HKSAR supports WTO reform in right direction: financial secretary

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Paul Chan, Hong Kong's financial secretary, attends a policy address by Chief Executive Carrie Lam at the Legislative Council in Hong Kong Special Administrative Region, China, October 6, 2021. /CFP

China's Hong Kong Special Administrative Region (HKSAR) supports the reform of the World Trade Organization (WTO) in the right direction, including the restoration of a fully and well-functioning dispute settlement system as soon as possible, said the HKSAR government's financial secretary Paul Chan on Saturday.

Chan, who met with WTO Director-General Ngozi Okonjo-Iweala, said that while the global economy is weathering various challenges, the HKSAR has for years been a firm supporter of a rules-based multilateral trading system with the WTO at the core.

The HKSAR has been actively promoting and forging free trade, Chan told the WTO chief, who visited the Chinese mainland to attend the seventh "1+6" Roundtable on December 8 and December 9.

Chan said that the roundtable has made valuable contributions to building an open world economy and boosting global economic recovery and growth.

The financial secretary said the HKSAR will further deepen its role as an international financial center, trading center, aviation hub, and shipping center, among others, thus making more and greater contributions to forging better connections between the country and the world, as well as promoting common and inclusive development.

Source(s): Xinhua News Agency