Xinhua | 2012-8-27
Cambodian Prime Minister Hun Sen, the chair of ASEAN in 2012, on Monday
advised the ASEAN economic ministers to submit the studies on the
impacts of Hong Kong's accession to the ASEAN-China Free Trade
Agreement ( ACFTA) to ASEAN leaders in November for their decision.
the benefits of increasing market access to Hong Kong which is one of
the 10 largest trading partners of ASEAN, and based on positive studies
made on the impacts of Hong Kong's accession to the ACFTA, I'd like to
request the ASEAN economic ministers to make recommendations on legal
implication, impacts, and challenges pertaining to the Hong Kong's
accession to ASEAN leaders at the 21st ASEAN Summit to be held in
November for decision making," he said in his opening address at the
44th ASEAN Economic Ministers Meeting and related meetings.
Hong Kong expressed its interest to join the ACFTA to the Secretary-General of ASEAN in October 2011.
Kong's accession to the ACFTA could result in a number of benefits for
both Hong Kong and ASEAN member states. Given its strategic position as
a business and financial center in the region, Hong Kong could enhance
its role as trade facilitator between Chinese mainland and ASEAN
countries by joining the ACFTA. In particular, Hong Kong's accession
would allow for the further development of the trade between Hong Kong
Founded in 1967, the Association of Southeast Asian
Nations ( ASEAN) groups Brunei, Cambodia, Indonesia, Laos, Malaysia,
Myanmar, the Philippines, Singapore, Thailand and Vietnam.