Australia-Hong Kong (China) Free Trade Agreement and associated Investment Agreement

The Australia-Hong Kong (China) Free Trade Agreement and associated Investment Agreement entered into force in January 220. It provides for further elimination of all customs duties and import/export restrictions among the two Parties, but recognizes import licensing.

Rules of origin delineated in the Agreement state that goods may benefit from preferential tariff treatment if

• wholly obtained or produced, or having undergone a significant production process (entailing a change in HS code) on the territory of One of the Parties or
• meeting minimum regional value content requirements, specific to each good

The Investment Agreement provisions establish Most-Favoured Nation and equal treatment status for investors from the two jurisdictions.

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