico; Philippines; 
Republic of Korea; Malaysia; and Turkey.  
1.4.  At the time of the previous Review in  2014, Members had noted that Hong Kong, China had 
maintained one of the most open trade and investment regimes, which had underpinned its 
continued economic growth, notwithstanding challenging external conditions. Members had also 
recognized Hong Kong, Ch ina's success in consolidating itself as a major exporter and international 
centre for high -value added services. Likewise, Members had noted with interest the active 
engagement of Hong Kong, China in bilateral and regional trade agreements, and had acknow ledged 
its increasingly deep economic and financial integration with Mainland China through the Closer 
Economic Partnership Arrangement and its supplements.  
1.5.  At the time of the previous Review, Hong Kong, China was congratulated for being the first 
Member to notify that it would implement all provisions of the Trade Facilitation Agreement upon its 
entry into force without making use of any flexibility arrangements. It was also commended for 
operating some of the world's most efficient and speediest customs clearance procedures and for its 
implementation of new trade facilitation measures, including its authorized economic operator 
scheme. Members noted that Hong Kong, China had continued strengthening its trade -related 
regulatory framework, mainly by adoptin g comprehensive competition legislation, and a new 
Companies Ordinance, and by updating some of its intellectual property laws to keep pace with 
technological developments.  
1.6.  Notwithstanding these impressive achievements, Members had identified some areas in  which 
further improvements could be made or where more information was sought. These areas included: 
tariff bindings; exemption of statutory bodies and coverage of merger control rules under the 
Competition Ordinance; SPS measures on specific products; le gislation and enforcement of 
intellectual property rights; and binding the services regime through more extensive GATS 
commitments.  
1.7.  Turning to the current review period, as noted in the Secretariat's report, between 2014 and 
2017, the economy of Hong Kong,  China grew at an average annual rate of 2.8%. This growth rate 
was slightly lower than at the time of the previous Review. Services, particularly trade and finance, 
continued to be the mainstay of the economy, contributing 92% to GDP and 88% to total 
employment, and reflecting Hong Kong, China's position as a global trade and financial centre. Hong 
Kong, China remains one of the most open economies in the world, with a trade/GDP ratio of 375%. 
Its investment regime remains open.  
1.8.  During the review period, Hong Kong, China adopted measures to further streamline customs 
procedures and strengthen its role as a transit hub. For example, in December 2015, the Competition 
Ordinance came into full effect, and some changes to the government procurement regime were 
introduced in order to bring regulations in line with the revised GPA. Hong Kong, China also stepped 
up efforts to address IPR infringing activities in the digital environment. In the telecommunications 
sector, the authorities reassigned the frequency spec trum for existing mobile services, and reviewed 
licensing conditions in carrier licences. In financial services, a new Insurance Authority in charge of 
supervision and licensing was established in 2017.  WT/TPR/W/158  • Hong Kong, China  
 
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  1.9.  The Chairperson drew Members' attention to some othe r issues of interest to them as raised in 
their advance written questions for this TPR. Regarding the trade regime, Members were keen to 
obtain more detail about Hong Kong, China's participation in the Closer Economic Partnership 
Agreement with China and i n other RTAS, as well as its involvement in the Belt and Road Initiative.  
1.10.   With respect to trade measures, Members raised issues pertaining to the implementation of 
the WTO Trade Facilitation Agreement; the time -frame for the entry into operation of the ne w Trade 
Single Window; the prevention of transhipment of illegal goods; support schemes for innovation and 
professional services; the development of the local testing and certification industry; measures to 
enhance transparency of SPS rules; plans to expan d the scope of the merger review; and the 
participation of foreign companies in government procurement. A number of questions were raised 
regarding the intellectual property regime, relating, in particular, to the proposed amendments to 
the Copyright Ordin ance, the new original grant patent system, actions to combat counterfeiting, 
and several aspects of the enforcement of IPRs. Members also raised questions on some services 
sectors, including legal services.  
1.11.   This meeting was a good opportunity for Members to discuss in greater detail issues of interest 
to them and of systemic importance to the multilateral trading system. The Chairperson looked 
forward to a productive exchange of views.  
1.12.   Before the Chairperson opened the floor to discussion, he referred to a  request received in 
connection with the TPR of the East African Community (EAC) scheduled for 20 and 22  March  2019. 
He informed Members that the EAC Secretariat had requested ad hoc observer status for the TPR of 
EAC Members (Burundi, Kenya, Rwanda, Tanza nia, and Uganda). The EAC Secretariat had helped in 
the preparation of the joint Review of its member States. Therefore, in the absence of any objection, 
he suggested Members accept this request.  
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  2  OPENING STATEMENT BY  THE REPRESENTATIVE OF HONG KONG, CHIN A 
(MS. SALINA  YAN)  
Introductory remarks  
2.1.  It is my great pleasure to be here today to represent Hong Kong, China (HKC) in this Trade 
Policy Review (TPR) meeting. HKC attaches great importance to the TPR Mechanism, which is one 
of the important functions of t he World Trade Organization (WTO) to enhance transparency and 
foster a better understanding of the trade policies and practices of WTO Members. It is also a 
sentimental moment for me personally coming back to the WTO ground some 10 years after my 
assignmen t as Deputy Permanent Representative of HKC to the WTO from 2006 to 2009.  
2.2.  I would like to begin by thanking Ambassador Laourou for chairing the meeting, Ambassador 
Suescum for serving as the Discussant, and all of you for coming today to the meeting. I wou ld also 
like to thank the WTO Secretariat for all its hard work in preparing for this review.  
The macro picture  
2.3.  Let me begin with an update of our macroeconomic developments since the last Review in 
2014.  
2.4.  HKC's economy grew by 2.4% in 2015 and 2.2% in 2016 , followed by a pick -up in growth to 
3.8% in 2017 and 3.7% in the first three quarters of 2018 alongside global economic expansion. 
Considering, however, the downside risks and rising headwinds in the external environment, the 
economy is forecast to grow b y 3.2% in 2018 as a whole.  
2.5.  As an open and externally -oriented economy, HKC is highly dependent on international trade 
with total exports and imports of goods and services amounting to over 370% of our GDP in 2017. 
In the same year, our total merchandise im ports and exports amounted to US$590 billion and 
US$550 billion respectively.  While total exports have increased by close to 10% so far in 2018, the 
prospect for trade next year is far from certain. Meanwhile, with high liquidity coverage and capital 
adequacy ratios and a sound regulatory regime, our banking system is robust and our financial 
market has been working smoothly, despite external uncertainties.  
2.6.  HKC continues to be a staunch supporter and practitioner of free trade and open investment. 
Under t he "One Country, Two Systems" principle which is enshrined in our Basic Law, HKC is a free 
port and a separate customs territory. We continue to impose no tariff on the importation of goods, 
and no restrictions on capital flows. We uphold our fine traditio n of offering a level playing field, and 
a business -friendly environment that is underpinned by the rule of law, compliance with international 
regulations, and a simple tax regime. And as pointed out in the Secretariat report, we have not 
taken any anti -dumping, countervailing or safeguard measures. These principles and policies will 
remain the bedrock of HKC's further development.  
Staunch supporter of the multilateral trading system  
2.7.  Similarly, the multilateral trading system embodied in the WTO remains th e cornerstone of 
HKC's trade policy. We firmly believe that a strong and well -functioning multilateral trading system 
provides stability for international trade and drives economic growth.  
2.8.  As a founding Member of the WTO, HKC pitches strongly for upholding  the rule -based 
multilateral trading system and preserving the credibility and effectiveness of the WTO. In addition 
to being the first WTO Member to formally accept the Agreement on Trade Facilitation and implement 
all its relevant provisions upon its ent ry into force, HKC was also amongst the first participants of 
the Information Technology Agreement (ITA II) to complete the modification of the tariff schedule 
before 1 July 2016 to implement in a timely manner the tariff elimination of the 201 products ag reed 
under ITA II. With services contributing to over 92% of our GDP, HKC has also been participating 
actively in the services area, notably discussions on Domestic Regulations.  
2.9.  HKC will continue to work with WTO Members to make further progress on subjects for which 
Ministerial Decisions have been made at previous Ministerial Conferences, as well as to work towards 
eventual multilateral outcomes on issues such as e -commerce, Inve stment Facilitation and MSMEs WT/TPR/W/158  • Hong Kong, China  
 
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  which we consider highly relevant to the WTO and the global economy. In light of the challenges 
facing the multilateral trading system, HKC stands ready to engage constructively in discussions to 
modernize the WTO while uphold ing its core values.  
HKC's free trade agreements  
2.10.   In addition to participating in the WTO, HKC also seeks to push the free trade frontier forward 
through entering into free trade agreements (FTAs) with our trading partners. Strong legal backing 
for us to do  so can be found in the Basic Law which provides that the Hong Kong Special 
Administrative Region may on its own, using the name "Hong Kong, China", maintain and develop 
relations and conclude and implement agreements with foreign states and regions and re levant 
international organizations in the appropriate fields, including economic, trade, financial and 
monetary, etc. And we take it seriously that FTAs should be consistent with WTO rules. Since the 
last TPR, we have signed FTAs with the Macao Special Adm inistrative Region, the Association of 
Southeast Asian Nations (ASEAN) and Georgia. Coupled with the ones with Mainland China, 
New Zealand, the European Free Trade Association (EFTA) and Chile, we have now signed seven 
FTAs. We have enriched the content of  the "Mainland and Hong Kong Closer Economic Partnership 
Arrangement" (CEPA) by signing supplementary agreements on trade in services, investment, and 
economic and technical cooperation. On 15 November, HKC and Australia announced the conclusion 
of our FTA  and Investment Agreement negotiations, and are working to bring these comprehensive 
and high -quality agreements into force as early as practicable. In addition to FTAs, we have signed 
40 double taxation agreements and 20 Investment Protection and Promotio n Agreements with 
trading partners around the globe.  
Sectoral developments  
2.11.   Turning to sectoral developments, in addition to being a regulator, the HKSAR Government 
actively performs its role as a "facilitator" and "promoter" of business and development 
opportunities. Let me give a few examples.  
Customs and trade facilitation  
2.12.   HKC's customs procedures are premised on operational efficiency as well as robust 
enforcement. Since the last Review in 2014, our Customs and Excise Department has entered into 
Mutual  Recognition Arrangements (MRAs) on Authorized Economic Operators (AEOs) programmes 
with several customs administrations including Australia, Japan, Malaysia, New Zealand and 
Thailand. Accredited AEOs from economies with MRAs with us enjoy customs facilita tion in 
Hong Kong, and likewise, those economies provide reciprocal facilitation for Hong Kong AEOs.  
2.13.   HKC is also pressing ahead with the phased implementation of the Trade Single Window for 
one-stop lodging of all the 50 -plus trade documents and submissio ns with Government for trade 
declaration and customs clearance purposes, which will help save time and cost for the trading 
community. Phase 1 is scheduled to be launched in end 2018.  
Intellectual property rights  
2.14.   As an international financial and business  centre, HKC attaches great importance to the 
protection of intellectual property rights (IPR) and adopts a multi -pronged strategy for IP protection, 
comprising a comprehensive legislative framework, rigorous enforcement action, sustained public 
education,  collaboration with stakeholders as well as close international cooperation among law 
enforcement agencies.  
2.15.   Regarding IP law, it is one key milestone for HKC to have amended its patent law in June  2016 
to provide the legal framework required for establishi ng an original grant patent ("OGP") system. 
We aim to launch the OGP system in 2019 the earliest, as part of our effort to promote IP 
commercialisation. On copyright, HKC will amend the law to enhance the copyright exceptions for 
people with print disabili ties along the standards required by the Marrakesh Treaty.  
2.16.   At the same time, HKC spares no efforts in protecting the legitimate interest of IPR owners 
and acting against counterfeit goods through dedicated enforcement actions, risk -based analysis, 
exchange  of intelligence and strategic manpower deployment.  WT/TPR/W/158  • Hong Kong, China  
 
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  Financial services  
2.17.   Turning to financial services which contribute close to one -fifth of our GDP, HKC's financial 
markets are characterized by a high degree of liquidity and operate under effective and transparent 
regulations, which meet international standards. Since April this year, we have launched a new 
listing regime to facilitate the listing of companies from emerging and innovative sectors, including 
innovative companies with weighted voting right s structure and pre -revenue/pre -profit biotech 
companies. We have also put in place a legal framework for a new fund structure in the form of 
open-ended fund company ("OFC") in HKC. In pursuit of sustainable growth and in view of rising 
global demand for g reen financial products, the Government has launched the Green Bond 
Programme to promote HKC as the green finance hub in the region.  
2.18.   On the regulatory front, an Insurance Authority was set up in June 2017 for the independent 
regulation of insurance compani es. A new licensing regime regulating insurance intermediaries is 
expected to commence operation in June 2019. During the review period, we have also amended 
our regulation on anti -money laundering and counter -terrorist financing in order to extend the 
customer due diligence and record -keeping requirement to designated non -financial business and 
professions. Specifically, the Anti -Money Laundering and Counter -Terrorist Financing (Financial 
Institutions) (Amendment) Ordinance 2018 introduces a licensing regi me for trust and company 
service providers, while the Companies (Amendment) Ordinance 2018 requires companies to 
maintain beneficial ownership information. All these will help enhance transparency and thus 
ensuring market integrity.  
Innovation and technolo gy 
2.19.   Finally, an update on the institutional arrangement for the development of innovation and 
technology in Hong Kong. The Innovation and Technology Bureau (ITB) was established in 
November  2015 with the mission of fostering a diversified and knowledge -based economy, thereby 
raising the competitiveness of HKC and improving the quality of life of our citizens. A series of 
initiatives have been launched to promote research and development activities, upgrade our 
technological infrastructure, build a vibrant ec osystem for start -ups, and pool and nurture more 
technology talent. Among others, a Steering Committee on Innovation and Technology chaired by 
the Chief Executive was set up in 2017 to steer, coordinate and take forward innovation and 
technology developmen t and making HKC a forward looking smart city.  
Concluding remarks  
2.20.   With your indulgence, I have briefly outlined the beliefs that underpin our trade and economic 
policies, our major economic policy initiatives, and our efforts on the ground to facilitate tr ade and 
commerce while maintaining system integrity. We fully appreciate that apart from our efforts to 
build a robust institutional framework, enhance our competitiveness and maintain a 
business -friendly environment, a set of transparent and predictable m ultilateral rules for doing 
business is of utmost importance for our and the global economy to thrive. In this regard, the 
multilateral trading system has proven to be crucial to the continued growth and sustainable 
development of Members' economies. Given  the complexity of the global supply chain, trade barriers, 
be they tariffs or non -tariffs, will result in higher cost for business and consumers alike. HKC will 
continue to play an active and constructive role in strengthening the multilateral trading sys tem to 
promote free and open trade and will join efforts to address challenges facing the WTO.  
2.21.   Thank you again for participating in HKC's TPR and for the more than 300 questions that have 
been raised. We have replied to most of them in the time available a nd we look forward to further 
exchanges today. Thank you.  
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  3  STATEMENT BY THE DIS CUSSANT  
3.1.  I wish, first to extend a very warm welcome to H.E Ms Salina YAN, Hong Kong's China's Director 
General for Trade and Industry, Ms. Irene Young, Permanent Representative , and I extend my 
sincerest welcome to the rest of your delegation.   
3.2.  I want to stress before going on how helpful, knowledgeable, skilled and diligent the 
Geneva -based delegation has been in helping prepare for today's exercise. The Mission is well -known 
here for being vocal and constructively engaged. More than having made its presence well felt, the 
delegation is well respected, and HKC can be very proud of its representation, which reflects the 
level of its commitment to the multilateral trading system.  
3.3.  It is a privilege and honour for me to participate today as the discussant in HKC's eighth Trade 
Policy Review. At the previous Review, in 2014, Members felt that the exercise had been fruitful, 
characterized by open and constructive engagement, and provided everyone with a better 
understanding of HKC's trade and trade -related policies, the challenges it faced, as well as its vision 
for trade in the future.  
3.4.  I had thought that perhaps I would start my intervention with a brief review of the major point s 
in the last TPR to help stage the discussion for a proper appreciation of the progress that has been 
made since. But since Ambassador Laourou and yourself have covered that, it means I can pretty 
much cross out half of my statement which I am sure everyb ody will be grateful for and just move 
on to basically the progress since then.  
3.5.  In my opinion there has been very palpable progress in many of the issues that Ambassador 
Laourou mentioned in his review of the last TPR. Keeping in mind the openness of Hong  Kong, 
China's economy and trade regime, Members today presented questions on many of the same issues 
as during the last Review.  
3.6.  The GDP grew at a very slightly lower rate than during the period of the previous review. 
However, the economy continues to be  based on strong fiscal and financial fundamentals. There has 
been a significant budget surplus which has allowed increased investment to address internal 
challenges such as high housing and land prices, income gaps, health care, and persistent issues 
related to an aging population. WTO Members have posed questions regarding these challenges.  
3.7.  Despite these internal challenges, and external challenges such as increased volatility in 
international markets and rising trade protectionism, HKC remains one of the  most open economies 
in the world. Services contributes only slightly less to the economy and the same to employment, 
93% and 88% respectively, than at the time of the previous Review. HKC has since concluded new 
trade agreements with Macao, China, ASEAN, Georgia; and four subsidiary agreements to the CEPA 
with mainland China.  
3.8.  In December 2014, HKC followed up on its promises concerning the Trade Facilitation 
Agreement, to become the first Member to ratify the agreement. It also designated all the TFA 
provisions under Category A, to implement immediately. It has taken steps to further streamline 
exceptionally efficient customs procedures. As examples, HKC has implemented transhipment 
facilitation measures, improved IT in road cargo tracking systems, has beg un implementation of a 
trade single -window, and implemented its authorized economic operator programme. HKC has also 
implemented new measures to facilitate and promote FDI.  
3.9.  All applied tariff rates are zero; however, half the schedule is still unbound. Mem bers have 
presented questions regarding possible expansion of commitments in goods, agriculture as well as 
services. Members have expressed interest once again on excise duty on spirits; as well as the first 
registration tax for electric vehicles (EVs) and  the number of EVs sold under a one -for-one scheme. 
Export controls remain on four types of products, same as in the last TPR, and these also continue 
to interest Members.  
3.10.   Another area of continued interest is the implementation of competition legislation,  especially 
on possible plans to expand coverage of merger provisions.  WT/TPR/W/158  • Hong Kong, China  
 
