How Far Will Hong Kong's Accession to ACFTA Impact its Trade in Goods?
Kohei Shiino ()
No DP-2013-04, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)
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.
Keywords: Free trade area (FTA); ASEAN; China; Trade facilitation; Intermediary trade (search for similar items in EconPapers)
JEL-codes: F15 (search for similar items in EconPapers)
Pages: 31 pages
New Economics Papers: this item is included in nep-int and nep-sea
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:era:wpaper:dp-2013-04
Access Statistics for this paper
More papers in Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA) Contact information at EDIRC.
Bibliographic data for series maintained by Ranti Amelia ( this e-mail address is bad, please contact ).