As one of the most open economies in the world, Hong Kong plays an active role in promoting free trade and economic cooperation globally. Under the “one country, two systems” principle, Articles 116 and 151 of the Basic Law confer Hong Kong the status of a separate customs territory, with constitutional rights to take part in certain international organisations as a member on its own.
In trade and economic development, these organisations include:
World Trade Organization
The rule-based multilateral trading system under the auspices of the World Trade Organization (WTO) is the cornerstone of Hong Kong’s external trade policy. Hong Kong is a Founding Member of the WTO and continues its separate membership under the name “Hong Kong, China” since the establishment of the Hong Kong Special Administration Region.
Organisation for Economic Co-operation and Development
Hong Kong contributes to policy discussions on international trade and financial services in the Trade Committee and the Committee on Financial Markets of the Organisation for Economic Co-operation and Development (OECD).
The Hong Kong Economic and Trade Office in Geneva is the official representation of Hong Kong at WTO and the Trade Committee of OECD.
Asia-Pacific Economic Cooperation
Hong Kong contributes to regional economic development through its participation in Asia-Pacific Economic Cooperation (APEC) as a full and separate member. Trade between Hong Kong and APEC member economies accounts for over 80% of Hong Kong's external trade. APEC serves as an important platform for Hong Kong to work with key trade partners on a wide range of economic and trade issues in the Asia-Pacific region.