Hong Kong, China (customs territory)
Concluding remarks by the Chairperson of the Trade Policy Review Body, Ms Irene Young of Hong Kong, China at the Trade Policy Review of the United States, 19 and 21 December 2016
This Trade Policy Review has been a very useful opportunity for Members to understand the economic trade and investment policies of the United States. I would like to thank the delegation led by Ambassador Michael Punke our discussant Ambassador Daniel Blockert and the more than 60 delegations that had either taken the floor or had shared their written statements with us for their valuable contributions.
Report by Hong Kong, China
Hong Kong China (HKC) is one of the world’s most open economies with a business and investmentfriendly environment characterized by free trade free flow of information sound and transparent regulatory regimes a robust legal system simple taxation and low tax rates and well-developed transport and telecommunications infrastructure.
Introduction
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT contracting parties in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.