In a dynamic move to elevate its position on the global trade stage, Hong Kong plans to forge new investment agreements, focusing on deepening ties with countries such as Saudi Arabia, Bangladesh, Egypt, and Peru.

Chief Executive John Lee unveiled this ambitious strategy in his 2025 Policy Address, signaling a robust commitment to strengthening international economic and trade networks.

This year, Hong Kong will establish an Economic & Trade Office in Kuala Lumpur, marking a significant step toward enhancing cooperation in the region.

Moreover, the Government is set to roll out a legislative proposal next year aimed at digitizing business-to-business trade documents, paving the way for a more efficient trading environment.

The much-anticipated "Trade Single Window" initiative will see further expansion, streamlining a wider range of trade documents to ensure smoother transactions.

Collaboration with the Mainland's General Administration of Customs is also on the agenda, focusing on linking their single windows and possibly extending the innovative "Single Submission for Dual Declaration" scheme.

On top of that, plans to discuss integrating single windows with ASEAN nations could redefine trade logistics in the region.

To sweeten the deal for traders, the Government is introducing half-rate tax concessions for commodity businesses, designed to attract investment to Hong Kong.

Furthermore, legislative amendments will be introduced in the first half of next year to facilitate these changes.

In a strategic move to elevate commodity policy, the Government will establish a Strategic Committee on Commodities, led by the Financial Secretary, to ensure a cohesive long-term vision.