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  3.11.   HKC has prioritized creative industries and innovation, and would like to further develop as a 
regional IP trading hub. It has invested heavily in meta -data AI systems to detect violati ons, among 
other improvements. However, it's regime is largely unchanged in important ways. Additionally, a 
planned copyright bill which was foreseen at the last Review, failed unfortunately to pass. Members 
have many questions here again regarding this.  
3.12.   On the Multilateral front, besides the quick work on the Trade Facilitation Agreement, HKC 
remains a committed supporter of the multilateral trading system. It has an excellent record for 
notifications. It participates pro -actively and advocates a prompt co nclusion to ongoing negotiations 
in all areas. It is open -minded about the way forward on the post -Bali work programme, and 
participates in very important ways, for example, in joint statement initiatives.  
3.13.   Members have presented many questions for this Rev iew. I think that we all realize that we 
are addressing an economy which is consistently recognized as one of the world's multilateral trading 
system's most open and most business -friendly. It is good to pose questions but it is difficult to 
question the M aster.  
3.14.   Overall, HKC trade regime, its openness and macroeconomic policies have been forces for 
stability and improvement. This is particularly commendable given the current global trade and 
financial environment.  
3.15.   Before I conclude, I would like to thank H KC and all Members for their constructive 
engagement in carrying out thus far this review, and the Secretariat for their usual hard work. 
Ambassador Laourou for your leadership. These exercises are particularly useful by providing a sort 
of guide for actio n on trade and trade -related policies. I would be extremely remiss if I fail to 
acknowledge the role that Irene, Ms. Young, HKC's Permanent Representative, has played as past 
Chair in strengthening this Body, and increasing the usefulness of these reviews.  Thank you all for 
your hard work.  
3.16.   I do not foresee presenting any questions of my own. Members have sufficiently covered 
issues where they may need additional clarifications. Hopefully I have been and may continue to be 
of service throughout this Review i n presenting helpful points for helpfulness and I wish everyone a 
productive and useful Review. Thank you.  
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  4  STATEMENTS BY MEMBER S 
CANADA  
4.1.  Hong Kong China has continued to uphold strong macroeconomic principles which have enabled 
it to be one of the most op en, trade -friendly and consequently, most prosperous economies in the 
world. Strong policies over the course of the review period have allowed Hong Kong China to 
maintain financial stability and sustain economic growth. In this regard, we commend Hong Kong  
China for again maintaining a substantial surplus in public finances over the course of its review 
period, which has also allowed for increased spending on improving infrastructure and social welfare. 
We hope that Hong Kong China will continue with its so und trade and investment policies that have 
allowed it to be one of the leaders in the world for economic freedom, competitiveness, and ease of 
doing business.  
4.2.  We commend Hong Kong China's efforts to continue to enhance its trade and investment policy 
regime over the review period. As the report by the WTO Secretariat notes, Hong Kong China was 
the first member to accept the Trade Facilitation Agreement and designate all provisions under 
Category A for immediate implementation, while also becoming a signato ry to the Agreement on 
Government Procurement (GPA) and the expansion of the Information Technology Agreement. 
Canada is interested in learning more about the particulars of Hong Kong China's implementation of 
the GPA during this TPR review in order to bet ter inform our understanding of Hong Kong China's 
government procurement policy framework.  
4.3.  We recognize Hong Kong China's strong efforts to ensure its goods transparency commitments 
to WTO Members are fulfilled. By doing so, Hong Kong China is supporting t he WTO's monitoring 
function and the ability of other Members to understand the policy actions taken by Hong Kong 
China. Thank you for that work.  
4.4.  We also applaud the continuous and proactive participation of Hong Kong China in the WTO. 
In this regard, we n ote positively that Hong Kong China is taking an active role in the MC11 joint 
initiatives on Investment Facilitation for Development, MSMEs and Electronic Commerce. Hong Kong 
China also appears to be taking steps towards upgrading its intellectual propert y (IP) regime through 
a host of new legislation and statutory amendments. We would welcome information on the status 
of Hong Kong China's implementation of international IP treaties since the last Trade Policy Review 
in 2014, and are also interested in lea rning about Hong Kong China's plans to further enhance its IP 
regime in the future.  
4.5.  Finally, we note that Hong Kong China is actively seeking opportunities to sign free trade 
agreements with its trading partners. Hong Kong China's ambitious agenda includes  the recent entry 
into force of the Hong Kong –Macao Closer Economic Partnership Agreement, the signing of a Free 
Trade Agreement with Association of Southeast Asian Nations and the Republic of Georgia, and the 
recent conclusion of an FTA with Australia. We  believe this further underscores Hong Kong China's 
strong commitment to supporting the free, rules -based trading system – a commitment that Canada 
shares.  
4.6.  Canada and Hong Kong China continue to share a strong bilateral relationship that reflects 
longstan ding political, commercial, and people -to-people ties. This relationship is founded upon our 
common values and interests, including our mutual respect for the rule of law, transparency, and 
openness. This is why many Canadian companies continue to conduct business in Asia through Hong 
Kong China, supported by its business -friendly trade and investment policies, transparent regulatory 
framework, sound legal system, and highly educated workforce.  
4.7.  We look forward to continuing to work with Hong Kong China her e at the WTO and through 
other bilateral and multilateral forums, such as APEC, to advance our common interests in order to 
help to preserve and ensure an effective rules -based trading system.  
4.8.  I wish my Hong Kong China colleagues success during this review . 
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  SINGAPORE  ON BEHALF  OF ASEAN  
4.9.  At the outset, ASEAN is pleased to note the significant progress achieved in dialogue relations 
between ASEAN and Hong Kong, China. We welcome the signing of the ASEAN -Hong Kong, China 
Free Trade Agreement and the ASEAN -Hong Kong, China Investment Agreemen t in 2017, which 
reaffirms our commitment to further strengthen our economic relations. With broader liberalization 
and deeper integration, these two Agreements will create more trade and investment opportunities 
and stimulate economic development in the r egion.  
4.10.   Total merchandise trade between ASEAN and Hong Kong, China in 2017 reached 
USD106.9  billion, increasing by 14.6% from 2016 and positioning Hong Kong, China, as the sixth 
largest trading partner of ASEAN. Total foreign direct investment (FDI) flows from Hong Kong, China 
to ASEAN amounted to USD7.8 billion, or 5.7% of ASEAN's total FDI in the same year.  
4.11.   It is commendable that Hong Kong, China remains one of the world's most open economies 
with a business and investment -friendly environment. Trade pla ys an essential role in Hong Kong, 
China's economy, representing 375% of GDP. Hong Kong, China has maintained transparent and 
free trade policies, and has taken steps to continually improve its regulatory framework and 
infrastructure. We believe that these  efforts will contribute to sustainable and resilient economic 
growth.  
4.12.   ASEAN highly commends Hong Kong, China for its staunch support for the multilateral trading 
system. Hong Kong, China was the first WTO Member to accept the TFA and has upheld an excelle nt 
record of providing notifications to the WTO. Moreover, Hong Kong, China's active participation in 
the Information Technology Agreement and its expansion agreement as well as the E -Commerce 
and MSMEs discussions also deserve recognition.  
4.13.   ASEAN expresses  our appreciation to Hong Kong, China for its written responses to the 
questions submitted by some ASEAN Members. We wish Hong Kong, China a successful trade policy 
review.  
SINGAPORE  
4.14.   Singapore and Hong Kong, China share longstanding and close economic relations. Hong 
Kong, China has consistently been one of Singapore's top economic partners. In 2017, Hong Kong, 
China was Singapore's fifth largest trading partner, with bilateral trade amounting to 69.6 billion 
Singapore dollars, an 8.5% increase year -on-year. Our mutual investment figures are also a 
testament to our strong links. As of end -2016, Singapore's cumulative foreign direct investment 
(FDI) into Hong Kong, China was 52.8 billion Singapore dollars, making Hong Kong, China our third 
largest investm ent destination. Hong Kong, China's cumulative FDI into Singapore also hit 
52.8 billion Singapore dollars as of end -2016. Singapore's key business interests in Hong Kong, 
China span across sectors, including healthcare, financial services, lifestyle servic es, education and 
property. We look forward to further strengthening our economic cooperation.  
4.15.   Hong Kong, China remains one of the world's most open economies and maintains a business 
and investment -friendly regime. It has not rested on its laurels. For ex ample, we note that during 
the period under review, several new initiatives have been implemented that will boost further 
business links between Hong Kong, China and other WTO Members.  
4.16.   In the WTO, the Singapore delegation enjoys excellent working relations  with the Hong Kong, 
China delegation, ably led by Permanent Representative Irene Young. Hong Kong, China's strong 
support for the rules -based multilateral trading system, is evidenced by its consistently active and 
constructive participation in all areas of the WTO's work, including through Permanent  
4.17.   Representative Irene Young's able chairmanship of various WTO Committees over the years, 
such as the Council for Trade -Related Aspects of Intellectual Property Rights, the Trade Policy Review 
Body and the Com mittee on Trade and Environment. Hong Kong, China is exemplary in its excellent 
record of providing notifications to the WTO. Members' timely and complete notifications are crucial 
to the WTO's monitoring function, and contribute to the predictability and transparency of the 
international trading system.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.18.   Singapore and Hong Kong, China share very similar economic outlooks, being small and open 
economies sensitive to global developments. Like all small and open economies, Hong Kong, China 
is susceptible exter nal challenges, such as heightened volatility in international markets and rising 
trade protectionism. We encourage Hong Kong, China to continue to stay the course by resisting 
protectionism and intensifying its efforts to diversify its economy and strengt hen the competitiveness 
of its pillar industries.  
4.19.   We wish Hong Kong, China every success in its eighth Trade Policy Review.  
KINGDOM  OF SAUDI  ARABIA  
4.20.   An important trading center since the Tang dynasty, with an economy growth of 3.8% in 
2017, Hong Kong, Chi na, remains a leading trade center in the world. Hong Kong remains one of 
the most open economies. According to The World Bank in its Doing Business 2018 report, Hong 
Kong is ranked as the fifth easiest place to do business in the world.  
4.21.   Hong Kong, China is to be recognized for having developed and strengthened its economy by 
establishing an open and business -friendly environment, a strong financial system and modern 
infrastructure.  
4.22.   Hong Kong, China, undertook reforms to stimulate the economy and strengthe n policies to 
maintain its financial stability. These reforms together with the rapid growth of services' trade, the 
continued in -flow of foreign direct investment and healthy budget surplus will undoubtedly allow 
Hong Kong, China, to continue to perform s trongly.  
4.23.   Since the last Trade Policy Review, Hong Kong, China, has continued to leverage on the 
advantages under the "One Country, Two Systems" and "The Belt and Road Initiative" which both 
inject new impetus to the country's economy.  
4.24.   The strengthening gl obal demand should be conducive to manufacturing and trading activities 
in Asia, to the benefit of Hong Kong's exports. Further improvement in inbound tourism should also 
render support to Hong Kong's exports of services.  
4.25.   The Kingdom of Saudi Arabia and H ong Kong, China are important trading partners. During 
the period of review, initiatives were taken to develop trade and investment relations between the 
Kingdom of Saudi Arabia and Hong Kong, China. The volume of trade exchange between the 
Kingdom of Saud i Arabia and Hong Kong, China reached USD613 million. The Kingdom of 
Saudi  Arabia primarily exports chemicals and petrochemicals to Hong Kong, China, and imports 
information technology equipment  
4.26.   In closing, I would like to congratulate Hong Kong, China, f or its solid economic performance 
over the review period and its commitment to the reinforcement of the multilateral trading system 
world trade through its active and positive engagement in the WTO.  
4.27.   I wish the delegation of Hong Kong, China a very successf ul Trade Policy Review.  
AUSTRALIA  
4.28.   Australia values its close and productive relationship with Hong Kong, China: multilaterally, 
in the WTO and APEC; and bilaterally.  
4.29.   We commend Hong Kong, China for its longstanding support and contribution to the WTO and 
the multilateral trading system as highlighted in the country report. We share Hong Kong, China's 
objective of an open and stable global economy supported by rules that promote economic growth 
and development, trade liberalization and free markets.  
4.30.   We appreciate Hong Kong, China's record of active participation across the WTO agenda and 
the high standard it sets, including, the important role it played in the expansion of the Information 
Technology Agreement (ITA -2) and the implementation of the Trad e Facilitation Agreement - as the 
first member to accede to the TFA.   WT/TPR/W/158  • Hong Kong, China  
 
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  4.31.   We also recognize Hong Kong, China's strong contribution to the important work undertaken 
in the WTO's regular committees and applaud Hong Kong China's excellent record on the provision  
of timely notifications - setting a good standard for other Members to emulate.  
4.32.   We appreciated Hong Kong China's support for Australia's recent accession to the WTO 
Agreement on Government Procurement, and appreciated Hong Kong, China's constructive appr oach 
and engagement in emerging issues, such as the Joint Statement initiatives on e -commerce, services 
domestic regulation, investment facilitation and MSMEs.  
4.33.   Australia has extensive and enduring interests in Hong Kong, China, built on strong people -to-
people links, common values and interests, and long -standing trade and investment ties. Hong  Kong, 
China's ongoing success and prosperity is important to Australia, to our region and globally. 
Approximately 100,000 Australians reside in Hong Kong, China whi ch is Australia's leading business 
base in north -east Asia and an important economic gateway to mainland China and the region.  
4.34.   In 2017, Hong Kong, China was Australia's twelfth largest trading partner, and our fifth largest 
source of foreign investment. St udents, working holiday makers and tourists flow in both directions. 
Education cooperation, plays an important role in facilitating trade and investment, enhancing 
growth and prosperity, deepening mutual understanding and expanding people -to-people links 
between our economies.  
4.35.   Reflecting our growing bilateral economic links, as Director General Yan highlighted, on 
15 November Australia and Hong Kong, China announced the conclusion of negotiations on the 
Australia -Hong Kong Free Trade Agreement. This marks a  significant milestone in our already 
substantial trade and investment relationship. The FTA is a comprehensive, ambitious agreement 
that will enhance the trade and investment relationship between Australia and Hong Kong, China. It 
will include reciprocal elimination of barriers to trade in goods, commitments on access for services 
suppliers, improved conditions for two -way investment, and rules to address contemporary 
commercial issues, including to enhance the digital economy.  
4.36.   In addition, earlier this ye ar Australia and Hong Kong, China signed an agreement that 
mutually recognises the Hong Kong Authorized Economic Operator Programme and the Australian 
Trusted Traders Programme. This Mutual Recognition Arrangement provides traders who are 
members of the re spective programmes with valuable trade facilitation benefits in both jurisdictions.  
4.37.   During the period of this Review, Hong Kong, China achieved commendable results in 
strengthening its global economic links. In addition to the FTA with Australia, it concl uded FTA 
negotiations with Georgia and with ASEAN's ten Member States. We support Hong Kong, China's 
efforts to more deeply engage with bilateral and plurilateral partners where this complements its 
participation and commitment to the multilateral trading system.  
4.38.   Australia recognises Hong Kong, China's strong services -based economy and relatively open 
services market. But we consider there is more Hong Kong, China could do to liberalize its services 
market, particularly in the professional services sector.  Australia is following closely the Hong Kong 
Law Society's recent proposal to introduce new restrictions on lawyers who qualified outside the city.  
4.39.   Finally, we thank Hong Kong, China for its replies to our written questions and we will review 
them careful ly. 
4.40.   We look forward to continued work with Hong Kong, China to support and strengthen the 
multilateral trading system and our bilateral trade and investment relationship.  
4.41.   We wish Hong Kong, China a very successful Trade Policy Review.  
UNITED  STATES  
4.42.   The Uni ted States commends the Hong Kong Government for its commitment over the years 
to an open and free market economy. We also congratulate Hong Kong on its 24th consecutive first 
place ranking in The Heritage Foundation's 2018 Index of Economic Freedom. Going  forward, we 
remain encouraged by the Hong Kong Government's assertion that its strong rule of law, open and 
market -oriented trade policy, and level playing field for business remain the bedrock of Hong Kong's WT/TPR/W/158  • Hong Kong, China  
 
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  prosperity, and we hope that Hong Kong will co ntinue to pursue these policies, including with respect 
to emerging sectors such as information technology, e -commerce and media. At the same time, we 
are concerned about developments that run counter to the "one country, two systems" principle and 
the imp lications of this trend for Hong Kong's historic role as a center for open and free trade.  
4.43.   The United States has a strong trade and investment relationship with Hong Kong that is of 
great mutual benefit. It is currently our nineteenth largest goods trading  partner, with 
USD47.3  billion in total two -way goods trade during 2017.  Total U.S. goods and services trade with 
Hong Kong totalled USD69 billion in 2017. The stock of U.S. foreign direct investment (FDI) in Hong 
Kong was USD82.2 billion in 2017, a 17.8%  increase from 2016, primarily concentrated in the 
finance/insurance, non -bank holding companies, and wholesale trade sectors. The stock of 
Hong Kong FDI in the United States was USD11 billion in 2016, down 1.7% from the previous year, 
mostly in the manufa cturing, real estate, and wholesale trade sectors.  
4.44.   Nevertheless, there are improvements that Hong Kong could make to its trade and investment 
regime. We recognize that Hong Kong generally maintains an effective IP enforcement capacity, 
which is supported b y a judicial system that supports IPR enforcement efforts through deterrent 
fines and criminal sentences, as well as youth education programs that discourage IPR -infringing 
activities. We have serious concerns, however, regarding digital piracy and IPR -infringing products 
transiting through Hong Kong.  
4.45.   First, Hong Kong's lack of progress in modernizing its copyright legislation allows it to become 
vulnerable to digital piracy. In the absence of an updated copyright system. While we welcome 
increased enforcem ent efforts by Hong Kong in the absence of an updated copyright system, 
legislative changes in Hong Kong are necessary to counter the rapid growth of digital piracy and to 
provide copyright holders legal protections to stop the large -scale, Internet -based reproduction and 
dissemination of their works.  
4.46.   Second, while the Hong Kong Customs and Excise Department routinely seizes IPR -infringing 
products arriving from mainland China and elsewhere, the United States is concerned by reports of 
significant quantitie s of counterfeit pharmaceuticals, luxury goods, and other infringing products 
continuing to transit through Hong Kong to both the local market and markets outside of Hong Kong. 
To address this serious problem, we have recommended that Hong Kong implement " Know Your 
Customer" rules that require freight forwarders to obtain detailed information on the credentials of 
their customers, to focus on the end user and the end use of the product, and to inquire about the 
facts surrounding a transaction if certain red  flags appear.  
4.47.   Separately, we encourage the Hong Kong government to continue to make efforts to follow 
the best practices of administrative transparency in the conduct of its economic policy 
decision -making. In one recent negative example, a sudden and non -transparent decision on tax 
rebate policies, made without significant consultation with industry, resulted in the decimation of 
Hong Kong's emerging market for electric vehicles, even amid worsening local air pollution 
conditions.  
4.48.   In closing, I would like  to emphasize that we continue to highly value our close work with the 
Hong Kong Government, both bilaterally and in the WTO. We congratulate Hong Kong on its recent 
trade policy advances with partners in ASEAN and Australia, and we encourage Hong Kong to be a 
proactive voice in APEC, sharing its wisdom based on the success of its free market approach. We 
thank the delegation of Hong Kong for its willingness to consider these points and offer good wishes 
to the Government of Hong Kong for a successful and p roductive Trade Policy Review.  
CHINA  
4.49.   We are pleased to see that since the seventh Trade Policy Review in 2014, the economy of 
Hong Kong, China grew at an average annual rate of 2.8% with a pick -up in growth to 3.8% in 2017. 
We concur with the Secretariat t hat Hong Kong, China is one of the world's most open economies, 
with exports and imports of goods and services representing 375% of GDP. In addition to its free 
trade, the business and investment -friendly environment of Hong Kong, China is also well recogn ized 
by its transparent regulation regime, simple taxation and low tax rates, well -developed transport 
and telecommunications infrastructure, which has been evaluated by World Bank as the fifth easiest 
place to do business in the world in the Doing Busines s 2018 Report. With those challenges noted in WT/TPR/W/158  • Hong Kong, China  
 
