Hong Kong expanded its ASEAN FTA on January 9, 2024, tripling the number of covered product categories to 600. This benefits Hong Kong businesses with a broader origin status, impacting jewelry, medicaments, food, and textiles. The move aims to enhance trade by offering preferential tariff treatment. ASEAN is Hong Kong's second-largest trading partner, and the FTA is crucial for strong trade ties. Both parties commit to prompt protocol implementation, emphasizing Hong Kong's strategic efforts to fortify economic ties with ASEAN.

Effective April 1, 2023, Hong Kong enforces the Dealers in Precious Metals and Stones Regulatory Regime under the Anti-Money Laundering Ordinance. To transact over HK$120,000, registration with the Commissioner of Customs and Excise is mandatory. The nine-month transitional phase concluded on January 1, 2024.