What policy will the Hong Kong Special Administrative Region pursue to safeguard the movement of goods?

Study for the Hong Kong Basic Law and National Security (BLNST) Exam. Access flashcards and multiple-choice questions with hints and explanations. Prepare effectively for your exam!

The Hong Kong Special Administrative Region pursues a policy of free trade to safeguard the movement of goods. This approach aligns with its long-standing economic philosophy and commitment to open markets, which has been a cornerstone of Hong Kong's economy since its establishment as a major trading hub.

By promoting free trade, Hong Kong aims to facilitate the flow of goods without the imposition of tariffs or other restrictive measures that could hinder trade. This not only enhances economic efficiency but also attracts foreign investment and supports local businesses by allowing them greater access to international markets.

The commitment to free trade is underscored by Hong Kong's participation in various international trade agreements and its membership in organizations such as the World Trade Organization, which advocate for lower trade barriers and greater global market integration. This policy effectively creates an environment conducive to trade and commerce, thereby upholding Hong Kong’s status as a vital gateway for trade between China and the rest of the world.

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