Commerce chief joins trade meeting

Secretary for Commerce & Economic Development Algernon Yau yesterday attended the Organisation for Economic Co-operation & Development’s Ministerial Council Meeting in Paris, France.

While speaking at a discussion session on trade policies for resilient and inclusive growth, Mr Yau stressed the importance of fighting against any form of protectionism as the world is walking out from the COVID-19 pandemic.

"Trade is not, and should never be seen as, a 'zero-sum' game. We must continue to provide a free, fair, open, non-discriminatory, transparent and predictable environment for trade and investment to thrive.

"Commitments to forging regional trade agreements that are inclusive and open, that seek to deepen economic integration, and that promote economic and technical co-operation will overcome divisions and bolster connectivity."

Mr Yau highlighted that ongoing dialogues and exchanges between governments, as well as with various stakeholders, should be promoted.

He also called on participating ministers to uphold the rules-based multilateral trading system and drive forward the World Trade Organization's discussions about restoring a fully and well-functioning dispute settlement system, the Joint Statement Initiatives on e-Commerce and Investment Facilitation for Development, etc.

Apart from meeting Vietnam’s Minister of Foreign Affairs Bui Thanh Son to exchange views on enhancing bilateral relationships, the commerce chief promoted Hong Kong's advantages and business opportunities during a breakfast meeting with the France-Hong Kong Business Association.

Mr Yau will proceed to Budapest for a two-day visit.