HK, Peru to kick start free trade pact negotiations on January 2023

The first round of talks will cover subjects such as trade in goods.

Official negotiations on a possible free trade agreement (FTA) between Hong Kong and Peru will kick start in January 2023.

The first round of talks will cover subjects such as trade in goods, services, investment, electronic commerce, and small and medium-sized enterprises

“To help Hong Kong enterprises and investors expand their markets, and further reinforce Hong Kong's status as an international trade and investment hub as well as our worldwide network of economic and trade connections, we have been actively seeking to forge FTAs and investment agreements with our trading partners,” Secretary for Commerce & Economic Development Algernon Yau said.

So far, Hong Kong has signed eight FTAs with the Mainland, New Zealand, member states of the European Free Trade Association, Chile, Macau, the Association of Southeast Asian Nations, Georgia and Australia.

Apart from an FTA with Peru, Hong Kong is also seeking to accede to the Regional Comprehensive Economic Partnership and engaging in exploratory talks with other potential FTA or investment agreement partners.