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  the last review, we are pleased to see that the inflation showed its multi -year downward trend, from 
4.4% in 2014 to 1.5% in 2017. But challenges in several other areas still remain, such as income 
disparity an d an ageing population. We encourage Hong Kong, China to continue efforts to address 
them.  
4.50.   Besides, we commend Hong Kong, China's strong support to the multilateral trading system 
and resistance to the unilateralism. We are impressed by its exemplary role  in upholding the WTO 
rules and active participation in all WTO activities, in particular by the fact that it is not only the first 
WTO Member to notify the Trade Facilitation Agreement without any flexibilities, but also the first 
one to accept it. We loo k forward to seeing Hong Kong, China's continued role and contribution to 
the WTO.  
4.51.   With regard to the bilateral front, Hong Kong, China and the mainland of China continue to 
maintain a close relationship in the trade and investment area. During the review period, four 
subsidiary agreements concerning services liberalization in Guangdong, trade in services, 
investment, and economic and technical cooperation were signed under the Mainland and Hong Kong 
Closer Economic Partnership Agreement (CEPA) which provid es a full -fledged institutionalized 
arrangement for the bilateral trade and investment. Hong Kong, China's active participation in the 
Belt and Road Initiative has already resulted in fruitful outcomes. Facilitated by the Ministry of 
Commerce of China, and  Trade and Development Bureau of Hong Kong, China, a number of joint 
business activities were held by the two sides to explore the business opportunities in the Belt and 
Road region. Up to date, more than 50 agreements of intention of investment cooperatio n have been 
reached with Belt and Road countries.  
4.52.   To better understand the latest development in Hong Kong, China's trade policy, we have 
raised some questions regarding polices on testing and certification, and intellectual property. We 
appreciate the rep lies provided by Hong Kong, China and have some further questions to be 
submitted later today.  
4.53.   To conclude, I wish this Review a complete success.  
EUROPEAN  UNION  
4.54.   As the Secretariat's report notes, Hong Kong, China remains one of the most open and liberal 
economies in the world, with some of the highest rankings in world indicators of economic freedom, 
competitiveness, and ease of doing business. Hong Kong, China is an impressive economic 
powerhouse – something I had recently the pleasure to observe persona lly on the spot.  
4.55.   With an average annual growth rate of 2.8% during the review period and of 3.8% in 2017, 
Hong Kong, China's sound economic fundamentals have enabled its economy to take advantage 
from the recovery of the global economy.  
4.56.   Hong Kong, China is a highly outward -oriented economy, with a trade -to-GDP ratio of 375% 
in 2017 and a ranking at the top places in terms of merchandise trade, financial external 
transactions, and stock market capitalization. Trade is vital for Hong Kong, China's economy a nd, as 
such, its economy is strongly influenced by global and regional economic conditions. Rising trade 
protectionism and growing global commercial tensions may thus particularly affect the good health 
of Hong Kong, China's economy.  
4.57.   In this context, the c onclusion of five Free Trade Agreements since the last review (with 
Macao, ASEAN, Georgia, Maldives and Australia, all concluded between 2017 and 2018) is a 
remarkable feat in these testing times of rising trade protectionism and a testimony to Hong Kong, 
China's belief in free trade.  
4.58.   The EU appreciates that, during the years under review, Hong Kong, China has played an 
active role in the WTO, in particular through Ms. Irene Young, our very dynamic fellow Permanent 
Representative. We fully share Hong Kong,  China's objectives to foster progressive global trade 
liberalization and to strengthen the rules of the multilateral trading system. In this respect, the EU 
commends Hong Kong, China for having scheduled all provisions in Section I of the Trade Facilitati on 
Agreement as Category A commitments, and for their timely implementation upon the entry into 
force of the agreement on 22 February 2017.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.59.   The EU would also like to acknowledge the active and positive role that Hong Kong, China 
played in the preparations of the 11th WTO Ministerial Conference as well as Hong Kong, China's 
participation in the Joint Statement initiatives on e -commerce, domestic regulation in services, 
investment facilitation and MSMEs.  
4.60.   Following the failure of the Conference to achieve any  meaningful outcome and given the 
threat on the WTO stemming from the escalation of unilateral measures, the WTO is today facing 
the deepest crisis since its inception and it is in dire need of reform. In this regard, the EU knows 
that it can count on Hong  Kong, China to play an engaged and constructive role, actively contributing 
to on-going efforts deployed to modernize the WTO.  
4.61.   We recall that the lack of nuance in the distinction between developed and developing 
countries is no longer reflecting the econ omic reality of some developing countries and that this has 
been an obstacle to progress of negotiations in the WTO. Given that in practice Hong Kong, China 
has not made any use in recent years of special and differential treatment, we would naturally 
welcome to see Hong Kong, China reconsidering its status of developing Member, or agreeing to 
forsake special and differential treatment in future agreements.   
4.62.   A word on the EU's bilateral relationship with Hong Kong, China. The EU and Hong Kong, 
China are im portant trade and investment partners. The EU continues to be one of Hong Kong, 
China's main trading partners and trade relations have been growing steadily. In 2017, the EU 
maintained its position as Hong Kong, China's second largest trading partner after  Mainland China. 
Hong Kong, China is the EU's 17th largest trading partner for trade in goods. For trade in services, 
Hong Kong, China is EU's most important trading partner in Asia after China, Japan and Singapore.  
4.63.   Hong Kong, China plays a key role as a regional hub for EU companies given its unique position 
and ample experience as service providers and facilitating EU companies' access to the Mainland 
and other major markets in the region. The rule of law in Hong Kong, China, civic liberties and 
freedoms , and a light regulatory environment are key to all of this. This is an environment in which 
European companies feel at home – or at least: comfortably at work. Preserving the unique 
characteristics of Hong Kong, China's system will be key to preserve Hong  Kong, China's 
competitiveness in the future.  
4.64.   Because of the close ties with Hong Kong, China, the EU is watching with interest the 
developments that could affect the business and economic environment in Hong Kong, China as well 
as trade policy between Ho ng Kong, China and Mainland China. We understand that the parties are 
working closely and cooperatively in order to reach a full liberalization of trade in services. 
Hong Kong, China, in its responses, declared that the parties have been taking steps to ac hieve this 
goal progressively and we would welcome additional information in this respect.  
4.65.   Because of the strong engagement of EU companies in Hong Kong, China, the EU welcomes 
the adoption of Hong Kong, China first comprehensive competition law in 2012 a nd encourages 
Hong Kong, China to step up efforts on the enforcement of the law. The EU also encourages an 
extension of the scope of the Ordinance, to comprehensively cover all sectors of the economy, as 
well as all undertakings carrying out economic activ ities.  
4.66.   While the EU understands that some changes in public procurement practices have been 
recently introduced and looks forward to discussing this in detail, the EU expects that all government 
procuring processes are run on an open and non -discriminator y basis in the future, which would 
allow more EU companies the opportunity of contributing to the economy of Hong Kong, China.   
4.67.   With respect to IPR protection, the EU calls on Hong Kong, China to continue the efforts 
deployed thus far to stem traffic of c ounterfeit goods, and reflect on additional measures to address 
the current concerning situation. Finally, the EU is looking forward to the adoption and 
implementation of the new copyright bill, which finally would bring Hong Kong, China's copyright 
regime  in line with the laws in force in developed Members.  
4.68.   In closing, I would like to emphasize that the EU continues to value the close work with Hong 
Kong, China to strengthen and build on the WTO's rules -based foundation.  
4.69.   On behalf of the EU, I wish Hong Kong, China a very productive and successful review.  WT/TPR/W/158  • Hong Kong, China  
 
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  UKRAINE  
4.70.   Ukraine highly appreciates the effective partnership cooperation with Hong Kong, China, 
across the WTO bodies on different trade issues of mutual interest. Also, we would like to underline 
very c onstructive approach of Hong Kong, China, to negotiations on wide range of negotiating 
elements within the WTO agenda, domestic regulation in services, e -commerce, fishery subsidies to 
name a few.  
4.71.   According to the Ukrainian statistics, the trade turnover b etween Ukraine and Hong Kong, 
China, in 2017 amounted to almost USD150 million (timber; sunflower seed oil; meat and meat 
products; flour; engines; pumps; technical equipment etc).  
4.72.   Within this TPR exercise Ukraine has submitted a list of specific questions  and is seeking 
clarification on the following topics:  
• Sanitary and phytosanitary measures;  
• Fisheries;  
• Import controls and requirements to food products;  
• Financial services;  
• Intellectual Property Rights;  
• Investment Promotion and Protection Agreements;  
• Customs and Trade Facilitation;  
• the Innovation and Technology Bureau, the Hong Kong Science Park and Cyberport, etc.  
4.73.   We appreciate the replies provided by Hong Kong, China, to our questions which we are 
reviewing thoroughly.  
4.74.   In conclusion, I would like to express our appreciation to the delegation of Hong Kong, China, 
and especially to the team of the Mission of Hong Kong, China, to the WTO in Geneva for their 
significant work in preparing for this TPR.  
4.75.   Ukraine wishes the delegation of Hong Kong, China, suc cessful Trade Policy Review and looks 
forward to further strengthening of our cooperation.  
GUATEMALA  
4.76.   De acuerdo al informe presentado por la Secretaría podemos observar que la economía de 
Hong Kong, China desde su último examen de política comercial ha log rado mantener un balance 
positivo en las diversas áreas macroeconómicas, lo cual ha logrado con la implementación de 
medidas positivas en pro de su crecimiento económico.  
4.77.   Cabe destacar que Hong Kong, China fue el primer Miembro en aceptar el Acuerdo sobre 
Facilitación del Comercio, en diciembre de 2014, notificando simultáneamente sus disposiciones en 
la Categoría A para poderlo aplicar de manera inmediata.  Es signatario del Acuerdo Plurilateral sobre 
Contratación Pública (ACP) de la OMC revisado y del Acu erdo sobre Tecnología de la Información 
(ATI), incluido su acuerdo de ampliación (ampliación del ATI). Además, tiene una trayectoria 
excelente en materia de presentación de notificaciones a la OMC.  
4.78.   Reconocemos como asertiva y fundamental la estrategia de m antener un sistema de finanzas 
públicas sano, lo cual garantiza una política macroeconómica atractiva para las inversiones locales 
y extranjeras. Su sistema fiscal con principios de inversión a futuro permite que el Gobierno pueda 
realizar planes visionari os con sus ingresos fiscales.  
4.79.   Durante el período objeto de examen, Hong Kong, China ha adoptado medidas para simplificar 
aún más los procedimientos aduaneros y facilitar el comercio, como la mejora de un sistema 
informático de seguimiento de la carga trans portada por carretera; la introducción del Programa de 
Facilitación del Transbordo en el marco de Acuerdos de Libre Comercio (Programa ALC); la aplicación 
plena del Programa de Operadores Económicos Autorizados (OEA) y la celebración de varios 
acuerdos de reconocimiento mutuo de operadores económicos autorizados.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.80.   Con el fin de promover sus exportaciones a nuevos mercados el gobierno de Hong Kong, 
China organiza exposiciones y actividades de formación que permiten a las empresas nacionales 
expandir sus acti vidades comerciales, así como la promoción de su sector manufacturero.  
4.81.   En lo que respecta los sectores de la agricultura y la pesca de Hong Kong, China siguen siendo 
muy pequeños; representaron menos del 0,1% del PIB en 2016, y menos del 0,1% del empleo to tal 
en 2017. En 2017, Hong Kong, China contaba con aproximadamente 2.400 explotaciones agrícolas 
que abarcaban cerca de 710 hectáreas de tierras agrícolas y daban empleo a unas 4.100 personas. 
Los principales productos agrícolas son las hortalizas de hoja y las flores cortadas de alto valor. Los 
objetivos fundamentales de la política agrícola de Hong Kong, China no han cambiado desde examen 
anterior, puesto que siguen siendo el poder proporcionar a los agricultores infraestructura básica, 
servicios de divul gación y asesoramiento en cultivos, así como la posibilidad de servicios de crédito.  
4.82.   En al área de propiedad intelectual Hong Kong, China mantiene una serie de programas de 
incentivos para proyectos de innovación y desarrollo, los cuales son gestionados pr incipalmente por 
la Comisión de Innovación y Tecnología, con los cuales busca darle un impulso a las industrias 
creativas como parte de los elementos de su crecimiento económico.   
4.83.   Una de sus principales preocupaciones es el mantenimiento de un régimen de protección a 
los derechos de propiedad intelectual actualizada, acorde a las necesidades y retos que establecen 
los cambios en esta materia. Asimismo, implementan medidas coordinadas con los diversos sectores 
pertinentes, para el fortalecimiento de la obse rvancia de este tipo de derechos.  
4.84.   Para concluir, queremos agradecer las respuestas remitidas a las preguntas que planteamos, 
las cuales remitiremos a nuestra capital para su análisis y comentarios, asimismo deseamos a la 
delegación de Hong Kong, China que hoy los representa, una conclusión de este 8° Examen de su 
Política Comercial . 
JAPAN  
4.85.   During the review period since 2014, Hong Kong, China has maintained its stable economic 
growth, which is mainly attributed to an increase in domestic demand and exports. It marked an 
annual growth rate of 2.8% between 2014 and 2017. An increase in domestic demand should be 
complemented mostly by an increase in imports supported by zero tariff rates even though there 
are some excise duties applied. Consequently, both import s and exports have shown meaningful 
increases during this review period. As a result, Hong Kong, China's total amounts of imports and 
exports corresponded to 375% of GDP in 2017. This means that Hong Kong, China is one of the 
global champions of the open, transparent and free trade system. To this effect, we truly appreciate 
Hong Kong, China's firm commitment to a free, open and stable multilateral trading system.  
4.86.   We also appreciate Hong Kong, China's dedicated efforts to liberalize its services sector. As  a 
result of these efforts, its service sector continues to be the mainstay of the economy as it accounted 
for 92% of GDP and 88% of total employment in 2016. The financial services industry in particular 
is crucially important. By developing competitive a nd innovative financial markets, Hong Kong, China 
has established its position as a global financial centre.  
4.87.   Additionally, we found that Hong Kong, China's telecommunications services industry has 
achieved remarkable growth during this review period. As we  are now in the digital age, electronic 
commerce has come to play an important role in the international trade regimes. In this regard, we 
would like to underscore the importance of development of the telecommunications services industry 
through effective competition and innovation, as it formulates a basic foundation and infrastructure 
for facilitating electronic commerce.  
4.88.   From these facts we can conclude that Hong Kong, China has managed to put in place strong 
fiscal and financial fundamentals. In additio n, Hong Kong, China has put the fundamentals firmly in 
place through pegging its exchange rate to the US dollar. We truly appreciate such policy efforts.  
4.89.   Looking into Hong Kong, China's trade policy, we would like to underscore its commitments 
to the varie ty of activities in the WTO. Hong Kong, China was the first member to accept the TFA in 
December 2014 and it also designated all its provisions under Category A for immediate 
implementation. In this regard, we encourage Hong Kong, China's efforts to establ ish a full -fledged WT/TPR/W/158  • Hong Kong, China  
 
