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HK, APEC sign economic legal pact

Secretary for Justice Teresa Cheng signed a memorandum of understanding with Executive Director of the Asia-Pacific Economic Cooperation (APEC) Secretariat Dr Rebecca Fatima Sta Maria to support the creation of the Strengthening Economic Legal Infrastructure sub-fund at a virtual signing ceremony today.   The Department of Justice made the announcement and explained that the sub-fund under the APEC Economic Committee, currently chaired by the Commissioner of Inclusive Dispute Avoidance & Resolution Office of the Department of Justice, will provide funding for capacity building work to assist APEC economies to strengthen their economic and legal infrastructure with a view to fostering economic development in the Asia-Pacific region.   It noted that the establishment of the sub-fund demonstrates the Hong Kong Special Administrative Region's commitment and contribution to strengthening economic and legal infrastructure in the region, and charts the course for a stronger, closer and more longstanding partnership with APEC.   This will also help enhance the Hong Kong SAR's visibility and reputation, further consolidating its role as an ideal hub for deal-making and a leading centre for international legal and dispute resolution services in the region and beyond, the department added.
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