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How Far Will Hong Kong's Accession to ACFTA Impact its Trade in Goods?


  • Kohei SHIINO

    (JETRO Singapore, Japan External Trade Organization, Singapore)


Hong 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.

Suggested Citation

  • Kohei SHIINO, 2013. "How Far Will Hong Kong's Accession to ACFTA Impact its Trade in Goods?," Working Papers DP-2013-04, Economic Research Institute for ASEAN and East Asia (ERIA).
  • Handle: RePEc:era:wpaper:dp-2013-04

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    References listed on IDEAS

    1. Mari Pangestu & Haryo Aswicahyono & Titak Anas & Dionisius Ardyanto, 2002. "The Evolution of Competition Policy in Indonesia," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 21(2), pages 205-224, September.
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    4. Mia Mikic, 2009. "ASEAN and Trade Integration," Working Paper Series 109, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    5. Aldaba, Rafaelita M., 2012. "Trade Reforms, Competition, and Innovation in the Philippines," Discussion Papers DP 2012-06, Philippine Institute for Development Studies.
    6. Robert W. Crandall & Clifford Winston, 2005. "Does antitrust policy improve consumer welfare? Assessing the evidence," Chapters,in: Governments, Competition and Utility Regulation, chapter 2 Edward Elgar Publishing.
    7. Michael Wise, 2007. "Competition Law and Policy in the European Union," OECD Journal: Competition Law and Policy, OECD Publishing, vol. 9(1), pages 7-80.
    8. Cassey LEE & Yoshifumi FUKUNAGA, 2013. "Competition Policy Challenges of Single Market and Production Base," Working Papers DP-2013-17, Economic Research Institute for ASEAN and East Asia (ERIA).
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    Cited by:

    1. 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).

    More about this item


    Free trade area (FTA); ASEAN; China; Trade facilitation; Intermediary trade;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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