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  Trade Single Window system. Also, Hong Kong, China is a signatory to the GPA and the ITA. 
Additionally, we truly appreciate Hong Kong, China's excellent record of providing notification to the 
WTO. We believe that such efforts in the are a of notification will definitely contribute to maintaining 
the predictability and transparency of Hong Kong, China's market. Furthermore, we welcome Hong 
Kong, China's active engagement in the Joint Statement Initiatives on domestic regulation, electronic  
commerce, investment facilitation and MSMEs following MC11 in Buenos Aires in December 2017.  
4.90.   Besides its efforts in the WTO, Hong Kong, China has been actively engaged in enhancing its 
FTA partners. Among those, we understand that Hong Kong, China highly  evaluates TiSA and is 
ready to advance progress with TiSA participants once negotiation resumes. We truly appreciate 
such willingness on the part of Hong Kong, China to further liberalize its service sector, as it still has 
some room to open up certain ma rket spaces such as in the area of legal services, for example.  
4.91.   In conclusion, we are sure that by observing its commitments to the WTO as well as the 
multilateral trading system, Hong Kong, China will be able to maintain its position as a global 
champion of the open, transparent and free trade system. We wish Hong Kong, China a successful 
and productive TPR.  
THAILAND  
4.92.   Thailand would like to associate ourselves with ASEAN's statement delivered by Singapore.  
4.93.   Thailand and Hong Kong, China have maintained the close and vibrant economic relations, 
underpinned by strong trade and investment flows. We are pleased to highlight that our bilateral 
trade in 2017 stood at USD15.2 billion, expanding by 17% from 2016, ranking Hong Kong, China as 
the eighth largest tradin g partner of Thailand. With respect to investment, Hong Kong, China was 
the seventh largest external source of foreign direct investment of Thailand with FDI flows of 
USD270  million in 2017.  
4.94.   As a member of ASEAN, Thailand welcomes the signing of the ASEAN -Hong Kong, China Free 
Trade Agreement and the ASEAN -Hong Kong, China Investment Agreement in 2017. We are 
confident that ASEAN and Hong Kong, China will continue to strengthen our economic relations 
towards shared prosperity and inclusive growth.  
4.95.   During the review period, Hong Kong, China continued to be one of the world's most open 
economies characterized by free trade, free flow of information, transparent regulatory regimes, 
robust legal system, simple taxation and low tax rates, modern customs pro cedures, and well -
developed transport and telecommunications infrastructure.  
4.96.   Thailand would like to extend particular appreciation to Hong Kong, China for playing an active 
role in the WTO and shares with Hong Kong, China the objectives to foster progressi ve global trade 
liberalization and to strengthen the rules of the multilateral trading system. Thailand appreciates 
that Hong Kong, China has constructively engaged in various WTO negotiations and discussions, 
including the Trade Facilitation Agreement, th e Information Technology Expansion Agreement, 
E-Commerce and MSMEs. Moreover, it is highly commendable that Hong Kong, China was the first 
WTO Member to accept the Trade Facilitation Agreement in 2014, and it has maintained an excellent 
record on transpare ncy. 
4.97.   In this review, Thailand submitted a set of questions, covering the policies and measures of 
our interests such as financial services, a development blueprint for Hong Kong, China's tourism 
industry, and intellectual property dispute resolution. Thail and thanks Hong Kong, China in advance 
for written responses.  
4.98.   Let me conclude by expressing our appreciation to the delegation of Hong Kong, China for the 
cooperation in every level, and we wish Hong Kong, China a very successful Trade Policy Review.  
NEW  ZEALAND  
4.99.   The reports from Hong Kong, China and the Secretariat provide a comprehensive outline of 
Hong Kong, China's trade policy.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.100.   Hong Kong, China is one of the world's most prominent international trade and financial 
hubs, and one of the most market -orient ed and open economies in the world.  
4.101.   Bilaterally, the strong trade links between our two economies are underpinned by the 
New Zealand -Hong Kong, China Closer Economic Partnership (CEP), which came into force in 
January 2011. The CEP is a comprehensive and high-quality agreement that supports what was 
already an open and sophisticated trading relationship, by guaranteeing duty -free access for 
New Zealand goods into Hong Kong, China and a high -quality services outcome. Importantly, the 
agreement complements N ew Zealand's Free Trade Agreement with China.  
4.102.   Under the CEP's Education Cooperation Agreement, exchanges have taken place between 
New Zealand and Hong Kong, China to develop greater understanding of, and confidence in, each 
other's quality assurance and qu alifications recognition processes.  
4.103.   In addition, New Zealand and Hong Kong, China have developed our taxation and customs 
cooperation in order to better enhance trade facilitation and encourage mutual economic growth. 
Our Double Taxation Agreement provide s greater certainty in the taxation of cross -border 
investment income, reduces compliance costs for investors in each other's jurisdiction, and sets 
limits for withholding taxes on dividends, interest and royalties. Our Customs Mutual Recognition 
Arrangeme nt streamlines our customs procedures and tightens assurances around risk management 
so legitimate trade can flow more smoothly. Members of New Zealand's Secure Export Scheme 
benefit through faster clearance of their goods through Hong Kong, China's custom s processes.  
4.104.   In this review, we have sought clarification in our written questions about several areas and 
will study the responses carefully. New Zealand commends Hong Kong, China's support for climate 
change and environment issues and monitoring of mutu al agreements with electricity companies.  
We have asked about Hong Kong, China's intentions to encourage the uptake of renewable energy 
and for an update on the progress of the green bond insurance programme. Noting that New Zealand 
welcomes Hong Kong, Ch ina's initiative to implement a Trade Single Window for trade declaration 
and customs clearance purposes, we have also asked about the timeframe for expected completion 
and recent developments.  
4.105.   New Zealand congratulates Hong Kong, China for its constructi ve engagement across the 
range of WTO initiatives, which we value.  
4.106.   We have worked closely together, including in initiatives such as the Environmental Goods 
negotiations and the Information Technology Agreements. We have also particularly appreciated 
Hong Kong's contribution to the services negotiating agenda, and welcome its leadership in areas 
such as domestic regulation. We look forward to continuing our close collaboration with Hong Kong, 
China in Geneva as active and constructive partners across the WT O's work.  
4.107.   In conclusion, we wish Hong Kong, China a successful Trade Policy Review.  
THE SEPARATE  CUSTOMS  TERRITORY  OF TAIWAN,  PENGHU,  KINMEN  AND  MATSU  
4.108.   The Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu commends that 
Hong Kong, China has con tinued its strong economic performance in recent years and has been one 
of the world's most market -friendly and open economies since last review in 2014.  
4.109.   As the Secretariat's report shows that Hong Kong, China is a highly externally -oriented 
economy, with  an impressive trade -to-GDP ratio of 375% and ranking at the top places in terms of 
merchandise trade, financial external transactions, and stock market capitalization.  
4.110.   It is clear how trade is vital for Hong Kong, China's economy and how, as such, its eco nomy 
is strongly influenced by the global and regional economic conditions. We commend that Hong Kong 
China continued to be steadfastly committed to the multilateral trading system.  
4.111.   We would also like to acknowledge the active and positive role that Hong K ong China plays 
in services related negotiations, such as domestic regulation, e -commerce initiatives in the WTO and 
beyond, reflecting the importance of the services sector in Hong Kong, China's economy.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.112.   We have posed a number of questions that we look fo rward to hearing Hong Kong China's 
responses to.  
4.113.   On the bilateral front, Hong Kong, China is an important economic partner for us. Our 
bilateral trade is significant, and growth trends are positive. I am pleased to say that our trade has 
actually expanded  over the period under review.  
4.114.   The amount of two -way trade registered between Hong Kong China and the Separate 
Customs Territory of Taiwan, Penghu, Kinmen and Matsu in 2017 was USD42 billion, making us the 
fourth largest trading partner of Hong Kong China . It is also one of our major investment 
destinations, evidenced by the intense amount of air traffic back and forth every day and some two 
million of our people visiting Hong Kong, China each year.  
4.115.   To conclude, we appreciate the opportunity to participate  in this review of Hong Kong, 
China's trade policy. We strongly encourage Hong Kong, China to hold firm to its commitment as 
being one of the world's most market -friendly and open economies.  
CHILE  
4.116.   En el marco de este examen, Chile ha formulado 5 preguntas por lo que quisiera anticipar 
nuestro agradecimiento a las respuestas que esperamos recibir. Ellas serán analizadas por nuestros 
equipos en Santiago, con miras a reforzar la buena relación económica existente entre nuestras 
naciones.  
4.117.   Queremos felicitar a H ong Kong, China por el excelente desempeño económico que ha 
logrado durante el período de revisión. En efecto, el crecimiento sostenido de su economía, 
combinada con su estabilidad monetaria y financiera, han permitido controlar la inflación generando 
un mayor gasto público en infraestructura y beneficios sociales.  
4.118.   En este sentido, Hong Kong, China demuestra de manera real como la apertura comercial y 
el libre comercio pueden ir en beneficio de la sociedad en su conjunto generando un mayor nivel de 
bienesta r. 
4.119.   Chile valora que Hong Kong, China sea una de las economías más abiertas y competitivas 
del mundo. Admiramos que se haya transformado en una potencia en el comercio de servicios, 
especialmente financieros, aéreos y marítimos.  
4.120.   Por su parte, consideramos de gran relevancia el que Hong Kong, China haya centrado su 
economía en otorgar facilidades para el establecimiento de empresas y movilidad de capitales en su 
territorio, permitiendo con ello oportunidades para que las empresas la utilicen como plataforma de 
negocios e inversiones en la zona sur de China.  
4.121.   La relación entre Chile y Hong Kong. China se remonta al año 2010 con la suscripción de un 
acuerdo de exención de doble tributación a empresas navieras y una iniciativa conjunta para la 
promoción de vinos.  Posteriormente en el año 2012, se firmó el tratado de Libre Comercio, el cual 
entró en vigor en el año 2014. En dicho acuerdo se abordaron de manera comprensivas todas las 
áreas del comercio internacional, incluyendo acceso a mercados, procedimientos adua neros, y 
medidas sanitarias y fitosanitarias, entre otras.  
4.122.   El último hito de nuestra comercial con Hong Kong, China fue la suscripción en el año 2016, 
de un "Acuerdo Suplementario sobre Inversiones", el cual fue firmado en el marco de la Cumbre de 
Líderes APEC realizada en Lima.  
4.123.   Dicho acuerdo contiene, entre otras, normas sustantivas para evitar la discriminación a 
inversionistas extranjeros, asegura al inversionista un nivel mínimo de trato, conforme al derecho 
consuetudinario internacional, y garantías re lativas a la expropiación, libre transferencia relacionada 
a la inversión y altos estándares de transparencia e incluye disposiciones sobre objetivos comunes 
en medio ambiente, salud y otros objetivos regulatorios, promoviendo asimismo la incorporación en 
las empresas de estándares de responsabilidad social corporativa.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.124.   Nuestro país mira con interés que cerca de 6.600 empresas extranjeras y de China tengan 
su sede en Hong Kong, esto implica que diversas empresas chilenas pueden beneficiarse de la 
experienci a y el conocimiento de Hong Kong como centro de negocios. Asimismo, reconocemos en 
Hong Kong, China un mercado de primer orden para nuestras exportaciones de frutas, vinos, carnes, 
productos del mar, así como otros productos con una mayor sofisticación y e xigencia. Podemos 
señalar que, durante el año 2017, el intercambio comercial entre ambos países alcanzó más de 
200 millones de dólares, aumentando en un 14% respecto al año 2016, representando un 0.15 0/0 
del comercio exterior chileno. Asimismo, el saldo d e la balanza comercial con Chile ha disminuido de 
39 dólares EE.UU. a 18 millones de dólares EE.UU. en el mismo periodo en comparación al año 
anterior.  
4.125.   Finalmente, reiteramos nuestras felicitaciones a Hong Kong, China y los instamos a continuar 
con su polí tica comercial abierta, diversificar sus destinos de exportación entre más socios 
comerciales y evaluar la consolidación del resto de su arancel aduanero.  
4.126.   Nuestro país desea mucho éxito a Hong Kong, China en su octava revisión de su política 
comercial.  
RUSSIAN  FEDERATION  
4.127.   We fully support this important mechanism for exchanging views with regards to trade policy 
regimes of WTO Members.  
4.128.   The continuous growth of the Hong Kong's economy with an average annual rate of 2.8% 
indicates the effectiveness of economic  policies undertaken by the Hong Kong's authorities with its 
strong fiscal and financial fundamentals and liberal trade regime.  
4.129.   The Russian Federation and Hong Kong, China have broad growing cooperation in trade and 
investment. In 2017, the amount of our b ilateral merchandise trade reached USD925,6 million, that 
is 7% higher than in 2016. We believe that Russia and Hong Kong, China have a significant potential 
to further increase in bilateral trade and investment cooperation.  
4.130.   The Russian Federation apprecia tes Hong Kong's active involvement in a wide range of 
activities at the WTO at all levels and, in particular, in the discussion on important topics such as 
domestic regulation on trade in services, e -commerce, investment facilitation and micro, small and 
medium -sized Enterprises (MSMEs). We commend the position of Hong Kong, China to strengthen 
the rules of the multilateral trading system with WTO at this center.  
4.131.   Prior to this review, the Russian Federation has submitted a number of advance written 
questio ns to Hong Kong, China. We thank our partners for the provided answers and are now 
carefully studying them.  
4.132.   To conclude, the Russian Federation appreciates the opportunity to participate in this review. 
We would like to thank the delegation of Hong Kong, t he Secretariat and the Discussant, 
H.E. Ambassador Alfredo Suescum, for their hard work done so far and wish this member a 
successful Trade Policy Review.  
MÉXICO  
4.133.   Quisiera iniciar esta intervención diciendo que éste es uno de los exámenes de política 
comerc ial más difíciles de evaluar, en virtud del ejemplar desempeño y comportamiento económico 
y comercial de Hong Kong.  
4.134.   Como ya se ha mencionado, la economía de Hong Kong ha crecido a una tasa promedio de 
2,8%, impulsado por la demanda interna y exportaciones destinadas principalmente a la República 
Popular de China. Hong Kong sigue siendo una de las economías abiertas del mundo, con tipos 
arancelarios aplicados nulos. También tiene un régimen de inversiones abierto y favorable a los 
inversionistas.  
4.135.   Hong Kong cuenta con un sistema fiscal y financiero eficiente, lo que se ha traducido en un 
superávit fiscal que le permite ampliar los gastos en infraestructura y bienestar social. El sector WT/TPR/W/158  • Hong Kong, China  
 
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  financiero es uno de los más eficientes del mundo y mantiene grandes reser vas de capital y liquidez 
dentro de un marco de supervisión y reglamentación riguroso.  
4.136.   Como mencioné anteriormente Hong Kong, tiene un comportamiento ejemplar en esta 
organización. Fue el primer miembro en aceptar en el Acuerdo de Facilitación de Comercio,  participa 
en los acuerdos plurilaterales de Compras Públicas y el de Tecnologías de la Información. Asimismo, 
participa de manera activa y muy constructiva en todas las Iniciativas Conjuntas de Comercio 
Electrónico, Facilitación de la Inversión, Reglament ación Nacional, Pequeñas y Medianas Empresas.  
4.137.   Respecto a la transparencia, tal y como lo señala el informe de la Secretaría, Hong Kong es 
un miembro ejemplar en el cumplimiento de este tipo de obligaciones. Además, durante el periodo 
del examen, Hong Kong no participó en ningún caso de solución de diferencias, ni como reclamante 
ni demandado, tampoco en calidad de tercero.  
4.138.   Hong Kong, China ha realizado avances importantes para simplificar los procedimientos 
aduaneros y para consolidarse como un centro de t ránsito en la región, fortaleciendo del Programa 
de Operadores Económicos Autorizados y celebración de varios acuerdos de reconocimiento mutuo. 
Otro ejemplo de estos esfuerzos será el establecimiento de una Ventanilla Única que permitirá la 
presentación el ectrónica de 50 documentos exigidos en la exportación e importación de mercancías, 
cuya primera fase entró en vigor en este año y que será plenamente implementada en 2023.  
4.139.   Por otro lado, Hong Kong también realizó avances en materia de política de competenc ia. La 
Orden de Competencia que entró en vigor en 2015 regula las prácticas anticompetitivas, sin 
embargo, la autorización de fusiones sólo se aplica al sector telecomunicaciones dejando fuera de 
esta regulación al resto de los sectores económicos. Respect o al régimen de propiedad intelectual, 
fue modificada la Orden sobre Patentes y también se han tomado acciones en el entorno digital para 
evitar actividades que violen los Derechos de Propiedad Intelectual.  
4.140.   El sector servicios es el más importante de la ec onomía de Hong Kong, representa el 92% 
del PIB y el 88% del empleo total. En este sector, destacan las reformas en materia de adjudicación 
de espectro para los servicios móviles y la revisión de las condiciones de las licencias de los 
operadores de telecom unicaciones, así como la firma de acuerdos de libre comercio con compromisos 
en esta materia.  
4.141.   Como en muchos países en desarrollo, la disparidad de ingresos en Hong Kong también 
sigue siendo uno de los temas pendientes, el coeficiente de Gini fue de 0.539 para hombres y 0.473 
para mujeres en 2016. No obstante, reconocemos que Hong Kong sigue siendo un país puntero 
respecto al bienestar social. En 2017, ocupó el 7 lugar en el Índice de Desarrollo Humano de 
elaborado por PNUD.  
4.142.   Por último, la volatilidad de lo s mercados y sobre todo el aumento del proteccionismo son 
los desafíos más apremiantes para todos los Miembros de esta Organización. Sin embargo, 
considerando la situación geográfica de Hong Kong y la fuerte dependencia de sus exportaciones a 
la República Popular de China, el reto podría ser aún mayor. No dudamos que ya se estén tomando 
las acciones de política necesarias para enfrentar un posible escenario adverso de la economía 
mundial.  
4.143.   Por último, agradecemos las respuestas a las preguntas enviadas por m i delegación y 
deseamos a Hong Kong una conclusión exitosa de su octavo examen de políticas comerciales.  
PHILIPPINES  
4.144.   The Philippines associates itself with the ASEAN Statement delivered by Singapore, which 
recognizes the robust economic relations between the ASEAN member states and Hong Kong, China.  
4.145.   Hong Kong, China was the Philippines' 5th major trading partner and 11t h largest source of 
in-vestments in 2017. Total bilateral trade between our two economies reached USD11.74 billion in 
2017, with digital monolithic integrated circuits and materials for the manufacture of electrical and 
electronic machinery as our top trad ed commodities. Philippine exports to Hong Kong, China grew 
by 36.38%, from USD6.62 billion in 2016 to USD9.02 billion in 2017. Our imports from Hong Kong, 
China also rose by 8.97% from USD2.49 billion in 2016 to USD2.72 billion in 2017.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.146.   Hong Kong, China is one of the world's most open and competitive economies, with a trade 
to GDP ratio of 375%. It has consistently ranked first in the Heritage Foundation's Index of Economic 
Freedom and the Fraser Institute's Annual Report on Economic Freedom of the World,  and placed 
5th in the World Bank's 2018 Doing Business Report.  
4.147.   As a globally integrated and open economy, Hong Kong has an economic outlook that is 
closely tied to global economic conditions. With an average annual growth rate of 2.8% from 
2014-2017, Hong  Kong, China's strong fiscal and financial fundamentals helped it weather some 
external and domestic challenges, such as heightened volatility in international markets, rising trade 
protectionism, persistently high housing prices, income disparities, and t he need to pre -serve fiscal 
sustainability in the face of an ageing population.  
4.148.   The foundations of Hong Kong, China's economic prosperity lie in its institutions and policies 
that include the rule of law, a free and open market, a simple tax regime, and a level playing field 
for business. Further, under the "One Country, Two Systems" policy and through its participation in 
multilateral, regional, plurilateral and bilateral trade agreements, Hong Kong, China has secured, 
maintained, and improved the access o f its goods and services to foreign markets.  
4.149.   As a founding Member of the WTO and a staunch supporter of the multilateral trading 
system, Hong Kong, China was the first Member to ratify the Trade Facilitation Agreement, and 
designated all its provisions un der Category A for immediate implementation, demonstrating its 
commitment to open trade. Hong Kong, China is a signatory to the Government Procurement 
Agreement, the Information Technology Agreement as well as its expansion, and engages actively 
in the dis cussions of the Joint Statement initiatives on domestic regulation on trade in services, 
electronic commerce, investment facilitation for development, and micro, small and medium 
enterprises (MSMEs).   
4.150.   As highlighted in its Government report, Hong Kong, Ch ina remains open to pursue 
plurilateral initiatives with other interested WTO Members, provided that these initiatives are 
consistent with WTO rules and can contribute to multilateral trade liberalization. It has actively 
negotiated bilateral and plurilate ral free trade agreements (FTAs) with its key and potential trading 
partners, including the recently concluded ASEAN -Hong Kong China Free Trade Agreement (AHKC 
FTA), which was signed on 12 November 2017 in the Philippines. An Investment Agreement with 
Hong Kong, China was also forged alongside the FTA, which seeks to reduce restrictions in doing 
business, enhance trade and investment flows, foster closer trade and economic relations, and 
contribute to regional economic integration. The Philippines looks for ward to the entry into force of 
the FTA and the Investment Agreement on 1 January 2019 at the earliest, subject to completion of 
the required procedures by the relevant parties.  
4.151.   The Philippines and Hong Kong, China are also both members of the Asia -Pacific Economic 
Cooperation (APEC) forum. According to the WTO Secretariat report, APEC economies comprise 
86.8% of Hong Kong, China's merchandise imports, while 78.9% of Hong Kong, China's domestic 
merchandise exports went to APEC economies. As APEC members, t he Philippines and Hong Kong, 
China have consistently reaffirmed the support for the rules -based multilateral trading system, and 
the commitment to resisting all forms of protectionism.  
4.152.   The Philippines has submitted a number of advance written questions on  the Hong Kong, 
China trade policy review reports, and we are grateful for their timely written responses which we 
have sent to our capital for consideration.  
4.153.   In closing, the Philippines looks forward to further enhancing the mutually beneficial 
economic relations between our two economies through bilateral, regional, and multilateral fora.  
REPUBLIC  OF KOREA  
4.154.   Korea and Hong Kong, China have developed a strong and stable economic relationship. The 
volume of bilateral trade reached a record level of USD41 bil lion in 2017, which is 41.3% increase 
since Hong Kong, China's previous review in 2014. Hong Kong, China is Korea's fourth -largest export 
market in the world.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.155.   The cumulative amount of investment between Korea and Hong Kong, China has 
substantially increase d as well. Korea's total stock of investment in Hong Kong, China reached 
USD3.51 billion in 2017. Hong Kong, China's cumulative amount of investment in Korea reached 
USD1.25 billion.  
4.156.   From a trade policy perspective, as the Secretariat's report noted, Hong  Kong, China remains 
one of the most open economies in the world and maintains open trade regime. All applied tariff 
rates are zero.  
4.157.   As the Secretariat also noted, we appreciate that Hong Kong, China has strongly supported 
the multilateral trading system.  Hong Kong, China formally accepted the Trade Facilitation 
Agreement (TFA) in December 2014, and have participated in plurilateral agreements such as the 
expansion of the ITA and the revised GPA. In addition, Hong Kong, China has an excellent record of 
submitting notifications on a broad range of subjects, showing its commitment to implementing the 
WTO Agreements as the Secretariat's report provided. We should take note as well that Hong Kong, 
China has introduced several changes to its government procureme nt regime in order to bring the 
related regulations in line with the revised GPA.  
4.158.   As the Secretariat's report points out, Hong Kong, China is one of the largest destinations 
and sources of direct investment in the world and the cumulative amount of invest ment between 
Korea and Hong Kong, China has steadily increased. Yet, the bilateral investment treaty between 
the two economies concluded two decades ago has not been properly updated. Korea has proposed 
to Hong Kong, China to revise the treaty to modernize  and improve the provisions of the BIT, 
including the addition of denial of benefit provision, which prevents sham companies from accessing 
the investment protection provided by the BIT including the ISD. Korea expects Hong Kong, China's 
positive response to the proposal to revise the BIT so the two economies could properly update the 
investment regime in order to not only provide proper safeguard to the governments but also restrict 
the scope of benefit under the protection to the parties to whom we aimed to give the protection 
and benefits at the time of the negotiations.  
4.159.   My delegation has submitted, albeit somewhat late, our written questions on several points 
regarding the trade policies of Hong Kong, China including concern in relations to the implement ation 
of the voluntary FTA scheme to facilitate certain qualified cargo transhipped through Hong Kong, 
China to enjoy preferential tariff treatment under FTAs signed by Mainland China with other 
economies.  
4.160.   We look forward to receiving answers in due course .  
4.161.   Korea hopes to continuously develop our economic relationship with Hong Kong, China going 
forward. In addition, we expect Hong Kong, China to continue to contribute towards strengthening 
the multilateral trading system.  
4.162.   With this, we would like to expr ess our deep appreciation to the delegation of Hong Kong, 
China for their hard work and wish them every success in this TPR.  
MALAYSIA  
4.163.   Malaysia associates herself with the ASEAN Statement delivered by Singapore.  
4.164.   Malaysia commends Hong Kong, China's strong macroeconomic fundamentals and good 
performance despite the external and domestic challenges as well as escalation of trade 
protectionism. We note from the Secretariat report, Hong Kong, China's remains one of the most 
open economies in the world, with a t rade/GDP ratio of 375% while at the same time experiencing 
average annual GDP growth rate of 2.8%.  
4.165.   At the multilateral front, we also congratulate Hong Kong, China's for its continuous 
commitment at the multilateral front. Malaysia commends Hong Kong's tim ely notifications as well 
as in its many progressive trade and investment policies under the WTO such as the Trade Facilitation 
Agreement (TFA) which designated all its provisions under Category A for immediate 
implementation, signatory of the revised WTO plurilateral Agreement on Government Procurement 
(GPA), and the Information Technology Agreement (ITA), including its expansion agreement (ITA WT/TPR/W/158  • Hong Kong, China  
 
