Hong Kong eyes stronger economic and trade ties with Thailand to expand role in Asia

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Hong Kong eyes stronger economic and trade ties with Thailand to expand role in Asia
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Hong Kong's leader says the city will seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister

FILE - Hong Kong Chief Executive John Lee speaks at a reception following a flag raising ceremony for the celebration of 74th National Day of the People's Republic of China at the Golden Bauhinia Square in Hong Kong on Oct. 1, 2023. Lee said Tuesday, Oct. 10, the city would seek to strengthen its economic and trade ties with Thailand after a meeting with the country's prime minister, as the Chinese financial hub looks for more business opportunities in Southeast Asia.

Chief Executive John Lee said at a weekly press briefing that he and Thai Prime Minister Srettha Thavisin agreed during a meeting on Monday that the two sides have “good and close relations" and that they would promote more exchanges between their people. Lee's administration wants to expand the city's role in Southeast Asia to boost economic growth for the financial hub after years of COVID-19 restrictions. It aims to position the city as a bridge between mainlandLee said Hong Kong will work to deepen regional cooperation and strengthen its work on economic, trade and investment activities with countries in the Association of Southeast Asian Nations.

Srettha arrived in Hong Kong on Sunday for a three-day trip. He met with officials and business leaders including Bernard Chan and Allan Zeman, according to his post on the X platform, formerly known asIn a press statement on Monday, Lee also thanked Thailand for supporting Hong Kong's early entry into the Regional Comprehensive Economic Partnership, a major 15-nation trade agreement that took effect last year.

Members of the trade bloc hope the initiative, encompassing about a third of world trade and business activity, will help power their recoveries from the pandemic.

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