On 13 November 2017, ASEAN and Hong Kong signed a free trade and investment agreement hoping to strengthen economic cooperation between the two sides and promote development in the region.
Both agreements, ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) and ASEAN-Hong Kong Investment Agreement (AHKIA) were signed at 31st ASEAN-Hong Kong Summit in Manila.
AHKFTA is the sixth Free Trade Agreement signed by ASEAN, which has already signed free trade agreements with China, South Korea, Japan, India, Australia and New Zealand.