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  Expansion). We also welcome the active engagement by Hong King China in the various initiatives 
such as e -Commerc e and MSMEs.  
4.166.   Hong Kong, China in 2017 was Malaysia's 9th largest trading partner globally. Malaysia's 
total trade with Hong Kong increased by 22.7% to USD14.42 billion. For the period January -August 
2018, Malaysia's total trade with Hong Kong increased by  56.9% to reach USD14.64 billion compared 
with the corresponding period of 2017. Total exports increased by 73.0% to USD12.10 billion.  
4.167.   In terms of investments, Hong Kong was the 6th largest investor in terms of approved 
manufacturing projects during 2017.  In recent years, bilateral trade and investment between 
Malaysia and Hong Kong, China's also grew closer under the auspices of ASEAN –Hong Kong, China's 
Free Trade and Investments Agreement.  
4.168.   While we welcome the various updates of trade policies by Hong K ong China, Malaysia seeks 
further information in the some of her investment policies, as well as the services sector. We also 
wish to seek further clarification on the import and export licensing regime of HKC.  
4.169.   We take this opportunity to thank the Hong K ong, China's in advance for her response to 
Malaysia's questions. We also wish to congratulate Ms. Irene Young and her team here in Geneva 
for their active and constructive engagement with Members.  
4.170.   We wish Hong Kong, China a productive and successful eighth Trade Policy Review.  
TURKEY  
4.171.   Hong Kong, China, is an exceptional economy in many aspects. It is one of the most liberal 
economies in the world, without imposing neither any tariff on trade in goods nor any restriction on 
investments in terms of marke t access. With its liberal and strong economic regulatory framework, 
Hong Kong, China also ranks in high levels in Doing Business, Competitiveness and Logistics 
Performance Indexes.  
4.172.   Hong Kong, China, the seventh largest merchandize trading economy in the w orld, is also 
one of the main gates connecting the Mainland China to the world market.  
4.173.   As an international financial centre, with diversified financing channels, Hong Kong, China, 
is a financial and logistics hub in its region. With this economic character , the services sector 
accounts for more than 90 per cent of the GDP and almost 90% of the employment. Agriculture and 
manufacturing have further contracted during the review period, while services and construction 
have continued their growth.  
4.174.   We observe th ere are some important policy developments in Hong Kong, China, during the 
review period. First of all, through the Closer Economic Partnership Agreements and Belt and Road 
Initiative, the economy of Hong Kong, China has become more integrated with Mainlan d China and 
Macao, China which can strengthen its role as a regional economic hub in coming years.  
4.175.   Secondly, Hong Kong, China, along with Turkey and others, has become a member of the 
Asian Infrastructure Investment Bank (AIIB), which also can be another venue to fuel Hong Kong, 
China to serve as investment and financing platform and capture the opportunities arising from the 
projects of the Bank.  
4.176.   Thirdly, recent FTAs, especially the FTA with ASEAN, have become major drivers of the 
economy. This network is  further expanded with new Investment Promotion Agreements. Those 
agreements also may create enormous opportunities in trade and investment and further enhance 
trade and investment flows.  
4.177.   In the review period, Hong Kong, China has further developed its log istical capabilities and 
crafted new tools for streamlining the flow of trade. As the first WTO Member to ratify the Trade 
Facilitation Agreement, Hong Kong China introduced creative solutions for logistics and further 
simplified the procedures. For ensuri ng this, Single Window system, authorized economic operator 
program and automation are among these effective tools.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.178.   Turkey's bilateral trade with Hong Kong, China is based on MFN terms and has a relatively 
small share within the external trade of both par ties. However, we are satisfied that our bilateral 
trade volume has increased 40% during the review period, developing in a balanced manner. In this 
respect, as for many other Members, Hong Kong, China is an important logistic and commercial hub 
for Turkey  in its trade with the region, especially with Mainland China. We look forward for further 
developing the institutional framework of our bilateral economic relations and our bilateral 
cooperation in all possible areas both in bilateral and multilateral for a. 
4.179.   We have already submitted certain written questions to Hong Kong China and we definitely 
will study the answers carefully.  
4.180.   In conclusion, it would be inadequate to end our statement without mentioning the active 
and positive contribution of Hong Kong, C hina, to the rules -based multilateral trading system and 
discussions in many areas within this framework. In this respect, we should commend the active 
and constructive role of Ms. Irene Young, a good friend, and her team at the WTO.  
4.181.   We wish Hong Kong, Chi na a successful review.  
COLOMBIA  
4.182.   La economía de Hong Kong, China en este examen de política comercial aparece como una 
de las más abiertas del mundo al comercio, con una relación comercio/PIB del 375%, teniendo un 
alto ingreso per cápita que supera los 46.000 dólares EE.UU.  
4.183.   Es grato ver como los servicios, en particular el comercio y las finanzas, continuaron siendo 
el pilar de la economía, contribuyendo con un 92% al PIB y un 88% al empleo total. El crecimiento 
del PIB real de 2,8% en promedio desde 2014 representa una cifra importante p ara el alto nivel de 
desarrollo que presenta.  
4.184.   Por otra parte, la economía de Hong Kong, China tiene fuertes fundamentos fiscales y 
financieros. Durante el período examinado, registró importantes excedentes fiscales, lo que permitió 
un aumento del gasto pú blico, principalmente en infraestructura y bienestar social; mientras que, 
bajo supervisión y regulación fortalecidas, el sector bancario ha acumulado grandes reservas de 
capital y liquidez.  
4.185.   En lo comercial se observa como China continental es el principal  socio comercial, recibiendo 
el 55,3% de las reexportaciones y suministrando el 44,6% de sus importaciones en 2017, lo cual 
permanece prácticamente sin cambios desde la revisión anterior. Todos los tipos arancelarios 
aplicados son cero. Sin embargo, se des taca que más de la mitad de las listas permanece sin 
consolidar. En lo aduanero sobresale la plena implementación del Programa de Operador Económico 
Autorizado (OEA) y la conclusión de varios acuerdos de reconocimiento mutuo en esta materia.  
4.186.   En la OMC, Col ombia y Hong Kong, China son miembros del grupo Amigos del Sistema, y 
del grupo Old School Friends, y comparten una importante agenda común en temas tan diversos 
como comercio electrónico, facilitación de inversiones, y regulación doméstica, entre otros. C olombia 
encuentra en Hong Kong, China un actor sistémico con el que se apoya mutuamente para avanzar 
iniciativas de interés para la Organización y sus Miembros.   
4.187.   Colombia observa con beneplácito el increíble desempeño de Hong Kong, China como una 
de las e conomías más estables del mundo. Si bien Colombia no realizó preguntas para este examen, 
valoramos a través de este ejercicio poder profundizar nuestro conocimiento sobre algunos aspectos 
relevantes para el objetivo de este ejercicio de transparencia. Por ejemplo, en materia comercial, es 
de interés para Colombia conocer más acerca de la creciente integración económica y el marco de 
coordinación de políticas de Hong Kong, China con algunos de sus socios comerciales en la región 
Asia Pacífico, como Macao, As ean y China.  
4.188.   En materia de facilitación de comercio y a nivel de información fiscal sería de interés para 
Colombia conocer más sobre las experiencias de intercambio de información con socios comerciales 
y sus resultados.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.189.   Asimismo, para Colombia reviste d e gran importancia conocer los esfuerzos y experiencias 
de los diferentes Miembros de la OMC para combatir los fenómenos de comercio ilícito que son 
frecuentes alrededor del mundo. En el caso de Hong Kong, China sería interesante conocer más 
acerca de su e xperiencia sobre seguridad en las cadenas logísticas y comerciales, puntualmente en 
el contexto de la facilitación del comercio, así como en el contexto de la seguridad de los flujos 
financieros y los servicios, conocer más sobre las políticas de seguridad  y prevención que aplica 
Hong Kong, China al respecto.  
4.190.   Con estos comentarios termino, no sin antes desearle a Hong Kong, China el mejor de los 
éxitos en este examen de política comercial, así como por agradecerles por las excelentes relaciones 
de cooperaci ón entre nuestras Misiones en Ginebra.  
BURUNDI  
4.191.   À travers les rapports du pays examiné et du Secrétariat de l'OMC, ma délégation note avec 
satisfaction que Hong Kong, Chine est l'une des économies les plus ouvertes au monde car son 
économie se caractérise p ar le libre -échange, la libre circulation de l'information, des régimes 
réglementaires sains et transparents, un système juridique solide, une fiscalité simple et de faibles 
taux d'imposition, ainsi que des infrastructures de transport et de télécommunicat ion très 
développées.  
4.192.   Cette situation lui a permis de décrocher le premier rang pour la 24ème année consécutive 
considérant son degré de liberté économique ainsi que la 5ème place mondiale pour sa facilité de 
faire des affaires.  
4.193.   Dans le même contexte et p our témoigner de son engagement à garantir la libéralisation du 
système commercial mondial et améliorer la facilitation des échanges, Hong Kong, Chine a été le 
premier Membre de l'OMC à accepter l'Accord sur la facilitation des échanges (AFE) et à ce titre , a 
mis en application l'ensemble des dispositions y relatives dès son entrée en vigueur en 2017.  
4.194.   En plus, Hong Kong, Chine présente toujours ses notifications à l'OMC, ce qui témoigne de 
sa volonté de garder son régime commercial ouvert.  
4.195.   Ma délégation salue toutes les initiatives prises par Hong Kong, Chine pour rester attachée 
au système de l'OMC, à ses cadres de règles et à ses objectifs, y compris ceux mettant en avant les 
relations économiques internationales en général, et le commerce international  en particulier. En 
témoigne la prise en considération de la place du commerce mondial par le Hong Kong, Chine pour 
être profitable à tous.  
4.196.   Dans le même sens et avec le but de maintenir la compétitivité en tant que centre 
commercial et logistique ainsi que  suivre les tendances internationales, Hong Kong, Chine accélère 
actuellement la mise en place échelonnée du Guichet commercial unique qui prévoit la présentation 
à un seul guichet de tous les documents pour faciliter la déclaration commerciale et le 
dédou anement. Cela permettra effectivement à la communauté commerciale de gagner du temps 
et de réduire les coûts. Ma délégation l'encourage à accélérer le lancement de la première phase de 
cette activité afin d'être opérationnelle dans les meilleurs délais pou r améliorer la qualité des 
échanges commerciaux au niveau importation et exportation.  
4.197.   En plus, les services au Hong Kong, Chine constituent toujours le principal pilier de 
l'économie, comptant pour 92% du PIB et 88% de l'emploi total et surtout dans les se rvices des 
télécommunications. Ma délégation encourage les autorités à accélérer le projet d'offrir des 
incitations financières à l'intention des entreprises de télécommunication pour encourager le 
développement du réseau fibre jusque dans les villages rec ulés. 
4.198.   Ma délégation croit aussi que l'annonce de nouvelles politiques dans le secteur agricole par 
le Gouvernement permettra de promouvoir la modernisation et le développement durable de 
l'agriculture locale étant donné que ce secteur demeure très limité e t représente moins de 0,1% du 
PIB et moins de 0,1% de l'emploi total. Il faut noter ici que le secteur agricole a une grande 
importance dans le développement d'un pays et le relèvement du bien -être de la population.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.199.   Pour terminer, le Burundi est d'avis com me Hong Kong, Chine que le système commercial 
multilatéral, fondé sur des règles et incarné par l'OMC et le mécanisme de règlement des différends, 
joue un rôle important dans la résolution des conflits commerciaux.  
4.200.   Le Burundi souhaite pleins succès à Hong Kong, Chine pour son huitième Examen des 
politiques commerciales.  
NEPAL  
4.201.   Nepal and Hong Kong, China enjoy a close and cordial relations at the level of peoples. The 
relations between two countries have further strengthened after the establishment of the Con sulate 
General of Nepal in Hong Kong in 1997.  
4.202.   It is appreciable that Hong Kong has been providing various opportunities to the ethnic 
minorities in Hong Kong. The initiatives undertaken by Hong Kong China to integrate Nepali ethnic 
minority into Hong Kong  society through awareness, education and other socio -cultural activities is 
praiseworthy. At present, more than 20,000 Nepali live in Hong Kong.  
4.203.   The cooperation between two countries could be strengthened in the fields of investment, 
trade, tourism and hu man resource development. Nepal could be a destination country for tourism, 
trade and investment. Both Nepal and Hong Kong China could work together to strengthen the 
economic ties further.  
4.204.   HKC is regarded as one of the most preferred destinations for emp loyment opportunities for 
Nepali workers. We could promote this sector for benefits to both sides.  
4.205.   Nepal has adopted liberal economic policies since the early 1990s. Those policies are being 
timely amended in line with the multilateral trading system. The business and investment climate is 
conducive in Nepal due to political stability, adjustment in legal regimes, improving infrastructure, 
and good governance, among others.  
4.206.   Regarding trade, the major imports from Hong Kong, China includes electronics, watc hes, 
cosmetics and readymade garments while major exports from Nepal are woollen products, 
pashmina, carpets, handicrafts, mountain herbs (Yarchagumba), precious and semi -precious stones, 
etc. 
4.207.   It is appreciable that despite the uncertainty posed by rapidly  changing global economic 
environment, HKC is maintaining strong fiscal and financial fundamentals, and free market policy, 
among others. Services, in particular, trade and finance, continued to be the mainstay of the 
economy, contributing 92% to GDP and 8 8% to total employment, reflecting HKC's position as a 
global trade and financial Centre.   
4.208.   Notwithstanding its strong macroeconomic fundamentals and good economic performance, 
HKC's sustained economic growth faces some external and domestic challenges, in cluding 
heightened volatility in international markets, rising trade protectionism, persistently high housing 
prices, ageing population, and income disparities. HKC may devise appropriate and timely strategies 
to tackle the challenges at the global and nat ional levels.  
4.209.   Finally, we wish Hong Kong, China a successful Trade Policy Review.  
MYANMAR  
4.210.   Myanmar associates itself with the ASEAN statement delivered by Singapore. Myanmar and 
Hong Kong, China are important trading partners. Hong Kong, China has made inve stment in 
Myanmar since 1988.  
4.211.   According to our trade data, the bilateral trade between Myanmar and Hong Kong, China 
has increased, year on year. In the 2017 -2018 Fiscal Year, the trade turnover reached over 
USD385.6  million. We expect to see the continuati on of this positive trend.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.212.   In terms of the Foreign Direct Investment in Myanmar, Hong Kong, China has brought 
foreign capital over USD7 billion. Attaching great importance to co -operation between Myanmar and 
Hong Kong, China, we expect to see to explore m ore business opportunities and boosting economic 
developments in both places.  
4.213.   Based on the Secretariat's report, I wish to draw your attention to the progressive trade 
regime of Hong Kong, China which remains one of the most open economies in the world and  its 
economy has strong fiscal and financial fundamentals. During the review period, the average annual 
growth rate of Hong Kong, China was 2.8%.  
4.214.   We learned that Hong Kong, China recorded substantial fiscal surpluses while increasing 
public spending. Its monetary policy focused on currency stability and inflation has been on a 
declining trend during the review period.  
4.215.   The merchandise trade volume of Hong Kong, China was USD1,140 billion in 2017 ranking 
as the world's 6th largest exporter and the 5th larges t importer of goods, and the 8th largest 
exporter and the 12th largest importer of services in 2017. Hong Kong, China was the first member 
to accept the WTO Trade Facilitation Agreement. We noted that Hong Kong, China has continued to 
open trade regime. Fo r instance, the applied tariff rates are zero for all products and Hong Kong, 
China does not apply any duty or tax on exports.  
4.216.   In terms of direct investment, Hong Kong, China is one of the largest destinations and 
sources of direct investment in the world and continues to be an important business hub for foreign 
companies with the absence of foreign exchange controls and restrictions on overseas investment.  
4.217.   Hong Kong, China has been upholding a policy of a free and open economy over the years. 
We recognize  its strong commitments to foster progressive global trade liberalization and to 
strengthen the WTO multilateral trading system as well as to continue to work closely with all WTO 
members.  
4.218.   Hong Kong, China participates actively in the work of the WTO on a ll levels. At this critical 
juncture of the WTO's system under many challenges, we are happy to see continuous and effective 
support of Hong Kong, China to the WTO especially in strengthening multilateral trading system, 
enforcing global trade rules, and b ringing the current WTO's trade negotiation forward.  
4.219.   Finally, the delegation of Myanmar is pleased to convey appreciation to Ms. Salina Yan and 
her delegation including the whole team in Geneva, for their constructive engagement throughout 
this TPR proces s. 
4.220.   My delegation wishes the delegation of Hong Kong, China every success in this eighth Trade 
Policy Review.  
REPUBLIC  OF MOLDOVA  
4.221.   As the Secretariat's report rightly stated, Hong Kong, China has maintained its position as a 
global trade and financial center over the last years. We are impressed by Hong Kong, China's results 
in upholding a strong economic performance notwithstanding global and regional challenges and for 
remaining one of the most prominent international trade and investment hubs. This r ound of trade 
policy review brings into light many good practices, policies and lessons to be leamed by other 
Members. In this context, we thank H.E. Alfredo Suescum from Panama for his very interesting and 
insightful assessment presented today in his capa city as discussant.  
4.222.   Since the last TPR, Hong Kong, China has maintained the growing tendency of its economy. 
Its consistent market -oriented policies and its open and friendly economic environment are based 
on strong fundamentals that ensure sustainable gro wth and development. In 2017, HKC ranked 5th 
in the Ease of Doing Business ranking of the World Bank the most opened economies and 6th in the 
World Economic Forum Competitiveness Index.  
4.223.   Hong Kong, China is one of the wealthiest economies in East Asia, wit h a GDP per capita 
reaching USD46,189 in 2017. Trade and finance amount for 92% of the GDP and 88% of the total WT/TPR/W/158  • Hong Kong, China  
 
