Home / Knowledge / News / Textiles / HK applauded as an APEC model member economy

HK applauded as an APEC model member economy

Jan '07
Hong Kong was applauded as a "model member economy" in trade and investment liberalisation and facilitation in its Individual Action Plan (IAP) Peer Review Session held (January 16, Canberra time) in Canberra, Australia, as part of the meetings of the 2007 First Senior Officials' Meeting of Asia-Pacific Economic Co-operation (APEC).

The study report on the action plan noted that Hong Kong had long maintained a free-market economy and a liberal trade and investment regime. The experts who wrote the report reiterated during the session that Hong Kong could be considered as the APEC member economy that was closest to achieving the Bogor Goals.

In 1994, APEC economic leaders committed in their statement made in Bogor, Indonesia, to seek to achieve the long-term goal of free and open trade and investment in the Asia-Pacific by no later than 2010 for industrialised economies and 2020 for developing economies. The purpose of the review exercise is to evaluate Hong Kong's advancement in achieving this commitment of the leaders, known as "the Bogor Goals".

The report said that Hong Kong's trade and investment regime provided a "model" against which many other APEC member economies could benchmark their efforts as they progressed towards the Bogor Goals.

Leading the Hong Kong, China, delegation which included officials from the Trade and Industry Department, the Financial Secretary's Office and the Customs and Excise Department, the Director-Generalof Trade and Industry, Mr Joseph Lai Yee-tak, said he was greatly encouraged by the positive remarks made in the study report.

Must ReadView All


E-commerce | On 19th Sep 2021

Switzerland commits $4.4 mn for UNCTAD’s e-com, digital economy work

Switzerland recently announced a contribution of $4.4 million to the...

Pic: Shutterstock/humphery

Textiles | On 18th Sep 2021

China wants to join CPTPP; Japan to consult members to respond to bid

Chinese commerce minister Wang Wentao recently submitted an...

Pic: Shutterstock

Textiles | On 18th Sep 2021

Eurozone GDP recovers quicker than expected after lockdowns: EU report

The eurozone economy recovered more rapidly than considered earlier...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search