Potential Tax Treaty Partners for Hong Kong

Mr. Ian Chin Principal Assistant Secretary for Financial Services and the Treasury (Treasury) (R2) Financial Services and the Treasury Bureau Bureau 24/F, Central Government Offices 2 Tim Mei Avenue, Tamar Hong Kong

Dear Mr Chin,

Potential Tax Treaty Partners for Hong Kong

Thank you for your letter of 6 March 2026 inviting the Hong Kong General Chamber of Commerce to provide suggestions on prospective jurisdictions that Hong Kong should actively pursue Comprehensive Avoidance of Double Taxation Agreements.

The Chamber regards the expansion of Hong Kong’s tax treaty network as essential to bolster our standing as a preferred destination for international business operations amid the evolving global tax environment. We are hopeful that meaningful progress can be made in the near term through active engagement with the jurisdictions as set out in the attached document. We also understand that CDTA negotiations are ongoing with Germany and Nigeria; given the considerable market size of those two countries, we look forward to the successful conclusion of such negotiations as soon as practicable. Accordingly, we highly recommend that the Government allocate additional resources to expedite the process.

We hope you will find our recommendations useful.

Yours sincerely,

Patrick Yeung

CEO

Encl.

Proposed CDTA Partners to be Accorded with Priority

 Jurisdiction

 Reasons for the need to accord priority to the proposed jurisdiction

 Asia

 Laos

• ASEAN Member State (AMS),
• Belt and Road economy,
• Free Trade Agreement with Hong Kong.

 Myanmar

• ASEAN Member State (AMS),
• Belt and Road economy,
• Free Trade Agreement with Hong Kong.

 Singapore

• Hong Kong’s 5th largest trading partner (2025),
• Belt and Road economy,
• APEC member,
• Free Trade Agreement with Hong Kong.

 Taiwan

• Hong Kong’s 2nd largest trading partner (2025),
• APEC member,
• Important investment source.

 Australasia

 Australia

• Hong Kong’s 22nd largest trading partner (2025),
• APEC member,
• Free Trade Agreement with Hong Kong,
• Major commodities/natural resources player that is of interest to Mainland investors.

 Middle East and North Africa (MENA)

 Egypt

• Key market for investors in the MENA region,
• Belt and Road economy.

 Latin America

 Brazil

• Hong Kong’s 2nd largest trading partner in Latin America (2025),
• Emerging market with potential investment opportunities in sustainability,
• Belt and Road economy.

 Chile

• Hong Kong’s 3rd largest trading partner in Latin America (2025),
• APEC member,
• Fulfilment of an agreement in principle reached in October 2019,
• Free Trade Agreement with Hong Kong.

 Colombia

• Hong Kong’s 5th largest trading partner in Latin America (2025)

 Peru

• Hong Kong’s 6th largest trading partner in Latin America (2025),
• APEC member.

HKGCC Secretariat March 2026