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  employment. Also, the Hong Kong dollar real effective exchange rate appreciated during the year of 
2015.  
4.224.   The tax regime implemented by Hong Kong , China is quite simple, with low rates. The fiscal 
policy overall is forward looking and based on strategic financial management principles. What is 
remarkable is the consistent use of fiscal surpluses to invest in the future — infrastructure building 
and services improvement.  
4.225.   The services sector remains the driving force of the Chinese economy. Hong Kong, China is 
one of the largest destinations and sources of direct investments in the world, ranking as the fourth 
largest recipient of direct investment fl ows worldwide.  
4.226.   The Republic of Moldova commends the efforts made by Hong Kong, China in order to sign 
Investment Promotion and Protection Agreements with 20 countries and the ongoing negotiation of 
new ones, which provide for non -discriminatory treatment a nd protection of investments in all the 
sectors.  
4.227.   We are impressed by the good network of regional trade agreements and FTAs and welcome 
the newly signed FTAs with Georgia and ASEAN countries, as well as the ongoing negotiation process 
with Australia and Ma ldives. The implementation of the previous FTA signed with many other 
countries before the reviewed period, especially with EFTA countries has shown transparency and 
predictability of the commitments undertaken by Hong Kong China and its economic partners.  
Protection of investments is guarantee by the sustainable and transparent regulation and policies, 
which is the main element of the economic growth and trade development. Closer Economic 
Partnership Agreements with Mainland China, Hong -Kong Macao and New Zeeland strongly 
contribute to the regional integration of the Hong Kong China's economy.  
4.228.   Even though our bilateral trade exchanges are quite modest for the moment, we would be 
interested in eventual negotiations of an FTA with Hong Kong, China in the near  future and to work 
closer with Hong Kong, China in the framework of the plurilateral initiatives in the WTO, especially 
under electronic commerce programme and SMEs.  
4.229.   The Republic of Moldova appreciates that during the years under review, Hong Kong, China 
has played an active role in the WTO. More precisely, Hong Kong, China has shown a perfect 
notifications record, is signatory of all the recent agreements (especially TFA, ITA, revised GPA) and 
was never involved in any WTO dispute settlement case.  
4.230.   The Rep ublic of Moldova didn't address questions to Hong Kong, China because it is difficult 
to question a Master as it has been mentioned by the discussant, Ambassador Suescum. We wish 
Hong Kong, China to keep the status of an exemplary Member of the multilatera l trade family and 
wish the distinguished delegation utmost success during this Trade Policy Review.  
VIET  NAM 
4.231.   We would like to associate ourselves with the ASEAN joint statement delivered by Singapore.  
4.232.   Since the last Trade Policy review in 2014, Hong Kong,  China has remained one of the most 
open economies in the world, a strong proponent of free trade with very positive economic and 
human development results, mainly fuelled by strong domestic demand and increasing exports of 
goods and services.  
4.233.   Viet Nam wis hes to highlight the advancements Hong Kong, China has made during the 
review period. As the report by the WTO Secretariat noted, Hong Kong, China is one of the world's 
most prominent international trade and financial hubs and has been well served by its s ound 
economic fundamentals such as a healthy fiscal balance, a strong external financial position, highly 
externally -oriented trade, flexible markets and a well -regulated financial system. We believe that 
Hong Kong, China will continue with the sound polic ies that have allowed it to obtain some of the 
highest rankings in the world indicators of economic freedom, competitiveness and ease of doing 
business.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.234.   We also appreciate Hong Kong, China's constructive efforts to support the WTO as a 
multilateral trading  system, including its commitment to implement the Trade Facilitation 
Agreement.  
4.235.   Regarding the bilateral trade and investment relations, we are pleased to note that 
Hong Kong, China is a long -standing economic partner of Viet Nam. Our economic cooperation is 
strong and has much potential to advance. Hong Kong was Viet Nam's ninth largest trading partner 
in 2017 with trade volume reached USD9.24 billion. Of the total, Viet Nam's export to Hong Kong 
recorded USD7.58 billion, up by 24.55% as compared to that o f 2016, while import from Hong Kong 
rose by 37.3% to USD1.66 billion.  
4.236.   In terms of investment, Hong Kong is consistently listed as one of the markets and territories 
with the highest foreign direct investment in Vietnam, ranks sixth out of 129 countries and  
territories. The investment from Hong Kong, China covers numerous sectors, ranging from 
manufacturing, textile and apparel industry, fintech to real estate and services.  
4.237.   Viet Nam would also like to commend the constructive engagement of Hong Kong, China i n 
the WTO and its support for the multilateral trading system and the always active contributions of 
Ms. Irene Young and her able team.  
4.238.   In conclusion, we wish Hong Kong, China every success as well as for its trade policy review 
in its process of economic and social development and the delegation of Hong Kong, China a 
successful Trade Policy Review.  
SRI LANKA  
4.239.   During the Review period the economy of Hong Kong China has been able to maintain its 
economic growth at 2.8%. We observe that services sector has bee n the major contributor to both 
GDP and employment contributing 92% and 88% respectively. The trade to GDP ratio has been 
375% which indicates as one of the most open economies in the world. The simple and open 
investment regime has also been a key factor for the economic success.  
4.240.   The success of their monetary policy is demonstrated at low inflationary level maintained 
during the review period. Hong Kong, China is one of the most stable economies in the world with 
per capita GDP over USD61,000 and with fore ign exchange reserves amounting to the equivalent of 
36.7 months of imports. It is noteworthy that Hong Kong, China became the first Member to accept 
the TFA, designating all its provisions under category A for implementation. During the Review 
period, Hon g Kong, China further streamlined customs procedures to strengthen the country's role 
as a transit hub. This involves introduction of transhipment facilitation scheme, IT based tracking 
system of road cargo and implementation of authorized economic operato r programme with several 
countries. The applied tariff on imports has been almost at zero level while licensing and notification 
requirement for textile imports is removed. Its TBT and SPS system is simple and transparent. All 
these measures have placed Ho ng Kong, China as a great transit hub in trade.  
4.241.   Hong Kong, China is a great compliant of WTO notification requirements.  
4.242.   Let me briefly mentioned about our bilateral trade with Hong Kong, China. The total trade 
between Hong Kong, China and Sri Lanka contin ue to remain around USD600 million while imports 
are around USD450 million. Our major export items to Hong Kong, China are precious stones, 
apparels, tea, fish and fish products and activated carbon. Our major imports from Hong Kong, China 
are knitted and woven fabric, apparels, plastic products, paper products, cotton and electronic and 
communication products. Hong Kong China is also a significant investor in Sri Lanka. Our trade and 
economic relations are cordial and progressing.   
4.243.   In concluding, my deleg ation appreciates Hong Kong, China's contribution to the multilateral 
trading system. In this regard, the role played by Ms. Irene Young, the Permanent Representative 
of Hong Kong, China and her team is commendable. She has been the Chair of many committee s of 
WTO including Trade Policy Review Body and TRIPS Council. I take this opportunity to wish her all 
successes in her future assignments. I also wish the delegation of Hong Kong, China a successful 
deliberation of its eighth Trade Policy Review.  WT/TPR/W/158  • Hong Kong, China  
 
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  INDIA  
4.244.   The economy of Hong Kong, China grew at an average rate of 2.8% during the period under 
review from 2014 -17. In 2017, the growth was faster at 3.8% due to robust growth in mainland 
China and strong domestic demands. Hong Kong, China is amongst the wealthiest  economies in East 
Asia with the GDP per capita of USD46,189 in 2017. Hong Kong, China has an open trade policy with 
exports and imports of goods and services significantly representing 375% of GDP. Hong Kong, 
China also attracts considerable foreign inves tment and ranks 5th in the ease of doing business 
report of the World Bank in 2017. The economy of Hong Kong, China also faces some challenges 
which include external risks, potential increase in interest rates, volatility in international financial 
markets , domestic housing pricing and issues relating to income dispute. We commend the 
authorities of Hong Kong, China for continued focus on strategies and measures to promote trade 
investments and to address these challenges.  
4.245.   India shares robust trade and economic relations with Hong Kong, China. Trade between 
India and Hong Kong, China has been growing and stood at USD34.11 billion in 2017. India continues 
to be Hong Kong, China's 7th largest trading partner with a diverse range of goods traded which 
include precious and semi -precious stones, leather, electrical machinery, textiles, chemicals, medical 
instruments, marine products, electronics, plastics and other products.  
4.246.   Hong Kong, China and India have a broad -based institutional framework for trade and 
investment. There are also regular exchange of business delegations and Indian trade delegations 
participate in various investment and trade fairs in Hong Kong, China. Investments by Indian 
companies in Hong Kong, China and companies from Hong Kong, China in  India have been growing 
steadily in areas including power, textiles, financial services, logistics, trading and banking. Our 
relations are also underpinned by the large presence of Indian professionals in these services sectors 
including banking, IT and f inancial services in Hong Kong, China.  
4.247.   To conclude, we look forward to further strengthening and harmonizing the potential of our 
trade and investment relations with Hong Kong, China and wish the delegation of Hong Kong, China 
a productive and successful T PR. 
URUGUAY  
4.248.   Uruguay desea brindar la más cordial bienvenida a la delegación de la Región Administrativa 
Especial de Hong Kong de la República Popular China en oportunidad del octavo examen de sus 
políticas comerciales, una instancia importante y saludable para promover la transparencia y 
comprensión de las políticas y prácticas comerciales aplicadas por los Miembros de esta Casa.  
4.249.   Nuestro país desea, en primer lugar, felicitar a Hong Kong, China por continuar siendo una 
de las economías más abiertas del mund o, y por su crecimiento económico sostenido, a una tasa 
media anual del 2,8%, desde la realización del último examen. Hong Kong, China ha incrementado 
sus niveles de gasto público, basado en un superávit fiscal considerable. Asimismo, ha logrado 
mantener s u moneda estable, con una tendencia a la baja de los niveles de inflación, que alcanzaron 
un valor de 1,5% en el último año.  
4.250.   Es dable resaltar que Hong Kong, China aplica pocas restricciones o prohibiciones al comercio 
y lo hace en forma consistente con la  normativa multilateral existente. No tiene legislación en 
materia de medidas de defensa comercial y mantiene regímenes de Obstáculos Técnicos al Comercio 
y de Medidas Sanitarias y Fitosanitarias transparentes y relativamente sencillos, no habiéndose 
prese ntado Preocupaciones Comerciales Específicas al respecto en los Comités correspondientes 
durante el período de análisis.  
4.251.   Hong Kong, China se destaca por haber sido el primer Miembro de la OMC en aceptar el 
Acuerdo sobre Facilitación del Comercio, en diciem bre de 2014, y por haber consignado todas sus 
disposiciones en la Categoría A para su inmediata aplicación. Cuenta con un sistema aduanero 
eficiente, con procedimientos rápidos y económicos en términos relativos. En este sentido, ha 
adoptado medidas tales como la introducción del Programa de Facilitación del Transbordo en el 
marco de Acuerdos de Libre Comercio; la mejora de un sistema informático de seguimiento de la 
carga transportada por carretera; la plena aplicación del Programa de Operadores Económicos  
Autorizados (OEA) y la celebración de varios acuerdos de reconocimiento mutuo de OEA; y la WT/TPR/W/158  • Hong Kong, China  
 
