The United States has long maintained trade ties with Hong Kong, a Special Administrative Region of the People`s Republic of China. Over the years, this relationship has been governed by a number of trade agreements aimed at fostering greater cooperation between the two economies. In this article, we`ll take a closer look at the history of US trade agreements with Hong Kong and how they have impacted both countries.

The first US trade agreement with Hong Kong was the 1985 United States-Hong Kong Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion. This agreement, which is still in force today, aims to prevent double taxation of income earned by US and Hong Kong residents in each other`s jurisdictions.

In 1995, the United States and Hong Kong signed the United States-Hong Kong Policy Act, which granted Hong Kong special trading status with the US. This designation allowed for lower tariffs on Hong Kong goods and encouraged increased trade between the two economies. The Policy Act also provided for the continued autonomy of Hong Kong in its economic and political affairs, a promise that has come under increasing scrutiny in recent years.

In 2008, the United States and Hong Kong signed the US-Hong Kong Bilateral Investment Treaty (BIT), which aimed to provide greater protection for US investors in Hong Kong and vice versa. The BIT also included provisions for the resolution of investment disputes between the two countries.

More recently, the US and Hong Kong have been embroiled in a trade dispute that began in 2018. The dispute centered on allegations that Hong Kong was facilitating the transfer of sensitive technologies to mainland China, a charge that the Hong Kong government denied. The US government responded by imposing tariffs on Chinese and Hong Kong goods, leading to a decrease in US-Hong Kong trade.

Despite this setback, the US and Hong Kong remain important trading partners, with Hong Kong serving as a key gateway to the vast Chinese market. Both countries have expressed a desire to maintain a strong trade relationship, and it is likely that additional trade agreements will be signed in the future.

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