How Far Will Hong Kong's Accession to ACFTA Impact its Trade in Goods?
AbstractHong Kong proposed its possible accession to the ASEAN-China Free Trade Area (ACFTA) in November 2011. This report examines how much Hong Kong's accession to ACFTA will impact on the trade in goods between ASEAN and China. It is likely that the direct impact of Hong Kong's accession will be minimal on the trade in goods since re-exports account for 96.3% of Hong Kong's total exports, indicating that the value of Hong Kong-origin products is marginal. However stock operations using movement certificates (MCs) in Hong Kong, which cannot be carried out in non-members of ACFTA, will facilitate the trade in goods between China and ASEAN. As such stock operations are generally carried out in places located near to final destinations, Hong Kong's accession will facilitate further ASEAN exports to China.
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Bibliographic InfoPaper provided by Economic Research Institute for ASEAN and East Asia (ERIA) in its series Working Papers with number DP-2013-04.
Length: 31 pages
Date of creation: May 2013
Date of revision:
Contact details of provider:
Postal: The ASEAN Secretariat Mezzanine Floor, 70A Jl.Sisingamangaraja, Jakarta 12110
Web page: http://www.eria.org/
More information through EDIRC
Free trade area (FTA); ASEAN; China; Trade facilitation; Intermediary trade;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-09 (All new papers)
- NEP-INT-2013-06-09 (International Trade)
- NEP-SEA-2013-06-09 (South East Asia)
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- Ken Itakura & Yoshifumi Fukunaga & Ikumo Isono, 2013. "A CGE Study of Economic Impact of Accession of Hong Kong to ASEAN-China Free Trade Agreement," Working Papers DP-2013-06, Economic Research Institute for ASEAN and East Asia (ERIA).
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