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  introducción de un límite en las tasas por declaración de importación o exportación. Asimismo, se 
encuentra estableciendo una ventanilla comercial única integral.  
4.252.   Adicionalmente, Hong Kong, China tiene una conducta ejemplar en materia de presentación 
de notificaciones a la OMC, y participa de manera constructiva en las discusiones sobre MIPYMEs, 
mediante el apoyo brindado en la XI Conferencia Ministerial a la Declara ción Ministerial sobre 
MIPYMEs del Grupo de Amigos de las MIPYMEs, y en la actualidad, integra el Comité de Coordinación 
en el ámbito del Grupo de Trabajo Informal sobre MIPYMEs, que es presidido por nuestro país.  
4.253.   Uruguay y Hong Kong, China mantienen relac iones amistosas y constructivas en distintas 
áreas. Reflejo de ello es la visita realizada por el señor Ministro de Relaciones Exteriores de Uruguay 
a Hong Kong, China a fines de octubre de este año.  
4.254.   En el año 2017, esta economía se ubicó como el segundo d estino de las exportaciones 
uruguayas de bienes en Asia -Pacífico (solo por detrás de China continental), con un total de 52 
millones de dólares EE.UU.  
4.255.   A la inversa, Hong Kong, China es un importante proveedor para nuestro país de aparatos 
eléctricos de te lefonía, máquinas automáticas para procesamiento de datos, aparatos receptores de 
televisión y máquinas y aparatos de oficina.  
4.256.   Adicionalmente, Uruguay ha recibido inversión extranjera directa procedente de Hong Kong, 
China en campos tales como la producci ón de energía solar, la logística y el agronegocio.  
4.257.   A efectos de coadyuvar a estos intercambios mutuamente beneficiosos es que se encuentra 
en vigencia un acuerdo de exención de visados entre Uruguay y Hong Kong, China. En este sentido, 
se ha propuesto neg ociar acuerdos en materia de inversiones, cooperación aduanera y facilitación 
del comercio.  
4.258.   Como corolario de lo expuesto, Uruguay le desea a Hong Kong, China el mayor de los éxitos 
en el octavo examen de sus políticas comerciales.  
PANAMÁ  
4.259.   Felicitamos a Hon g Kong, China por su larga trayectoria y compromiso con el sistema 
multilateral de comercio. Hong Kong, China es una prueba de como la liberalización económica y 
apertura comercial de la cual negociamos y conversamos a diario, rinde frutos en el desarrollo  de 
los Miembros. Congratulamos a Hong Kong, China por aparecer recurrentemente en los Índices de 
Apertura Económica y Facilidad de Hacer Negocios en los primeros escaños.  
4.260.   Hong Kong, China y Panamá mantienen estrechos lazos que se han visto reflejados en el 
amplio comercio entre ambos, pese a la gran distancia. En 2017, el comercio entre Hong Kong, 
China y Panamá superó 78 millones de dólares EE.UU., un aumento de 42% en 5 años y el segundo 
más grande en el registro de las relaciones bilaterales, posicioná ndose como un importante socio 
comercial en Asia.  
4.261.   Entre las exportaciones de Panamá a Hong Kong, China destacamos carne bovina, café, así 
como deshechos de hierro y acero. Por su parte Panamá es un importante comprador de productos 
electrónicos como celul ares, equipos de comunicación, televisiones y también de productos 
laminados de hierro y juguetes.  
4.262.   El intercambio comercial entre ambos territorios, también se benefician de sus importantes 
puertos y zonas libres. El intercambio comercial entre ambas zona s francas superó los 250 millones 
en 2017.  
4.263.   Igualmente, los puertos y el Canal de Panamá juegan un importante rol en las exportaciones 
de Hong Kong, China hacia países en el cono sur, y ambas costas del Atlántico.  
4.264.   Sin duda Hong Kong, China cuenta con much as políticas que se podrían replicar, entre ellas 
destacamos la importancia que juegan los sectores de logística, zonas francas y centros financieros 
internacionales en ambas economías.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.265.   Indagamos, cómo lo hacen otros Miembros, respecto a planes que pueda tener Hong Kong, 
China para continuar el proceso de la consolidación de sus aranceles, en especial para los productos 
no agropecuarios cuya cobertura actual es inferior al 40%. Si bien el arancel aplicado es cero, la 
consolidación de estos juega un rol imp ortante en la reducción de la incertidumbre para los 
comerciantes.  
4.266.   Felicitamos a Hong Kong, China por su participación en grupos como MSMEs, Comercio 
Electrónico y Facilitación a las Inversiones para el Desarrollo, además, por ser el primer Miembro en 
firmar el Tratado de Facilitación del Comercio y notificar sus compromisos en la categoría A.  
4.267.   Esperamos una continua participación en los temas de transferencia de tecnología, comercio 
electrónico, servicios y facilitación. Sus contribuciones serán de gran be neficio para la OMC y el 
desarrollo de los diálogos.  
4.268.   Deseamos a Hong Kong, China mucho éxito en este examen y destacamos la admirable 
gestión de su delegación en Ginebra.  
EL SALVADOR  
4.269.   Entrando en materia a este ejercicio, quisiéramos compartir un resumen d e la relación 
bilateral con Hong Kong, China. En el marco bilateral, el comercio bilateral durante el periodo 2015 
a 2017 totalizaron en promedio 24 millones de dólares EE.UU., habiendo un saldo comercial a favor 
de Hong Kong por 15 millones de dólares EE. UU.  
4.270.   Dentro de los principales productos salvadoreños exportados hacia Hong Kong se destacan: 
los reptiles vivos, pescados y prendas de vestir. A su vez, los principales productos importados por 
El Salvador desde Hong Kong son prendas de vestir, etiquetas impre sas, cintas elásticas, 
manufacturas de plástico, teléfonos móviles, entre otros.  
4.271.   De los informes presentados, en el ámbito económico deseamos resaltar el repunte del 
crecimiento económico de Hong Kong en 2017 del 3,8%, en comparación al crecimiento modera do 
de los años anteriores con tasas de 2,4% en 2015 y 2,2% en 2016, según su informe. Asimismo, 
Hong Kong, China continúa siendo uno de los principales centros comerciales y financieros del 
mundo, ocupando el séptimo puesto mundial por lo que se refiere al  comercio de mercancías en 
2017 y el sexto mayor centro bancario del mundo por su posición exterior y el sexto mayor mercado 
de valores en términos de capitalización bursátil.  
4.272.   De igual forma se subraya el desempeño en materia fiscal, en el que Hong Kong h a 
mantenido un superávit fiscal durante 14 años consecutivos, así como las estrategias formuladas 
para aprovechar dicho superávit y orientarlos a inversiones en Hong Kong y aliviar las cargas a su 
población, tal como indican en su informe.  
4.273.   En cuanto a su apertura comercial, observamos que Hong Kong ha mantenido su liderazgo 
en esta materia, con aranceles aplicados nulos. No obstante, más de la mitad del arancel aduanero 
sigue sin consolidar.  
4.274.   En el marco multilateral, felicitamos a Hong Kong , China por su compromiso y contribución 
al sistema multilateral de comercio. Prueba de ello es que fue el primer Miembro de la OMC en 
aceptar el Acuerdo sobre Facilitación del Comercio, aplicando todas las disposiciones de la sección I 
de dicho Acuerdo al  entrar este en vigor el 22 de febrero de 2017. Asimismo, destacamos la 
participación activa de la Misión de Hong Kong en todos los foros de la OMC, en particular la excelente 
labor de la Señora Young como Presidente de este Órgano en el periodo anterior.  
4.275.   Por lo anterior no nos queda más que desearles muchos éxitos en este ejercicio.  
PAKISTAN  
4.276.   Pakistan and Hong Kong, China (HKC) enjoy very good bilateral relations. Trade between 
the two countries stands at around USD223.04 million, with Pakistan's exports a t about USD149.57 
million, and imports from Hong Kong at USD73.47 million in 2015.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.277.   HKC is an excellent example of a successful economy with a strong external trade 
component. HKC's trade -to-GDP ratio was 375% in 2017. It is encouraging to note that Hong Ko ng, 
China's economy grew by 3.8% in 2017 compared to 2.4% in 2015 and 2.2% in 2016.  
4.278.   Among the many achievements of Hong Kong China's economy, one of the most significant 
is the contribution to global financial services. The financial services industry acco unted for 17.7% 
of HKC's GDP and employed close to 6.7% of the total labour force in 2016. HKC is now the world's 
sixth largest banking centre in terms of external positions and had the sixth largest stock market in 
terms of market capitalization.  
4.279.   The lon g-term credit ratings of the HKC demonstrate an admirable stewardship of the 
economy. HKC has also been at the forefront of technological advances with the Hong Kong Monetary 
Authority (HKMA) establishing the Fintech Facilitation Office in 2016 to facilita te the healthy 
development of the fintech ecosystem.  
4.280.   Hong Kong China is a strong supporter of the MTS at the WTO. In the area of Trade 
Facilitation, HKC was the first Member to accept the Trade Facilitation Agreement in December 2014 
and designated all it s provisions under Category A for immediate implementation. It's 
implementation of the Trade Single Window (TSW) for one -stop lodging for trade declaration and 
customs clearance purposes, serve as a good example for other economies.  
4.281.   Before closing, we wis h to highlight the active role played by Hong Kong, China at the WTO 
under the guidance of Ms. Irene Young. We appreciate her relentless efforts and contributions along 
with her team in Geneva to advance the multilateral system under the WTO. Pakistan and Hong 
Kong, China have often collaborated on issues of mutual interest at the WTO and bilaterally and 
hope to continue the good relations of cooperation.  
4.282.   We wish Hong Kong, China a very successful Trade Policy Review.  
CAMBODIA  
4.283.   Cambodia associates itself wit h the statement made by Singapore on behalf of ASEAN in the 
context of regional cooperation. We would like to stress that dialogues and relations between ASEAN 
Members States and Hong Kong, China are of strategic importance. We welcome the signing 
ASEAN -Hong Kong Free Trade Agreement and Investment Agreement last year, as these agreements 
will help strengthen the regional cooperation by creating more opportunities for ASEAN Members 
States to expand trade and investment with the aims to boosting economic dev elopments in the 
region.  
4.284.   At the WTO, we commend Hong Kong, China for being the first WTO Member to accept the 
Trade Facilitation Agreement, in addition to its active participations in WTO discussions to preserve 
and strengthen a rule -based multilateral tr ading system and its participations to negotiate WTO 
issues including its contributions to building on new issues disciplines such as e -Commerce, 
Investment Facilitation and Micro Small Medium Enterprises (MSMEs).  
4.285.   Taking this opportunity, on behalf of my delegation, I would like to commend the Hong Kong, 
China delegation based in Geneva led by Ms. Irene Young for such efforts and important role played 
in the WTO for this review as well as aforementioned WTO activities.  
4.286.   In the bilateral ties, companies and  investments from Hong Kong, China establishing in 
Cambodia include a wide range of sectors, such as finance, construction, legal and accounting, as 
well as manufacturing. In 2016, Cambodian exports to Hong Kong, China accounted for almost 
USD300 million, and Cambodia's imports from Hong Kong, China were valued at more than 
USD500  million, making Hong Kong, China become the eighth largest trading partner, 13th largest 
export market and seventh largest source of imports for Cambodia. In 2017, it is reported that 13% 
of the total trade between Cambodia and the Mainland of China was routed through Hong Kong, 
China. This affirms that Hong Kong, China is a significant trade and investment partner for Cambodia.  
4.287.   With this remarkable trend, we hope to explore more o pportunities to expand more trade 
and investment activities between Cambodia and Hong Kong, China.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.288.   In closing, my delegation wishes Hong Kong, China a successful Trade Policy Review.  
COSTA  RICA 
4.289.   Hong Kong, China is a close friend of Costa Rica. We share our  common interest in 
strengthening the Multilateral Trading System through a middle ground approach, coincide as 
Friends of Anti -Dumping Negotiations, as members of the Information Technology Agreement and 
its expansion, and we have both seen the potential that negotiations in Services and Environmental 
Goods could bring to our peoples. In this line, there are similar circumstances with which Costa Rica 
can relate to as well, for instance the vulnerability to natural disasters, these days infused by climate 
change, and the importance that education and skills have on making a small population more 
competitive.  
4.290.   With a very open and stable economy, and little to none trade restrictions to imports and 
exports, Hong Kong, China stands out in this House with an im peccable record maintaining up to 
date its notifications, and leading by example in matters of transparency. Their orientation towards 
a knowledge -based society mainly focused on Services, contributes 92% to its GDP and 88% to 
employment. This has position ed Hong Kong, China as a hub for global trade and financial center. 
Also, the contribution of Tourism cannot be overlooked, with a total spending of USD38.1 billion in 
2017.  
4.291.   Nevertheless, such a progressive trade policy faces external challenges, such as b eing 
subject to the volatility of international markets, rising trade protectionism, high housing prices, an 
ageing population and income disparities, despite its strong macroeconomic fundamentals and 
performance.  
4.292.   We congratulate Hong Kong, China for being  the WTO member to approve the Trade 
Facilitation Agreement with all its provisions under Category A. In the World Bank's Ease of Doing 
Business ranking they are placed 5th, and 6th in the World Economic Forum's Global 
Competitiveness Index. Moreover, Hong  Kong, China ranks 4th destination of Foreign Direct 
Investment worldwide and 6th source of outbound investment.  
4.293.   In current times, when there is so much at stake and the Multilateral Trading System needs 
maximum support and engagement from its friends, th ere is plenty to learn from the freest, most 
open economy in the world.  
4.294.   This is my very last intervention in this House before terminating functions next Friday, and 
I can't leave without closing with a personal message for my very dear colleague Irene Young, a 
friend since the day I arrived in Geneva. It has been admirable to  me all the effort Irene has put 
into making this a better organization, contributing everything that Hong Kong, China has to offer 
as a very distinguished member of the WTO.  
4.295.   Two particular memories I am very fond of. One is our Popcorn Club, a very formal  but 
unofficial coalition of friends that go together to the cinema every once in a while, all perfectly 
coordinated and logistically executed by Irene. Last week that you were not here my performance 
as your deputy in charge of the group watching Bohemian  Rhapsody was embarrassingly poor so I 
am very glad that you are back in town.  
4.296.   Second, the day when an EGA negotiation round had an unexpectedly long pause while a 
few parties entered into a caucus and the rest of us had to figure out creative ways to be e ntertained. 
That day you and I sang one of the few Chinese songs I know, which goes something like this:   
Ni wen wo ai ni you duo shen  
Wo ai ni you ji fen  
Wo di qing ye Zhen, wo di ai ue Zhen  
Yue liang dai biao wo de Xin  
 
Ni wen wo ai ni you duo shen  
Wo ai ni you ji fen    
Wo di qing bu yi,  
Wo de ai bu bian  
Yue liang dai biao wo de Xin  WT/TPR/W/158  • Hong Kong, China  
 
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  4.297.   Thank you for your friendship, which will continue beyond Geneva, and congratulations on 
a very successful Trade Policy Review.  
BRAZIL  
4.298.   Brazil is pleased to take part, once a gain, in the Trade Policy of Hong Kong, China. Between 
2014 and 2017, the period covered by this review, Hong Kong, China continues to show impressive 
results and is an example of success based on an open and market oriented economy. During this 
period, Ho ng Kong, China also showed strong fiscal and financial fundamentals, which should provide 
a degree of protection from any volatility in international markets. However, as pointed out by 
Hong Kong, China in their report, as a small open economy, economic ou tlook hinges on global 
economic conditions. It is no surprise — therefore — that one of Honk Kong, China's main trade 
policy objectives includes the support for strengthening the rules based multilateral trading system 
and the WTO. Brazil fully agrees with  this perspective.  
4.299.   As indicated in the Secretariat report, Hong Kong, China is one of the most open economies 
in the world, with one of the most liberal and transparent foreign investment regimes. All applied 
MFN tariffs are zero, and all agricultural tari ffs are bound. Moreover, Hong Kong, China, with its 
well-developed infrastructure, is an example of efficiency in logistics and customs procedures. 
Therefore, Hong Kong, China is ranked highly by indicators of competitiveness and ease of doing 
business.  
4.300.    Nevertheless, with respect to non -agricultural goods, a great part of the tariff lines remains 
unbound. Brazil believes that a higher level of bound tariffs would contribute to improve the 
predictability of the tariff regime of the territory. Thus, Brazil e ncourages Hong Kong, China's 
authorities to increase the number of bound tariffs.  
4.301.   In concluding, let me wish a successful Trade Policy Review to Hong Kong, China.  
PERÚ  
4.302.   Tomamos la palabra muy brevemente para saludar los desarrollos positivos en la economía 
de Hong Kong, incluidos el crecimiento constante, la reducción de la inflación, el superávit fiscal, 
etc., así como los éxitos en el plano comercial, especialmente el crecimiento de los intercambios en 
un ambiente de gran libertad comercial, así como la co nclusión de varios Tratados de Libre Comercio, 
y el apoyo al sistema multilateral de comercio, incluida la constante participación constructiva de su 
delegación permanente en Ginebra.  
4.303.   Hong Kong y Perú somos socios en APEC, en donde apreciamos su participac ión, tan activa 
como en esta Organización.  
4.304.   Como lo dijo el Embajador Suescum es muy difícil cuestionar a un maestro en temas de 
apertura y de implementación de acuerdos internacionales, así que baste con animar el proceso de 
revisión de las leyes de compet encia que aplican a las fusiones de empresas, que está ya previsto, 
de acuerdo con el contenido del informe de la Secretaría.  
4.305.   Finalmente, le deseamos a la delegación de Hong Kong un exitoso examen de sus políticas 
comerciales.  
NIGERIA  
4.306.   Since the last review in 2014, Hong Kong, China (HKC), has maintained one of the most 
open trade and investment regimes globally, which serves as the backbone of its successful 
integration into the global economy. We note from the Secretariat report, that between 2014 an d 
2017, the economy of HKC grew at an average of 2.8% annually. In this regard, HKC should be 
commended for sustaining these characteristics, strengthened by a sound legal system and 
supported by transparent regulatory settings. Therefore, Nigeria, like ot her WTO Members, can 
benefit from Hong Kong, China's remarkable achievements, which illustrates how an open trade and 
investment regime is crucial in harnessing the benefits of global integration.  WT/TPR/W/158  • Hong Kong, China  
 
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  4.307.   We are encouraged to note that consistently, HKC takes its rights and obligations in the WTO 
seriously. For example, its notifications are up to date, and as the first WTO member accepting the 
Trade Facilitation Agreement (TFA), HKC is fully committed to the implementation of all the 
provisions in section 1 of the  TFA, without flexibilities, upon the entry to force of the TFA on the 
22nd of February 2017. It is on the basis of this exemplary leadership, and inspiration, that Nigeria, 
in demonstration of our commitment, was one of the first 10 WTO members, to notify  its category 
A commitments under the TFA in September 2014, taking a cue from HKC. Nigeria, is also strongly 
committed to the seamless implementation of the TFA, in the context of the ongoing reforms by the 
Government, including improvements in the busine ss environment, especially, ease of doing 
business. In this regard, there are useful lessons to be learnt from the HKC's experience.  
4.308.   Nigeria is pleased to note the strong commitment of HKC in taking a balanced and 
progressive approach to strengthen the fun ctions of the WTO and preserve its credibility and 
relevance. We both share these core objectives. As partners, HKC should be commended for its 
active engagements, with open. mind and pragmatic approach, in the joint initiatives; such as 
domestic regulatio n on Trade and -services, e commerce, investment facilitation for development, 
and MSMES. We have no doubt that the key and positive messages highlighted in the concluding 
remarks at the last TPR in 2014, will be reiterated, upon the conclusion of this revi ew, which is not 
accidental.  
4.309.   Notwithstanding its achievements, as noted in the Secretariat report, HKC is faced with some 
economic challenges, notably, some external and dynamic risks to its sustained growth, including 
potentially sharp increases in intere st rates and heightened volatility in International Financial 
Markets, rising trade protectionism, persistently high housing prices and income disparities.  We are 
mindful of these challenges, mentioned in the Secretariat report, and also highlighted in so me of the 
pervious interventions. However, we are happy to note that the authorities of HKC are already 
implementing appropriate measures, as well as taking action necessary, to address some of these 
challenges, including specific concerns raised by some m embers.  
4.310.   In conclusion, my delegation would like to acknowledge the role and contributions by the 
HKC Permanent Representative Ms. Irene Young, in her capacity as the current Chair of the TRIPS 
Council and former Chairperson of the TPRB in 2016, to the wor k of the WTO, it would be remiss of 
me not to mention the constructive and proactive engagement of the delegation of HKC in Geneva, 
under her dynamic and purposeful leadership. Nigeria would continue to work closely with HKC and 
the rest of the membership,  during this challenging period. We are confident that HKC, would 
continue to play its role as an active player and make its contributions according to its capacity.  
4.311.   We wish Hong Kong, China a successful 8th TPR review exercise and congratulate the entire  
delegation for their engagement.  
  WT/TPR/W/158  • Hong Kong, China  
 
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  5  REPLIES BY THE REPRE SENTATIVE OF HONG KO NG, CHINA AND ADDITI ONAL 
COMMENTS  
5.1.  Good morning, Chairman, Ambassador Suescum (discussant) and colleagues. First, I would 
like to thank the Chairman for the smooth conduct of the me eting, and the discussant for his 
insightful remarks. I must also thank all Members who have spoken for your very encouraging 
comments and candid views.  
5.2.  I am pleased to report that as of this morning, we have replied to all advanced written 
questions. Now,  I wish to respond to issues in which Members have shown particular interest.  
Tariff binding  
5.3.  A few Members enquired about our tariff binding coverage in the WTO. Our present binding 
coverage is the outcome of negotiations plus additional autonomous binding  that we have made 
since the conclusion of the Uruguay Round. The 47.5% of our tariff lines which HKC bound at zero 
already cover 72.7% of our imports last year. This is of substantial commercial value.  
Services liberalization  
5.4.  Similarly, a few Members were  interested in our services commitments under the GATS, 
particularly for professional services. HKC maintains a liberal and open regime for trade in services. 
Horizontal trade restrictive measures, such as foreign equity cap or screening requirements for 
investment process, usually constitute the most inhibiting trade barriers to service suppliers. HKC 
does not have any of these. Regulatory measures are kept to the minimum necessary for the pursuit 
of legitimate policy objectives. HKC remains one of the wor ld's easiest places to do business, 
according to the World Bank's Doing Business Report. The Government strives to cut red tape, 
eliminate outdated or unnecessary regulations on business, enhance regulatory efficiency and 
reduce business compliance cost, w ith a view to further improving the ease of doing business in 
HKC, thereby sustaining our global competitiveness. Making commitments under the GATS is, 
however, dependent on a host of factors, including the requests and offers of the parties concerned 
and the balance of the negotiations.  
5.5.  There was an observation that our telecommunications services industry grew remarkably 
during the review period. Indeed, all sectors of HKC's telecommunications market have been 
liberalized with no foreign ownership restric tions. Our objectives are to provide a level playing field 
in the telecommunications market and ensure that consumers get the best service available in terms 
of capacity, quality and price.  
Coverage of competition law  
5.6.  This brings me to the coverage of our competition law. While Members generally noted that 
mergers in the telecommunications services sector, which is an important sector for us, have been 
brought under the regulation of our Competition Ordinance (the Ordinance), a few Members have 
asked whethe r HKC would extend the coverage of merger control under the Ordinance. During the 
legislative process for enacting the Ordinance, there was no clear consensus in the community to 
apply the merger control beyond the present coverage. We also note that quite  a number of 
jurisdictions have adopted a step -by-step approach in expanding their competition regime, by adding 
the merger control at a later stage. The Ordinance has come into full effect for almost three years. 
After building up more experience and expe rtise, we will assess whether and when a cross -sector 
merger control should be introduced.  
Government procurement  
5.7.  A few Members mentioned our implementation of the Revised GPA. Since the Revised GPA 
came into force in April 2014, we have amended our Stores  and Procurement Regulations 
accordingly. With that, HKC's government procurement regime is fully compliant with the Revised 
GPA. In addition, we have also introduced several measures to simplify tender procedures and 
documentation, foster the participatio n of SMEs and promote green procurement.  WT/TPR/W/158  • Hong Kong, China  
 
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  Taxation policy on electric vehicles  
5.8.  One Member commented on the decision regarding the tax rebate policy for electric vehicles. 
We wish to point out that, taking into account public views, we have decided to mainta in the first 
registration tax concessions for electric private cars until March 2021. In addition, a "One for -One 
Replacement" Scheme has been introduced to provide more financial incentive to encourage eligible 
existing private car owners to choose electr ic cars when replacing their private cars. The Government 
will review the first registration tax concession arrangement before its expiry.  
Intellectual property rights  
5.9.  A number of Members expressed interest in our intellectual property (IP) rights protecti on 
regime. I would like to assure Members that HKC fully recognizes the importance of robust IP 
protection as one of our key competitive advantages. In fact, the World Economic Forum has ranked 
HKC the 9th worldwide in terms of IP protection among 140 econ omies. We are committed to 
enhancing our IP regime from time to time, taking into account international developments and 
domestic circumstances.  
5.10.   On the copyright front, our Customs will continue to take rigorous enforcement actions against 
on-line piracy. In December last year, three offenders involved in a piracy syndicate circumventing 
paid TV channels were sentenced to imprisonment ranging from 21 to 27 months. The sentence is 
the heaviest penalty ever imposed on internet piracy in HKC. The successful pr osecution of the 
aforesaid case, coupled with on -going enforcement efforts, has sent a strong deterrent to similar 
piracy activities and put across a clear message to the community that copyright infringement is a 
serious criminal offence.  
5.11.   To guard against  cross-border infringing shipments, our Customs has strengthened 
cooperation with the express courier industry to tackle the problem at source and signed memoranda 
of understanding on this with major courier operators. Our Customs has deployed extra manpow er 
to work in the hubs of these express couriers to intercept infringing shipments and shared useful 
tips in their daily operation. We will continue to enhance our cooperation with other Members' IP 
enforcement authorities in combating IP rights infringeme nt cases, including counterfeit 
pharmaceutical products.  
Free trade agreements (FTAs) and investment agreements  
5.12.   We are delighted to hear that some Members have expressed interest in strengthening 
economic ties or negotiating an FTA with HKC. We will continue to explore the possibility to expand 
our FTA network in line with our mutual interests and consistent with the WTO rules. For example, 
we are seeking to start FTA discussions with the Pacific Alliance, covering the markets of Chile, 
Colombia, Mexi co and Peru.  
5.13.   For this, we totally agree with the comment that forging high quality FTAs will not only benefit 
the parties concerned but will send a strong message to reaffirm trade liberalization amid the rising 
trend of protectionism.  
5.14.   As a matter of appro ach, HKC has all along considered it in the interest of the economies 
concerned to take a holistic approach, instead of a piecemeal approach, through the negotiation of 
a comprehensive FTA and an investment agreement towards a balanced outcome that would, on the 
one hand, enhance the market access and treatment of the business community, and, on the other 
hand, advance the protection of the parties from abuse. We have conveyed this specifically to 
individual Members in tackling rights and obligations issues  in existing bilateral investment 
agreements and we look forward to the favourable feedback from Members concerned.  
Upholding free trade and the multilateral trading system  
5.15.   Chairman, we are encouraged by the fact that, among the 37 Members who spoke on Da y 
One, over 20 of them highlighted HKC as among their top 10 trading partners or an important source 
of foreign investment.  WT/TPR/W/158  • Hong Kong, China  
 
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  5.16.   We value these close economic ties, notwithstanding the fact that overall speaking, we are 
importing more goods than we export. We a re also happy to see the substantial presence of foreign 
business and professionals, as well as some of the largest foreign chambers of commerce in Hong 
Kong. All these bear testimony to our open and liberal trade regime, and the success of the "One 
Countr y, Two Systems" principle which empowers HKC to maintain and develop trade relations on 
our own. As a free trader, we practise what we preach.  
5.17.   At the end of the day, trade is a two -way street, not a zero -sum game. Free trade allows our 
consumers and busine ss to get the most out of their economies' comparative advantages. With their 
different strengths and needs, trading partners can complement each other, making the pie bigger 
and better, and the world economy as a whole stronger and healthier.  
5.18.   Over the yea rs, the rule -based multilateral trading system has proven to be crucial to the 
continued growth and sustainable development of Members' economies. As a founding Member of 
the WTO, HKC pitches strongly for this system, and will continue to play an active an d constructive 
role in strengthening it. At this critical juncture in particular, HKC will join efforts with other Members 
to address challenges facing the WTO and stands ready to engage constructively in discussions to 
modernize the Organization while uph olding its core values in promoting free and open trade.  
Concluding remarks  
5.19.   In closing, I would like to, once again, express our appreciation to the you, the discussant, 
all participating Members and the Secretariat for their valuable contributions to the fruitful 
discussions during our TPR. HKC values the frank and positive exchanges with all Members, and 
finds this exercise most useful in enhancing the transparency and Members' understanding of our 
trade regime. We look forward to renewing this dialogue a t our next TPR. Thank you.  
DISCUSSANT  
5.20.   I wish firstly to extend my personal and warm thanks to Director General Yan and her team, 
to Hong Kong China's, Geneva -based delegates, to all the delegations that participated in this review, 
to you, Chair, and to th e Secretariat, for their hard work throughout this exercise.  
5.21.   As in 2014, Members expressed continued interest in several areas. I won't go over all the 
areas we covered on the first day, but I am satisfied that Hong Kong, China, diligently provided 
much us eful information in response to comments made, and to all the questions posed.  
5.22.   Members clearly recognized that there has been palpable progress on many issues since 2014. 
Perhaps just as importantly, Members also clearly recognized that HKC remains a role model of 
openness and business friendliness.  
5.23.   Through its long trading history, HKC has transitioned from being outward looking by need, 
to become even more so by careful design. Overall, we heard positive comments about HKC's trade 
regime, how its opennes s and macroeconomic policies and structural reforms have resulted in 
continued positive economic performance, with strong real GDP growth, and budget surpluses that 
give HKC room to deal with real domestic challenges and with external one such as the uncer tainties 
of increasing trade protectionism.  
5.24.   All the while, Members acknowledged that HKC has remained committed to the MTS. Members 
recalled and congratulated HKC for being the first Member to ratify the TFA, and that it designated 
all its provisions for i mmediate implementations. In this vein, Members acknowledged and praised 
continued efforts to facilitate transhipment, improve IT in road cargo tracking systems, 
implementing a trade single window, and its authorized economic operator programme, among othe r 
steps.  
5.25.   The review made clear also that in addressing FDI, HKC has addressed both inward and 
outward investment – it ranks 4th and 6th worldwide, respectively, according to UNCTAD. HKC 
continues to promote a business -friendly environment, streamlining var ious related processes. It 
was able, for example, to point to advances to further liberalize customs procedures recognized as 
already very efficient. It also explained progress made in implementing its competition legislation, 
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  5.26.   Members recognized that HKC's applied tariffs are zero, while pointing out that over half the 
schedule is remains unbound. This will be of importance in negotiations. It was clear also, that HKC 
has moved in very important ways from "made in Hong Kong" to "designed and planned in Hong 
Kong China". HKC has underscored that it is prioritizing creative industries and innovation. Perhaps 
in recognition of this, and the zero applied tariffs, when touching on access, Members were especially 
keen on services. Intellectual property policy, protection and enforcement was also very important 
for Members. Many questions were asked on these aspects of trade policy.  
5.27.   HKC reaffirmed its commitment to its substantial and meaningful negotiating outcomes. It 
underscored that it's bilateral and regional agreements were always viewed as complementary and 
supportive of the MTS. Several Members pointed to innovative provisions in their bilateral 
agreements, e.g., related to health and environmental issues. There were  expressions as well of 
interest in negotiating a new agreement, and to modernize existing ones, including BITs. One 
Member asked about HKC's vision for participation in regional integration schemes, political 
coordination with ASEAN, and the exchange of f inancial information.  
5.28.   Members praised the very active role played by HKC's Mission in Geneva, most recently under 
Ms Irene Young. The Mission is acknowledged as vocal, constructively engaged, and highly 
respected.  
5.29.   I believe the work over the last few month s and days has resulted in a useful and fruitful 
exchange, characterized by open and constructive engagement. There is still some follow -up left to 
do regarding a few questions received very recently, but not too much. I have high hopes that HKC 
will be ab le to refer to the results of this review when planning future negotiations, policy decisions, 
and mapping its future trade links, whether by land, air, sea, or cyberspace.  
5.30.   Thanks to everyone for another productive and useful review. I wish everyone from o ut of 
town a very happy return.  
EUROPEAN  UNION  
5.31.   Let me first thank the delegation of Hong Kong, China for the comprehensive replies to our 
questions and for using the alternative timelines, which have allowed us to review the replies in 
advance of the meeti ng.  
5.32.   We just have one follow -up question, which we have submitted in writing and we look forward 
to the reply in due course.  
5.33.   In its statement on Monday and this morning, Hong Kong, China recalled its staunch support 
to the multilateral trading system and shared its readiness to "engage constructively in discussions 
to modernize the WTO". The EU welcomes this statement and we loo k forward to working with 
Hong Kong, China to advance the WTO modernization debate.  
5.34.   In this context, the EU would like to recall the written question we raised regarding 
Hong Kong, China's designation and status in the WTO, and its response that it does n ot make use 
of any Special and Differential Treatment in existing agreements. The EU takes note of the reply 
would like to thank Hong Kong, China for this clarification and its readiness to engage in discussions 
on such systemic questions that face the WTO . The EU firmly believes in the importance of having 
an open and frank discussion on these issues.  
5.35.   In conclusion, we are confident that Hong Kong, China will make full use of the remarks and 
recommendations of the WTO Members as well as the Discussant to c ontinue further improving its 
already open trade and investment policy and to continue playing an active and constructive role in 
strengthening the multilateral trading system and in modernizing the WTO.  
5.36.   We look forward to taking further stock of the prog ress achieved at the next TPR in 5 years' 
time. 
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  UNITED  STATES  
5.37.   The United States would like to express sincere appreciation for the presence and hard work 
of Director -General Yan, Ambassador Young, and the entire delegation of Hong Kong, China in this 
Trade Policy Review, as well as constant thoughtful and active engagement here at the WTO. We 
also thank Ambassador Suescum for his excellent performance as Discussant, and extend our 
admiration to all the extremely competent professionals in the Secretariat.  
5.38.   The United States would like to thank Hong Kong, China for detailed and informative answers 
to our previously submitted written questions. We have submitted a single follow -up question 
overnight: that question was "To further lend to the predictability of  the multilateral trading system, 
is Hong Kong in a position to declare it will forego seeking special and differential treatment in future 
WTO agreements?"  
5.39.   We also wish to express thanks to Hong Kong for addressing some issues of importance raised 
by the U.S. during Day 1, including intellectual property enforcement issues, copyright issues and 
digital piracy and electric vehicles.  
5.40.   The United States is very grateful for a good and close relationship with Hong Kong, China 
both bilaterally and here at the WT O. We note that Hong Kong as a historic center for open and free 
trade is home to close to 1400 subsidiaries of U.S. companies, many of which serve as regional 
headquarters, and appreciate Hong Kong as one of the largest U.S. export markets for goods and 
agricultural products. In addition, the U.S. is happy to engage in fruitful and ongoing educational, 
cultural, and professional exchanges with the vibrant and energetic people of Hong Kong, China.  
5.41.   In closing, we would like to congratulate everyone on a succ essful TPR, and to express our 
best wishes going forward.  
CHINA   
5.42.   We would like to thank the delegation of Hong Kong and also the Chair, yourself, and the 
Discussant and the WTO Secretariat for successfully holding this Trade Policy Review. We would also 
like to congratulate Hong Kong, China for another successful and productive review.  
5.43.   We are impressed by Members' positive comments and the commendation on Hong Kong, 
China's implementation of WTO obligations, its active participation in the WTO and also its  
constructive contribution to this Organization.  
5.44.   We look forward to Hong Kong, China's continued role in this Organization, especially at this 
critical juncture.  
MS. SALINA  YAN  (HEAD  OF DELEGATION)   
5.45.   Thank you Chair. I think it is only left for me to thank Members for all your comments and 
input and very much constructive advice on how we can continue to keep up our work in conducting 
a free and open economy for Hong Kong, and in participating very constructively in the work of this 
House in the years ahead,  and especially in the time before us because we are facing a very 
important stage of development for us all. I would like to thank you once again for your very hard 
work and chairmanship, Chair, and the very much insightful remarks and reminders for us fr om 
Ambassador Suescum. Thank you, we will be taking the plane back home this evening and my team, 
for sure, and I, will bring with us all the advice and views and your good wishes for us back home. 
And I look forward to continuing our friendship and very p rofessional working relationship.  
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  6  CONCLUDING REMARKS B Y THE CHAIRPERSON  
6.1.  This eighth Trade Policy Review of Hong Kong, China has enabled us to take a closer look at 
its trade and economic policies and to deepen our understanding of developments in those policies 
since its previous Review in 2014. I would like to thank the delegation of Hong Kong, China, led by 
Ms Salina Yan, Director -General of Trade and Industry, the discussant, Ambassador Alfredo Suescum 
of Panama, for his insightful contribution, and t he 37 Members who made interventions. Timely 
responses from Hong Kong, China to the large number of questions were highly appreciated. We 
look forward to any additional replies no later than one month after this meeting.  
6.2.  Hong Kong, China was highly praised  for maintaining one of the most open and market -oriented 
economies in the world, and achieving robust economic growth, despite a challenging external 
environment. Members acknowledged that Hong Kong, China's good economic performance was 
underpinned by so und macroeconomic fundamentals, including a healthy fiscal balance and a strong 
external financial position, as well as a business -friendly environment, transparent regulatory 
settings and modern infrastructure. Members further noted that Honk Kong, China' s liberal approach 
to trade and investment had enabled it to obtain some of the highest rankings in major world 
indicators of competitiveness, economic freedom and ease of doing business.  
6.3.  It was recognized that Hong Kong, China's highly outward -oriented e conomy was particularly 
sensitive to global trade tensions, rising protectionism and heightened volatility in financial markets. 
The importance of the services sector to the economy of Hong Kong, China and its orientation 
towards a knowledge -based society were highlighted, and Members acknowledged its achievements 
as a major global trade, finance and logistics centre. Some Members encouraged it to further 
liberalize its services market, particularly in professional services.    
6.4.  Members commended Hong Kong, China's strong commitment to, and support for, the 
multilateral trading system. In particular, Members commended it on its active role in the MC11 joint 
initiatives on investment facilitation for development, MSMEs, services domestic regulation, and 
electr onic commerce. Hong Kong, China was congratulated for being the first Member to accept the 
Trade Facilitation Agreement. Its participation in plurilateral trade initiatives, including the revised 
GPA, and the expansion of the Information Technology Agreeme nt, among others, was also 
acknowledged. Some Members noted that Hong Kong, China had not made any use of special and 
differential treatment in recent years.  
6.5.  Members noted with interest Hong Kong, China's active engagement in bilateral and regional 
trade agreements such as those signed with the ASEAN nations, Georgia, and Macao, China during 
the review period, and the recent conclusion of an FTA negotiation with Australia. They also noted 
its increasingly deep economic and financial integration with Mainla nd China through the conclusion 
of four subsidiary agreements to the Closer Economic Partnership Arrangement (CEPA).   
6.6.  Overall, Members praised Hong Kong, China for its open, transparent and efficient trade 
regime; some Members encouraged it to make effort s to follow the best practices of administrative 
transparency.  
6.7.  Members commended Hong Kong, China for maintaining a tariff -free import regime with very 
few import restrictions, no legislation pertaining to anti -dumping, countervailing and safeguard 
measures, and relatively simple TBT and SPS systems. However, noting t hat half of its tariff schedule 
remained unbound, some Members encouraged Hong Kong, China to expand the coverage of its 
tariff bindings, so as to enhance the predictability of its trade regime.  
6.8.  During the review period, Hong Kong, China continued to impl ement measures to further 
streamline customs procedures and facilitate trade. In particular, Members welcomed the full 
implementation of the Authorized Economic Operator programme, the conclusion of several mutual 
recognition agreements concerning Authoriz ed Economic Operators, and the forthcoming 
implementation of the Trade Single Window. In this regard, the Representative of Hong Kong, China 
announced that the first phase of the Trade Single Window was scheduled to be implemented by 
end-2018.  
6.9.  Members als o welcomed the entry into force of Hong Kong, China's first Competition Ordinance 
in 2015. Noting that merger rules only apply to the telecommunications sector, some Members WT/TPR/W/158  • Hong Kong, China  
 
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  encouraged Hong Kong, China to consider extending the scope of these provisions. C hanges recently 
introduced by Hong Kong, China to its government procurement regime were also acknowledged, 
with some Members expressing interest in further discussing its implementation of the GPA and 
opportunities for foreign supplier participation.  
6.10.   Members took note of the steps taken by Hong Kong, China to upgrade its intellectual property 
regime and enforcement capacity, and welcomed the adoption of legislation to establish an original 
grant patent system. Nevertheless, some Members expressed concerns  regarding IPR enforcement 
in the digital environment and the transit of counterfeiting and other infringing goods through Hong 
Kong, China. They also encouraged Hong Kong, China to press ahead with the adoption of new 
copyright legislation.  
6.11.   I believe tha t Hong Kong, China's achievements demonstrate how important an open trade 
and investment regime is for a successful integration into the global economy. The substantial 
number of advance questions and the many interventions show the important role Hong Kon g, China 
plays in the WTO. Hong Kong, China has also set an example through its staunch commitment to 
the free markets and the multilateral trading system, and I am sure Members would like to join me 
in encouraging it to continue along this path. It is my hope that this Review will be useful to Hong 
Kong, China for further improving its trade -related regulatory regime. I thank the delegation of Hong 
Kong, China for its efforts and dedication to this exercise, the discussant for his comments with a 
positive spirit, and Members for contributing to what has been an informative and successful Review.  
__________